Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 1051: Which of the is a risk-free security? Options:
  A) Preference share
  B) Ordinary share
  C) Treasury bill
  D) Debenture
  Show Answer
  The correct answer is C .
• Question 1052:

  Why will a cheque be dishonored?

  Options:
  A) Regular signature
  B) high amount of money written on the cheque
  C) insufficient funds
  D) general crossing
  Show Answer
  The correct answer is C .
• Question 1053: Which part of the computer system does the keyboard device belong to? Options:
  A) Output unit
  B) Logic unit
  C) Input unit
  D) Control unit
  Show Answer
  The correct answer is C .
• Question 1054: The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __ Options:
  A) Stroke
  B) Consumerism
  C) Picketing
  D) Demonstration
  Show Answer
  The correct answer is B .
• Question 1055: The insurance principle that requires full disclosure of information on the insured is known as Options:
  A) indemnity
  B) uberrimae fidei
  C) subrogation
  D) caveat emptor
  Show Answer
  The correct answer is B .
• Question 1056:

  An article used as a means of exchange in the early days of trade in West Africa was

  Options:
  A) cedis
  B) cowrie
  C) dalasi
  D) naira
  Show Answer
  The correct answer is B .
• Question 1057:

  Use the information below to answer this question

  A B C Balance Sheet as at 31/12/2004

  ₦ Share capital 200,000 Reserves 100,000 Long term liabilities 40,000 Current liabilities 30,000 370,000

  ₦ Fixed assets 180,000 Investment 100,000 Current assets 50,000 Fictitious assets 40,000370,000

  What is the capital employed?

  Options:
  A) ₦ 340,000
  B) ₦ 200,000
  C) ₦ 300,000
  D) ₦ 170,000
  Show Answer
  The correct answer is C .
• Question 1058: A cheque which a bank draws on its own funds is a? Options:
  A) bankdraft
  B) cashier's cheque
  C) bank cheque
  D) crossed cheque
  Show Answer
  The correct answer is A .
• Question 1059: The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as Options:
  A) excess charges
  B) demurrage charges
  C) permium charges
  D) trade charges
  Show Answer
  The correct answer is B .
• Question 1060: A close indent is an instrument to an agent to Options:
  A) order goods from a particular manufacturer
  B) order goods from any manufacturer
  C) sell gods to any firm
  D) sell goods to a certain firm
  Show Answer
  The correct answer is A .