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 1071: The form of business financing which involves pledging of a specific asset is Options:
  A) debenture
  B) mortgage
  C) loan
  D) bond
  Show Answer
  The correct answer is B .
• Question 1072: The principle of subrogation stated that Options:
  A) An insured person should be indemnified to the time of the amount insured
  B) An insurance company constant in lace of the insured in dealing with third party.
  C) Only a person who is likely to suffer loss hold take out an insurance cover
  D) There must be accuse connection between the actual loss suffered and risk insure
  Show Answer
  The correct answer is B .
• Question 1073: An account maintained with a commercial bank for the purpose of foreign exchange transaction is the? Options:
  A) foreign account
  B) international account
  C) domiciliary account
  D) foreign reserves account
  Show Answer
  The correct answer is C .
• Question 1074:

  

  Use the diagram above to answer this question

  In the communication process, Y represents

  Options:
  A) the encoder
  B) the initiator
  C) noise
  D) the medium
  Show Answer
  The correct answer is D .
• Question 1075: The efficiency of an organization is enhanced by? Options:
  A) government assistance
  B) the host community
  C) customer support
  D) skilled manpower
  Show Answer
  The correct answer is D .
• Question 1076: Which of the following statement is true of preferred stockholders? Options:
  A) They have no voting rights at annual general meetings
  B) They first claim company asset before creditors
  C) The have first claim to company asset after all debts have been settled
  D) They share dividends equally with common shareholders
  Show Answer
  The correct answer is A .
• Question 1077:

  A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

  Options:
  A) pre-emptive right
  B) over-subscription right
  C) ex-dividend right
  D) shareholders right
  Show Answer
  The correct answer is A .
• Question 1078: The scope of economic activities can be enlarged by Options:
  A) transportation and trading
  B) business and its promotion
  C) trading and aids to trade
  D) insurance and banking
  Show Answer
  The correct answer is C .
• Question 1079:

  A printer that burns the print image into the photosensitive drum is called?

  Options:
  A) dot matrix printer
  B) laser printer
  C) daisy wheel printer
  D) thermal printer
  Show Answer
  The correct answer is B .
• Question 1080: The allocation of tasks to different skills in a production process is referred to as Options:
  A) production technique
  B) production function
  C) division of labour
  D) delegation of responsibility
  Show Answer
  The correct answer is C .