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:

  

  What is the working capital as at December 31, 1992?

  Options:
  A) ₦65 250
  B) ₦60 000
  C) ₦48 650
  D) ₦41 950
  Show Answer
  The correct answer is D .
• Question 1072:

  The duties paid on goods produced locally is

  Options:
  A) Ad-valorem duty
  B) excise duty
  C) export duty
  D) quota
  Show Answer
  The correct answer is B .
• Question 1073:

  The resources put together to create goods and services are

  Options:
  A) working capital
  B) producer goods
  C) factors of production
  D) consumer goods
  Show Answer
  The correct answer is C .
• Question 1074:
  

  Use the information above to answer the question below.

  What is the owners' equity?

  Options:
  A) N 250 000
  B) N 300 000
  C) N 420 000
  D) N 200 000
  Show Answer
  The correct answer is A .
• Question 1075: A device that enables the downloading of information from the internet is the? Options:
  A) floppy drive
  B) compact disk
  C) modem
  D) bluetooth
  Show Answer
  The correct answer is C .
• Question 1076: A software application which enables a user to display and interact with texts, images and videos is the? Options:
  A) web server
  B) Internet Protocol
  C) coreldraw
  D) web browser
  Show Answer
  The correct answer is C .
• Question 1077: Which of the following requires payment into the payee's account? Options:
  A) Crossed cheque
  B) Traveller's cheque
  C) Open cheque
  D) Certified chegues
  Show Answer
  The correct answer is A .
• Question 1078:

  Nigerian Police Authority

  Options:
  A) Nigerian Police Authority
  B) Nigerian Ports Authority
  C) National Ports Authority
  D) National Police Authority
  Show Answer
  The correct answer is B .
• Question 1079: A group of companies is a collection of? Options:
  A) subsidiaries and their holding company
  B) firms
  C) associates and their holding company
  D) industries
  Show Answer
  The correct answer is A .
• Question 1080: Rights issue means the Options:
  A) issue of shares to the directors of a company on favourable terms
  B) Issue of shares by a company only to the founders of the company
  C) right of shareholders to vote on any issue
  D) issue of shares to shareholders on favourable terms
  Show Answer
  The correct answer is D .