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 1131:

  The share value stated on a share certificate is

  Options:
  A) above par value
  B) below par value
  C) market value
  D) nominal value
  Show Answer
  The correct answer is D .
• Question 1132: Consumer sovereignty means that they consumer is Options:
  A) a citizen
  B) always independent
  C) always wrong
  D) always right
  Show Answer
  The correct answer is D .
• Question 1133:

  A form of money which was not used in the early days of trade is

  Options:
  A) tobacco
  B) metal bars
  C) cowries
  D) coins
  Show Answer
  The correct answer is C .
• Question 1134: When a business enterprise provides free service to its environment, the service is said to be a Options:
  A) civic responsibility
  B) philanthropic consideration
  C) social responsibility
  D) political consideration
  Show Answer
  The correct answer is C .
• Question 1135: Partnership are most suitable where Options:
  A) the partners are family friends
  B) professionals are involved
  C) members can easily rasie enough capital
  D) government regulations are favourable
  Show Answer
  The correct answer is B .
• Question 1136: The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is Options:
  A) caveat emptor
  B) uberrimae fidei
  C) demurrage
  D) jettison
  Show Answer
  The correct answer is D .
• Question 1137: In the line type of organizational structure, Options:
  A) the lines of authority are vertical
  B) there is the application of division of labour
  C) specialization is carried to a maximum degree
  D) the lines of authority are horizontal
  Show Answer
  The correct answer is C .
• Question 1138: A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the Options:
  A) medium
  B) theme
  C) targer
  D) reach
  Show Answer
  The correct answer is A .
• Question 1139: Safeguarding the health of the nation' is the slogan used by? Options:
  A) NDLEA
  B) NHIS
  C) NAFDAC
  D) EPL
  Show Answer
  The correct answer is C .
• Question 1140: The major achievement of ECOWAS is? Options:
  A) the expansion of regional trade
  B) the emergance of a monetary union
  C) infrastructural development in member countries
  D) mobility of labour among member countries
  Show Answer
  The correct answer is A .