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 1141: The main requirement for admission to the second-tier securities markets is the? Options:
  A) provision of a three-year trading record
  B) disclosure of all trading activities
  C) creation of a good atmosphere for growth and development
  D) guranteeing dividends to shareholders
  Show Answer
  The correct answer is B .
• Question 1142: Compulsory dissolution of a business can arise from Options:
  A) an agreement by the owners
  B) a declaration by a court of law
  C) the termination of its life
  D) an unfavourable economic climtate
  Show Answer
  The correct answer is B .
• Question 1143: The overriding advantage of home trade over foreign trade is Options:
  A) accessibility of seller to buyer
  B) absence of many documents
  C) ease in language of transaction
  D) ease in form of payment
  Show Answer
  The correct answer is A .
• Question 1144: An undertaking given by a person to another assuring his integrity is Options:
  A) proximate cause
  B) fidelity quarantee
  C) subrogation
  D) insurable interest
  Show Answer
  The correct answer is B .
• Question 1145: Initial public offering is undertaken through the? Options:
  A) secondary securities market
  B) first-tier securities market
  C) primary securities
  D) second-tier securities market
  Show Answer
  The correct answer is B .
• Question 1146:

  The function of a merchant wholesaler is to

  Options:
  A) find markets for producers' finished goods
  B) bring buyers and sellers together
  C) possess title to the goods, store and sell to retailers
  D) buy in bulk, store and sell to retailers as desired
  Show Answer
  The correct answer is C .
• Question 1147:

  The difference between a chamber of commerce and a trade association is that the former

  Options:
  A) is not restricted to a particular industry
  B) is a branch of trade that sells product
  C) consists of members engaged in the same trade
  D) are association of individuals or firms
  Show Answer
  The correct answer is A .
• Question 1148:

  Rights issue means the?

  Options:
  A) issue of shares to the directors of a company.
  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 favorable terms
  Show Answer
  The correct answer is B .
• Question 1149: If Mr. Bacus fulfills his promise, he will be entitled to a cash discount of? Options:
  A) N2,760
  B) N3,000
  C) 6,500
  D) 9,500
  Show Answer
  The correct answer is B .
• Question 1150: Which of the following is an example of a conglomerate? Options:
  A) National Electric Power Authority
  B) United Africa Company Nigeria Plc
  C) The Nigeria Railway Corporation
  D) First Bank of Nigeria Plc
  Show Answer
  The correct answer is B .