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 1151: The art of soaping-making is an example of? Options:
  A) primary occupation
  B) secondary occcupation
  C) tertiary occupation
  D) construction occupation
  Show Answer
  The correct answer is B .
• Question 1152: The financial instrument that entitles the holder to receive dividend and capital gains is a? Options:
  A) share
  B) bond
  C) bill of exchange
  D) treasury bill
  Show Answer
  The correct answer is A .
• Question 1153: A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a? Options:
  A) public liability company
  B) joint venture company
  C) limited company
  D) registered company
  Show Answer
  The correct answer is D .
• Question 1154: 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 1155: In e-banking, ATM means Options:
  A) Authentic Teller Manchine
  B) Autmatic Teller Machine
  C) All-purpose Teller Machine
  D) Automated Teller Machine
  Show Answer
  The correct answer is D .
• Question 1156: A document which serves as an order with details of goods required by an intending purchaser is Options:
  A) a freight note
  B) an indent
  C) a bill of landing
  D) a way bill
  Show Answer
  The correct answer is B .
• Question 1157: Mr Amusa says to Mr Bello 'i will sell you this hat for N30'. And Mr Bello replied 'i will pay N29'. The contract is Options:
  A) an offer and acceptance
  B) an implied contract
  C) a complete simple contract
  D) an offer but no acceptance
  Show Answer
  The correct answer is D .
• Question 1158: The comprehensive import supervision scheme was set up by the federal government in order to Options:
  A) reverse Nigeria's unfavourable balance of trade
  B) promote fair trade between Nigeria and other countries
  C) counteract all fraudulent business deals of Nigeria with other nationals
  D) ensue that import into Nigeria are of the correct quality, value and quantity
  Show Answer
  The correct answer is D .
• Question 1159:

  A doctor who attends to patients at home after his official duty is

  Options:
  A) a direct and indirect service worker
  B) a direct service worker
  C) an indirect service worker
  D) a community developer
  Show Answer
  The correct answer is B .
• Question 1160: The legal aspect of business is designed to Options:
  A) protect business organization and consumers
  B) safeguard consumers from undue business practices
  C) protect infant industries from collapse
  D) encourage free exchanges among businesses
  Show Answer
  The correct answer is A .