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 1171:

  A business unit in which savings of members are lent to others is a

  Options:
  A) consumer cooperative society
  B) producer cooperative society
  C) credit and thrift society
  D) wholesale cooperative society
  Show Answer
  The correct answer is C .
• Question 1172: In a business organization, the annual operation plan or budget is a form of Options:
  A) casual plan
  B) medium-term plan
  C) long-term plan
  D) short-term plan
  Show Answer
  The correct answer is D .
• Question 1173: When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is Options:
  A) product
  B) price
  C) promotion
  D) place
  Show Answer
  The correct answer is D .
• Question 1174:

  The main documents sent to an importer of goods by the exporter are

  Options:
  A) bill of lading, invoice, insurance policy, consular invoice, certificate of origin and bill of exchange
  B) indent, bill of lading, certificate of origin, invoice and bill of exchange
  C) certificate of origin, bill of exchange, invoice, insurance policy, indent and bil of lading
  D) invoice, consular invoice, certificate of origin, freight note, indent and insurance policy
  Show Answer
  The correct answer is A .
• Question 1175: 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 1176: 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 .
• Question 1177:

  Which of the following regulates and controls the activities in the Nigeria Stock Exchange?

  Options:
  A) SEC
  B) CBN
  C) BPE
  D) NDIC
  Show Answer
  The correct answer is A .
• Question 1178:

  When a share with a nominal value of #50 is quoted at #70, it is being sold

  Options:
  A) cum div
  B) ex-div
  C) at a discount
  D) at a premium
  Show Answer
  The correct answer is D .
• Question 1179:

  

  The capital owned is

  Options:
  A) ₦2,740
  B) ₦1,350
  C) ₦1,150
  D) ₦570
  Show Answer
  The correct answer is D .
• Question 1180:

  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 .