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: The Central Bank differs from commercial banks because it? Options:
  A) renders service to customers
  B) carries out foreign exchange transactions
  C) issues currencies
  D) discounts bills
  Show Answer
  The correct answer is C .
• Question 1172:

  Which is the fastest means of transportation?

  Options:
  A) Water
  B) air
  C) rail
  D) Road
  Show Answer
  The correct answer is B .
• Question 1173:

  Which of the following attracts only interest but leaves the capital unpaid?

  Options:
  A) uberrimae fidei
  B) subrogation
  C) contribution
  D) redeemable bond
  Show Answer
  The correct answer is D .
• Question 1174: 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 1175: Taking a new product to a particular part of a country to test the reaction of consumers to the product referred to as Options:
  A) sales promotion
  B) sampling
  C) merchandizing
  D) advertising
  Show Answer
  The correct answer is A .
• Question 1176: The Nigerian Stock Exchange publishes a daily official list that gives full information on the? Options:
  A) method of transation agreed to by members
  B) number of participating members in a day
  C) changes in the prices and earnings of securities
  D) changes in the official rules set by the market
  Show Answer
  The correct answer is C .
• Question 1177:

  The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

  Options:
  A) organizing
  B) planning
  C) directing
  D) controlling
  Show Answer
  The correct answer is B .
• Question 1178:

  In a law of contract, what is given in exchange for a promise to perform is_____

  Options:
  A) offer
  B) acceptance
  C) warranty
  D) consideration
  Show Answer
  The correct answer is D .
• Question 1179:

  All but one does not provide an Indirect Service?

  Options:
  A) Custom Officers
  B) Family Doctors
  C) Civil Servants
  D) Law Makers
  Show Answer
  The correct answer is A .
• Question 1180: An agent who brings a customer into business contact with his principle is known as? Options:
  A) a del credere agent
  B) an auctioneer
  C) a factor
  D) a broker
  Show Answer
  The correct answer is D .