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 agency that currently oversees the privatization and commercialization processes in Nigeria is the

  Options:
  A) Nigerian Stock Exchange
  B) Technical Committee on Privatization and Commercialization
  C) Securities and exchange commission
  D) Bureau of public enterprises
  Show Answer
  The correct answer is D .
• Question 1172:

  

  What is Ojo's working capital?

  Options:
  A) N 2150
  B) N 1950
  C) N1800
  D) N 1150
  Show Answer
  The correct answer is D .
• Question 1173:

  What are the factors with which commercial undertaking can be distinguish?

  I Size of the undertaking

  II Profits generated

  III Forms of ownership

  IV Location of the undertaking

  Options:
  A) I and II only
  B) I andIII only
  C) II and III only
  D) III and IV only
  Show Answer
  The correct answer is B .
• Question 1174:

  A bear market is said to be in existence in a period of

  Options:
  A) Boom
  B) Stump
  C) Bullish
  D) Stagflation
  Show Answer
  The correct answer is B .
• Question 1175: An insured risk which occurs accidentally as a result of deflects in a ship is? Options:
  A) a voyage policy
  B) a total loss
  C) an emergency
  D) a particular average
  Show Answer
  The correct answer is D .
• Question 1176: The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is? Options:
  A) demographic evironment
  B) economic evironment
  C) cultural environment
  D) natural environment
  Show Answer
  The correct answer is A .
• Question 1177: The coordinating section of the central processing unit that manages the flow of data is the? Options:
  A) arithematic logic unit
  B) control unit
  C) magnetic unit
  D) register
  Show Answer
  The correct answer is B .
• Question 1178:

  The document with which a manufacturing enterprises releases stock of raw materials to the factory for product is called?

  Options:
  A) stock releases form
  B) goods received note
  C) stock issues voucher
  D) materials release note
  Show Answer
  The correct answer is C .
• Question 1179:

  Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by

  Options:
  A) bankruptcy
  B) breach
  C) lapse of time
  D) frustration
  Show Answer
  The correct answer is D .
• Question 1180: An example of indirect service is rendered by Options:
  A) civil servants
  B) family doctors
  C) household servant
  D) entertainers
  Show Answer
  The correct answer is A .