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 111:

  

  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 112: The promotion and protection of trade industry and agriculture through trade fairs is a function of Options:
  A) NACRDB
  B) NACCIMA
  C) the consumer protection council
  D) the chamber of commerce
  Show Answer
  The correct answer is D .
• Question 113: The most effective type of advertising for branded products is Options:
  A) mass advertising
  B) persuasive advertising
  C) informative advertising
  D) competitive advertising
  Show Answer
  The correct answer is C .
• Question 114: A crossed cheque with the inscription 'not negotiable' must be paid into the? Options:
  A) current account of the drawer
  B) current account of the payee
  C) savings account of the payee
  D) fixed account of the payee
  Show Answer
  The correct answer is B .
• Question 115:

  Payment made to a carrier for transportation of goods is

  Options:
  A) freight
  B) fee
  C) fare
  D) duty
  Show Answer
  The correct answer is A .
• Question 116: Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized Options:
  A) companies
  B) brokers
  C) investors
  D) principals.
  Show Answer
  The correct answer is B .
• Question 117:

  NACCIMA stands for

  Options:
  A) Nigerian American Centre for Culture, Industries, Mines and Arts
  B) Nigerian Association for Culture, Civics, Industries, Minerals and arts Arts
  C) National Agency for Culture, Civilization, Investment, Manufacturing and Agriculture
  D) Nigeria Association of Chambers of Commerce, Industries, Mines and Agriculture
  Show Answer
  The correct answer is D .
• Question 118: The major responsibility of an entrepreneur is? Options:
  A) Employing all factors of production in the business
  B) coordinating and determining the proportion of what to produce
  C) planning and organizing all activities in the business
  D) directing and controlling all the affairs of the business
  Show Answer
  The correct answer is A .
• Question 119: A royal charter was granted to the Royal Niger Company to do business in Nigeria in Options:
  A) December 1888
  B) May 1887
  C) July 1886
  D) August 1885
  Show Answer
  The correct answer is C .
• Question 120:

  

  Use the above table to answer this question.

  What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?

  Options:
  A) Indemnity
  B) Insurable interest
  C) Uberrimae fidei
  D) Subrogation
  Show Answer
  The correct answer is C .