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 1231: Bank overdraft as a short term source of fund is Options:
  A) an overdrawn account
  B) granted to a newly opened account
  C) repayable after more than a year
  D) a current liability
  Show Answer
  The correct answer is A .
• Question 1232: Which of these companies offers after-sales services? Options:
  A) iv
  B) iii
  C) ii
  D) i
  Show Answer
  The correct answer is C .
• Question 1233: One disadvantages of advertising is that it — Options:
  A) could be misleading
  B) decreases sales
  C) reduces profit
  D) causes over stocking
  Show Answer
  The correct answer is A .
• Question 1234: The environmental hazard that is most difficult to control is Options:
  A) land pollution
  B) water pollution
  C) air pollution
  D) political unrest
  Show Answer
  The correct answer is C .
• Question 1235: An employer insures against his employees' dishonesty by taking up? Options:
  A) fidelity guarantee insurance
  B) accident insurance
  C) group life assurance
  D) endowment policy
  Show Answer
  The correct answer is A .
• Question 1236: The development of commercial activities in Nigeria was facilitated largely by Options:
  A) a good transport system
  B) the indigenization decree
  C) a convenient medium of exchange
  D) a high level of production
  Show Answer
  The correct answer is C .
• Question 1237: The temporary insurance certificate issued to the insured before drawing up a policy is a? Options:
  A) cover note
  B) testimonial
  C) time policy
  D) proposal form
  Show Answer
  The correct answer is A .
• Question 1238:

  A contract will not be discharge through

  Options:
  A) acceptance
  B) agreement
  C) breach
  D) performance
  Show Answer
  The correct answer is A .
• Question 1239: Which of the following regulates and controls the activities in the Nigerian Stock Exchange? Options:
  A) BPE
  B) SEC
  C) NDIC
  D) CBN
  Show Answer
  The correct answer is B .
• Question 1240: The conversion of raw materials into finished goods leads to the creation of? Options:
  A) form utility
  B) product utility
  C) possession utility
  D) place utility
  Show Answer
  The correct answer is A .