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: A major disadvantage of the privatization policy is that? Options:
  A) the economy would be private-sector-led
  B) citizens would benefit less from government
  C) more money would be bought into circulation
  D) government would loss control of the economy
  Show Answer
  The correct answer is D .
• Question 1232:

  An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

  Options:
  A) Telephone
  B) Telegram
  C) Telex
  D) NITEL
  Show Answer
  The correct answer is B .
• Question 1233:

  The quality of money which makes it possible to buy goods in small quantities is

  Options:
  A) portability
  B) homogeneity
  C) divisibility
  D) durability
  Show Answer
  The correct answer is C .
• Question 1234: Public debt management is one of the functions of a? Options:
  A) merchant bank
  B) central bank
  C) commercial bank
  D) development bank
  Show Answer
  The correct answer is B .
• Question 1235:

  One of these is a current asset

  Options:
  A) Fittings
  B) Machineries
  C) Motor vehicles
  D) stock
  Show Answer
  The correct answer is D .
• Question 1236: Hire purchase is beneficial to the seller because? Options:
  A) it enhances his living standard
  B) it increases his turnover
  C) people pay instalmentally
  D) of the patronage he enjoys
  Show Answer
  The correct answer is B .
• Question 1237:

  

  The organizational structure above represents

  Options:
  A) line and functional structure
  B) line and staff structure
  C) functional structure
  D) line structure
  Show Answer
  The correct answer is B .
• Question 1238: The document which can be exchange for a bill of lading is? Options:
  A) freight note
  B) mate receipt
  C) export invoice
  D) ship report
  Show Answer
  The correct answer is A .
• Question 1239: Commerce is defined as the study of how Options:
  A) man utilizes the resources in his physical environment
  B) man produces, distributes and consumes his goods and services
  C) man buys, sells and distributes goods and services
  D) raw materials are changed into finished goods
  Show Answer
  The correct answer is B .
• Question 1240: The sale of of foreign investment and gold reserves can be used to? Options:
  A) correct adverse balance of trade
  B) increase invisible imports
  C) correct adverse balance of payment
  D) correct a budget deficit
  Show Answer
  The correct answer is A .