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: Safeguarding the health of the nation' is the slogan used by? Options:
  A) NDLEA
  B) NHIS
  C) NAFDAC
  D) EPL
  Show Answer
  The correct answer is C .
• Question 1232:

  Transportation, retailing and wholesaling industries rely heavily on?

  Options:
  A) banking
  B) insurance
  C) manufacturing
  D) railway
  Show Answer
  The correct answer is C .
• Question 1233: The term Plc implies that the are available Options:
  A) to the public at the company
  B) privately on the stock exchange
  C) publicly on the stock exchange
  D) publicly in commericial banks
  Show Answer
  The correct answer is C .
• Question 1234: Funds used for paying wages, salaries and payments for raw materials are categorized under Options:
  A) liquid capital
  B) circulating capital
  C) fixed capital
  D) nominal capital
  Show Answer
  The correct answer is B .
• Question 1235:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 1236:

  A form of money with face value which is greater than the value of the metal contents is

  Options:
  A) bank notes
  B) legal tender
  C) commodity money
  D) token money
  Show Answer
  The correct answer is D .
• Question 1237: A country's terms of trade are said to improve when the ratio of her export Options:
  A) decreases
  B) remains constant
  C) increases
  D) equals import
  Show Answer
  The correct answer is C .
• Question 1238: Freight note is a document Options:
  A) used by government to transport goods from one country to another
  B) issued by a shipping company giving details of charges
  C) used for payment for imported goods
  D) given by an importer to pay for goods at a future period
  Show Answer
  The correct answer is B .
• Question 1239:

  Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

  Options:
  A) Private limited liability
  B) Public limited liability
  C) Partnership
  D) Co-operative society
  Show Answer
  The correct answer is A .
• Question 1240: The secretariat of the Niger Basin Commission is located at Options:
  A) Ouagadougou, Burkina Faso
  B) Abuja, Nigeria
  C) Niamey, Niger
  D) Bamako, Mali
  Show Answer
  The correct answer is C .