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 1301: The major condition for obtaining loan in thrift, credit and loans cooperative societies is Options:
  A) provision of collateral security
  B) a high level of education
  C) possesssion of a large business
  D) an approved project plan
  Show Answer
  The correct answer is A .
• Question 1302:

  A business unit in which savings of members are lent to others is a

  Options:
  A) consumer cooperative society
  B) producer cooperative society
  C) credit and thrift society
  D) wholesale cooperative society
  Show Answer
  The correct answer is C .
• Question 1303: 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 1304: The computer that functions by taking discrete numbers and performing mathematical calculations is called? Options:
  A) mainframe
  B) digital
  C) hybride
  D) analogue
  Show Answer
  The correct answer is C .
• Question 1305: The main advantage of road transport is that it is Options:
  A) convenient and flexible
  B) cheap and direct
  C) common and fast
  D) safe and available
  Show Answer
  The correct answer is A .
• Question 1306: Risk bearing in business organisation is a function of the _____ Options:
  A) employees
  B) customers
  C) entrepreneur
  D) manager
  Show Answer
  The correct answer is C .
• Question 1307: The coming together of a manufacturing business with a firm that markets its products is Options:
  A) backward integration
  B) a consortium
  C) forward integration
  D) a syndicate
  Show Answer
  The correct answer is C .
• Question 1308: Construction activities include the building of houses and roads as well as Options:
  A) brick laying
  B) shoe making
  C) black smithing
  D) car assembling
  Show Answer
  The correct answer is A .
• Question 1309: From which of the following sources can partnerships increase their capital? Options:
  A) Admission of a new partner
  B) Sale of shares
  C) Discharge of a mortage
  D) initial capital
  Show Answer
  The correct answer is A .
• Question 1310: Cum div differs from ex div in that, the later Options:
  A) entitles the purchaser to recieve a company's current dividend
  B) entitles the vendor to recieve a company's current dividend
  C) confirms a purchase or sale made on behalf of a share holder
  D) is a document used to transfer ownership of shares
  Show Answer
  The correct answer is A .