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 131: Privatization is concerned with? Options:
  A) equal ownership between the public and the governement
  B) thje dilution of ownership among the public
  C) the individual ownership of companies
  D) governement ownership of companies
  Show Answer
  The correct answer is C .
• Question 132: In the event of the liquidation of a company, the first to be settled are? Options:
  A) debenture holders
  B) members of the board
  C) preference shareholders
  D) ordinary shareholders
  Show Answer
  The correct answer is A .
• Question 133: Which of the following will not be stated in a Memorandum of Association Options:
  A) Name clause
  B) rights of shareholders
  C) object clause
  D) registered office
  Show Answer
  The correct answer is C .
• Question 134: The promotion of savings culture is a feature of a? Options:
  A) trade association
  B) consumers' cooperative society
  C) thirft cooperative society
  D) business association
  Show Answer
  The correct answer is C .
• Question 135:

  The marketing term which regards the consumer as king that must be satisfied is

  Options:
  A) market segmentation
  B) market research
  C) marketing concept
  D) marketing mix
  Show Answer
  The correct answer is C .
• Question 136:

  

  The document represents a

  Options:
  A) Bill of exchange
  B) Cheque
  C) Money order
  D) A. Promissory note
  Show Answer
  The correct answer is A .
• Question 137: A business organization that exploits the capabilities of a member to remedy the weaknesses of another is Options:
  A) joint venture
  B) partnership
  C) nominal partnership
  D) cooperative
  Show Answer
  The correct answer is D .
• Question 138: The mode of transporting crude oil to the ports for export purposes is by Options:
  A) tanker
  B) rail
  C) road
  D) pipeline
  Show Answer
  The correct answer is D .
• Question 139: Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu Options:
  A) is entitled always to a cumulative dividends accruing from the shares
  B) is entitled to the next dividends due to the shares
  C) will not be entitled to the next dividends due to the shares
  D) still owes N3 on the shares which will be subtracted from the dividends
  Show Answer
  The correct answer is B .
• Question 140: Insurance against burglary is an example of Options:
  A) indemnity insurance
  B) fidelity guarantee insurance
  C) non-insurable risk
  D) non-indemnity insurance
  Show Answer
  The correct answer is A .