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: 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 .
• Question 132: The difference between total current assets and total current liabilities of a business is known as Options:
  A) quick ratio
  B) liquidity ratio
  C) working capital
  D) circulating capital
  Show Answer
  The correct answer is C .
• Question 133: The main thrust of government policy of evolving good business environment in Nigeria is the need Options:
  A) to attract local and foreign investors
  B) for more export commodities
  C) for consumer oriented products
  D) to have viable local markets
  Show Answer
  The correct answer is A .
• Question 134: Consumer sovereignty means that they consumer is Options:
  A) a citizen
  B) always independent
  C) always wrong
  D) always right
  Show Answer
  The correct answer is D .
• Question 135: Intranet differs from extranet in that the former? Options:
  A) requires a modem before it could be used
  B) can generally be accessed by the public
  C) is restricted to employees of an organization
  D) requires internet protocols
  Show Answer
  The correct answer is A .
• Question 136: Charges for loans paid by commercial banks to the Central Bank of Nigeria are called? Options:
  A) bank rates
  B) credits charges
  C) interest rates
  D) bank charges
  Show Answer
  The correct answer is A .
• Question 137: Government policies relating to the establishment and operation of business are targeted at Options:
  A) increasing the profit of business owners
  B) the general improvement of the economy
  C) even spread of facilities and employment
  D) diversification and expansion of business
  Show Answer
  The correct answer is B .
• Question 138: If a business uses part of its profit to develop the area where it operates, the business is fulfilling its ______ Options:
  A) economic responsibilities
  B) marketing responsibilities
  C) social responsibilities
  D) managerial responsibilities
  Show Answer
  The correct answer is C .
• Question 139:

  The duties paid on goods produced locally is

  Options:
  A) Ad-valorem duty
  B) excise duty
  C) export duty
  D) quota
  Show Answer
  The correct answer is B .
• Question 140: The insurance principle that allows an insurance an insurance company to take over the rights of the insured once he has been compensated is Options:
  A) indemnity
  B) proximate cause
  C) utmost good faith
  D) subrogation
  Show Answer
  The correct answer is D .