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: A group of companies is a collection of? Options:
  A) subsidiaries and their holding company
  B) firms
  C) associates and their holding company
  D) industries
  Show Answer
  The correct answer is A .
• Question 132: Extractive industries may also be denominated as Options:
  A) direct industries
  B) servicing industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .
• Question 133: Which of the following requires payment into the payee's account? Options:
  A) Crossed cheque
  B) Traveller's cheque
  C) Open cheque
  D) Certified chegues
  Show Answer
  The correct answer is A .
• Question 134: At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________? Options:
  A) an auctioneer
  B) a broker
  C) a liquidator
  D) an auditor
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  The correct answer is A .
• Question 135: After registration, a certificate of trading is usually issued to a Options:
  A) partnership
  B) public company
  C) private company
  D) sole proprietorship
  Show Answer
  The correct answer is B .
• Question 136: Ships that sail across the ocean and operate on scheduled time tables are? Options:
  A) ferries
  B) ocean liners
  C) tramp steamers
  D) coastal liners
  Show Answer
  The correct answer is B .
• Question 137: A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the? Options:
  A) Securities and Exchanfge commission
  B) commodity market
  C) Nigerian Stock Exchange
  D) Central Bank of Nigeria
  Show Answer
  The correct answer is A .
• Question 138:

  The factors to be considered in setting up retail trade include all except_____

  Options:
  A) Capital
  B) Experience
  C) Location
  D) Age
  Show Answer
  The correct answer is D .
• Question 139: The transformation of cotton into clothings is an example of Options:
  A) secondary production
  B) tertiary production
  C) primary production
  D) direct production
  Show Answer
  The correct answer is A .
• Question 140: In an organization, civic consideration arises from? Options:
  A) the profit derived from the enviroment
  B) its operations witthin the environment
  C) irs social negative impacts on the community
  D) the fact that it is registered in that locality
  Show Answer
  The correct answer is B .