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 1391: The marketing approach by which a firm carries out detailed analysis of itself, the consumers and its competitors is known as? Options:
  A) market analysis
  B) marketing mix analysis
  C) marketing opportunities analysis
  D) market survey
  Show Answer
  The correct answer is D .
• Question 1392: A computer component that decodes and interprets instructions and also directs program implementation is? Options:
  A) memory unit
  B) central processing unit
  C) control unit
  D) system unit
  Show Answer
  The correct answer is B .
• Question 1393: The development of commerce in west Africa was not hampered by Options:
  A) Inadequate capital
  B) Inadequate means of transportation
  C) Insurance
  D) Low savings
  Show Answer
  The correct answer is B .
• Question 1394: 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 1395: A warehouse which is used to store goods whose customs duty is not yet paid is a? Options:
  A) wholesale warehouse
  B) bonded warehouse
  C) public warehouse
  D) branded warehouse
  Show Answer
  The correct answer is B .
• Question 1396:

  A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.

  If the shares were fully subscribed, calculate the issued capital?

  Options:
  A) N4 000 000
  B) N2 000 000
  C) N1 000 000
  D) 500 000
  Show Answer
  The correct answer is D .
• Question 1397: A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank Options:
  A) Bank draft
  B) Bankers’ order
  C) Promissory note
  D) Travelers cheque
  Show Answer
  The correct answer is B .
• Question 1398: In case of a liquidation of a public limited liability company, those that are first paid are Options:
  A) ordinary shareholders
  B) prefernce shareholders
  C) cumulative preference shareholders
  D) debenture holders
  Show Answer
  The correct answer is D .
• Question 1399: The most important business objective is to Options:
  A) improve investments
  B) provide quality products
  C) target consumers for satisfaction
  D) carve a niche for the business
  Show Answer
  The correct answer is C .
• Question 1400:

  The temporary working area of the control processing unit is called the?

  Options:
  A) CD-ROM
  B) CD-RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is D .