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 1411: A predominant make-up language for web pages is the? Options:
  A) IP
  B) HTTP
  C) HTML
  D) TCP
  Show Answer
  The correct answer is B .
• Question 1412:

  Communication process involves the transmission of a message over a selected channel to the

  Options:
  A) encoder
  B) receiver
  C) audience
  D) sender
  Show Answer
  The correct answer is B .
• Question 1413: The excess of the assets over the liabilities of a business is called? Options:
  A) working capital
  B) net worth
  C) capital employed
  D) initial capital
  Show Answer
  The correct answer is B .
• Question 1414:

  Which of the following regulates and controls the activities in the Nigeria Stock Exchange?

  Options:
  A) SEC
  B) CBN
  C) BPE
  D) NDIC
  Show Answer
  The correct answer is A .
• Question 1415: In Nigeria, the main source of pollution is? Options:
  A) domestic waste
  B) oganic waste
  C) gas flaring
  D) industral waste
  Show Answer
  The correct answer is D .
• Question 1416: Who is the offeree in this contract ? Options:
  A) Musa
  B) Audu
  C) Adamu
  D) Jacob
  Show Answer
  The correct answer is C .
• Question 1417: The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm? Options:
  A) #24,000
  B) #46,500
  C) #62,500
  D) #65,000
  Show Answer
  The correct answer is C .
• Question 1418: Which of the following is a development bank in Nigeria? Options:
  A) Union Bank Plc
  B) First Bank Plc
  C) First City Monument Bank
  D) Federal Mortgage Bank
  Show Answer
  The correct answer is D .
• Question 1419: The agreement of insurers to spread risks among themselves is a major feature of? Options:
  A) reinsurance
  B) life insurance
  C) underwriter
  D) marine insurance
  Show Answer
  The correct answer is A .
• Question 1420: Which of the following statement is true of preferred stockholders? Options:
  A) They have no voting rights at annual general meetings
  B) They first claim company asset before creditors
  C) The have first claim to company asset after all debts have been settled
  D) They share dividends equally with common shareholders
  Show Answer
  The correct answer is A .