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 1421: The instrument used in the capital market is? Options:
  A) treasury bills
  B) bill of exchange
  C) stock
  D) debenture
  Show Answer
  The correct answer is C .
• Question 1422:

  The share capital value that forms part of the balance sheet total is the

  Options:
  A) issued share capital
  B) called-up share capital
  C) authorised share capital
  D) paid-up share capital
  Show Answer
  The correct answer is A .
• Question 1423: In the long run, all factors of production are? Options:
  A) fixed
  B) variable
  C) marginal
  D) constant
  Show Answer
  The correct answer is B .
• Question 1424:

  The last link in a channel of distribution is the

  Options:
  A) wholesaler
  B) retailer
  C) consumer
  D) agent
  Show Answer
  The correct answer is C .
• Question 1425: The internet is a system of telecommunications used for? Options:
  A) communicating long-distance messages
  B) sending and recieving text massages
  C) sending electronic messages
  D) communicating messages through telegrams
  Show Answer
  The correct answer is C .
• Question 1426: The merchant wholesaler is referred to as Options:
  A) del-credere agent
  B) a broker
  C) rack jobber
  D) a factor
  Show Answer
  The correct answer is A .
• Question 1427: Tourists with no fixed address in a town may receive their letters from post office through a Options:
  A) poste restante
  B) parcel post
  C) private mail bag
  D) recorded delivery
  Show Answer
  The correct answer is A .
• Question 1428: What document is required when a country imposes ad valorem import duties on goods? Options:
  A) A mail transfer
  B) A shipping note
  C) A billb of lading
  D) A consular invoice
  Show Answer
  The correct answer is B .
• Question 1429:

  The art of soap making is an example of

  Options:
  A) tertiary occupation
  B) construction occupation
  C) primary occupation
  D) secondary occupation
  Show Answer
  The correct answer is D .
• Question 1430:

  An association formed by computer distributors to safeguard and promote their interest is a

  Options:
  A) chamber of commerce
  B) cooperative society
  C) trade association
  D) trade union
  Show Answer
  The correct answer is C .