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 1471:

  The following development of money have therefore been the use of, except______

  Options:
  A) Coins
  B) Inconvertible paper money
  C) Commodities
  D) Abacus
  Show Answer
  The correct answer is D .
• Question 1472: The main advantage of road transport is that it is Options:
  A) convenient and flexible
  B) cheap and direct
  C) common and fast
  D) safe and available
  Show Answer
  The correct answer is A .
• Question 1473: The most important attributes in a sale of goods contract are? Options:
  A) offer and consideration
  B) price and goods
  C) offer and acceptance
  D) demand and supply
  Show Answer
  The correct answer is C .
• Question 1474: The practice whereby government relinquishes its ownership interest in a public enterprises is? Options:
  A) commercialization
  B) indegenization
  C) privatization
  D) nationalization
  Show Answer
  The correct answer is C .
• Question 1475: The acronym PLC is used to identify a? Options:
  A) company limited by shares
  B) private company limited by shares
  C) public company limited by shares
  D) company limited by guarantee
  Show Answer
  The correct answer is C .