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 161: The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is Options:
  A) arbitage
  B) franco
  C) contango
  D) backwardation
  Show Answer
  The correct answer is D .
• Question 162: The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as Options:
  A) excess charges
  B) demurrage charges
  C) permium charges
  D) trade charges
  Show Answer
  The correct answer is B .
• Question 163: Which Commerce Question Paper is given to you? Options:
  A) Type A
  B) Type B
  C) Type C
  D) Type D
  Show Answer
  The correct answer is B .
• Question 164: 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 165:

  Which of the following is not an objective of ECOWAS?

  Options:
  A) promotion of a common language
  B) improvement of infrastructural facilities
  C) encouragement of free movement of people
  D) encouragement of trade among member countries
  Show Answer
  The correct answer is A .
• Question 166: Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to? Options:
  A) land pollution
  B) water pollution
  C) land and water pollution
  D) air and water pollution
  Show Answer
  The correct answer is C .
• Question 167:

  The management function that makes the difference in intensity of behavior is

  Options:
  A) controlling
  B) motivation
  C) coordinating
  D) planning
  Show Answer
  The correct answer is B .
• Question 168: The government agency involved in issuing of export licences is _______? Options:
  A) Nigeria Export Processing Zone
  B) Nigeria Export Promotion council
  C) Nigeria Port Authority
  D) Customs and Excise Authority
  Show Answer
  The correct answer is B .
• Question 169:

  The document with which a manufacturing enterprises releases stock of raw materials to the factory for product is called?

  Options:
  A) stock releases form
  B) goods received note
  C) stock issues voucher
  D) materials release note
  Show Answer
  The correct answer is C .
• Question 170:

  In Nigeria, the ministry in charge of registering trade association is that of

  Options:
  A) Culture and tourism
  B) Finance
  C) Industries
  D) Commerce
  Show Answer
  The correct answer is D .