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 11: A good financial instrument which serves as a hedge against inflation is? Options:
  A) a bond
  B) a share
  C) an opion
  D) a warrant
  Show Answer
  The correct answer is A .
• Question 12: The lumbering of trees by a furniture company is an example of Options:
  A) primary production
  B) secondary production
  C) tertiary production
  D) direct production
  Show Answer
  The correct answer is A .
• Question 13: The rate at which a country's exports exchange for its imports is called Options:
  A) balance of payments
  B) balance of trade
  C) terms of payment
  D) terms of trade
  Show Answer
  The correct answer is D .
• Question 14: One of the inputs in production that can be motivated by remuneration is Options:
  A) capital
  B) enterpreneur
  C) labour
  D) land
  Show Answer
  The correct answer is C .
• Question 15: The fees charged on postal order by the post office is _____? Options:
  A) interest
  B) brokerage
  C) poundage
  D) premium
  Show Answer
  The correct answer is C .
• Question 16: An acquired firm in a merger will always receive a? Options:
  A) premium
  B) grant
  C) share
  D) discount
  Show Answer
  The correct answer is C .
• Question 17: A feature common to privatization and commercialization is? Options:
  A) profit-making
  B) credit sales
  C) market expansion
  D) price increases
  Show Answer
  The correct answer is A .
• Question 18: Consumer rights include the right to? Options:
  A) credit
  B) free samples of a product
  C) redress
  D) a shre of profits
  Show Answer
  The correct answer is C .
• Question 19: Which of the following items has the shortest effect on the consumer Options:
  A) fashion
  B) innovation
  C) fad
  D) attribute
  Show Answer
  The correct answer is B .
• Question 20: The Stock Exchange is a market where? Options:
  A) long-term securities are sold
  B) all types of securities are sold
  C) short-term securities are sold
  D) medium-term securities are sold
  Show Answer
  The correct answer is B .