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 21: Money can simply be referred to as a? Options:
  A) medium of exchange
  B) means for the settlement of debts
  C) durable assets for doing business
  D) standard of value
  Show Answer
  The correct answer is A .
• Question 22: Balance of payment problems arise if a country's? Options:
  A) exports is more than imports
  B) imports is more than exports
  C) currency devaluation
  D) invisible exports is more than visible exports
  Show Answer
  The correct answer is B .
• Question 23:

  An activity that involves derivation of raw materials from land and sea is

  Options:
  A) agriculture
  B) farming
  C) extraction
  D) construction
  Show Answer
  The correct answer is C .
• Question 24: Which of the following is a matter of personal preference on the part of a superior officer? Options:
  A) Unity of command
  B) Span of control
  C) Delegation of anthority
  D) Unity of direction
  Show Answer
  The correct answer is C .
• Question 25: The symbol at in an internet mail address is used to? Options:
  A) seperate the user name from the machine name
  B) link the user with other Internet users
  C) locate the addresses of Internet users
  D) link the user with the machine
  Show Answer
  The correct answer is B .
• Question 26: Which of the following regulates and controls the activities in the Nigerian Stock Exchange? Options:
  A) BPE
  B) SEC
  C) NDIC
  D) CBN
  Show Answer
  The correct answer is B .
• Question 27:

  The maximum number of shareholders in a public liability company is

  Options:
  A) One hundred
  B) Unlimited
  C) Fifty
  D) Twenty
  Show Answer
  The correct answer is B .
• Question 28: Which of the following is the best method for computing working capital Options:
  A) Total assets less current liabilities
  B) Current liabilities less current assets
  C) Fixed liabilities less current assets
  D) Current assets less current liabilities
  Show Answer
  The correct answer is A .
• Question 29: The temporary insurance certificate issued to the insured before drawing up a policy is a? Options:
  A) cover note
  B) testimonial
  C) time policy
  D) proposal form
  Show Answer
  The correct answer is A .
• Question 30:

  A debenture holder is entitled to

  Options:
  A) Dividend
  B) Interest
  C) commission
  D) Profit
  Show Answer
  The correct answer is B .