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 291: A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the? Options:
  A) Securities and Exchanfge commission
  B) commodity market
  C) Nigerian Stock Exchange
  D) Central Bank of Nigeria
  Show Answer
  The correct answer is A .
• Question 292: The physical components of a computer system refers to the? Options:
  A) system unit
  B) hardware
  C) software
  D) compact disk
  Show Answer
  The correct answer is B .
• Question 293: Pooling of risk in insurance means that? Options:
  A) compensations are paid out of a common fund
  B) two people can pool their risks to be insured
  C) two insurance companies can buy two policies
  D) insurance companies should encourage taking risks.
  Show Answer
  The correct answer is A .
• Question 294: The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a Options:
  A) Partnership
  B) Company
  C) Joint venture
  D) Co-operative society
  Show Answer
  The correct answer is C .
• Question 295: A wholesaler who possesses the title of goods he sells is known as? Options:
  A) a merchant wholesaler
  B) a multiple wholesaler
  C) a general wholesaler
  D) an agent wholesaler
  Show Answer
  The correct answer is A .
• Question 296: The main advantage of using cinema as an advertising medium is that it is Options:
  A) cheap
  B) accurate
  C) accessible
  D) informative
  Show Answer
  The correct answer is C .
• Question 297: A major advantage of a cooperative society is that it? Options:
  A) gives members the opportunity to unite
  B) draws members closer to government
  C) promotes awareness among members
  D) encourages thirft among members
  Show Answer
  The correct answer is D .
• Question 298: The main function of thrift, credit and loans co-operative societies is to Options:
  A) educate their members
  B) collect money from their members
  C) disburse money to their members
  D) raise investment finance among thir members
  Show Answer
  The correct answer is D .
• Question 299:

  Use the information below to answer questions 13 and 14

  	#
  Sales	50,000.00
  Debtors	10,000.00
  Cash in hand	5,000.00
  Opening stock	30,000.00
  Creditors	8,000.00
  Purchases	16,000.00
  Overdraft	12,000.00
  Closing stock	10,000.00

  Options:
  A) #35,000.00
  B) #20,000.00
  C) #15,000.00
  D) #14,000.00
  Show Answer
  The correct answer is D .
• Question 300: The production of goods and services in anticipation of demand is made possible by _______ Options:
  A) packaging
  B) warehousing
  C) branding
  D) advertising
  Show Answer
  The correct answer is B .