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 301: The documents used in the purchase and sale of goods which contain other terms of trade are? Options:
  A) debit note and credit note
  B) delivery note and advice nopt
  C) invoice and order
  D) quotation and invoice
  Show Answer
  The correct answer is C .
• Question 302: A printed copy of processed information from the computer is the? Options:
  A) soft copy
  B) file copy
  C) scanned copy
  D) hard copy
  Show Answer
  The correct answer is D .
• Question 303: The process of eliminating a virus from a computer program is? Options:
  A) programming
  B) debugging
  C) formating
  D) looping
  Show Answer
  The correct answer is C .
• Question 304: The instrument establishing the Economic Community of West African State in 1975 is Options:
  A) a decree
  B) an act
  C) a treaty
  D) constitution
  Show Answer
  The correct answer is C .
• Question 305:

  The main objective of corporate mergers is to?

  Options:
  A) minimize the effect of taxation
  B) increase financial advantage
  C) facilitate profit maximization
  D) enhance economies of scale
  Show Answer
  The correct answer is D .
• Question 306:

  Examples of current assets are

  Options:
  A) cash and trade debtors
  B) cash and trade creditors
  C) trade debtors, trade creditors and cash
  D) trade creditors and trade debtors
  Show Answer
  The correct answer is A .
• Question 307: A historical building is a feature of? Options:
  A) cultural tourism
  B) industrial tourism
  C) agricultural tourism
  D) ecological tourism
  Show Answer
  The correct answer is A .
• Question 308: An employer insures against his employees' dishonesty by taking up? Options:
  A) fidelity guarantee insurance
  B) accident insurance
  C) group life assurance
  D) endowment policy
  Show Answer
  The correct answer is A .
• Question 309: A markets where new shares are trade is known Options:
  A) primary market
  B) stock exchange
  C) secondary markets
  D) money market
  Show Answer
  The correct answer is A .
• Question 310:

  One of the disadvantages of Sole Proprietorship is__________

  Options:
  A) It requires small operations
  B) It involves small capital
  C) It lacks specialization
  D) Grants from government
  Show Answer
  The correct answer is C .