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:

  A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

  Options:
  A) Hardware
  B) Software
  C) Computer remedies
  D) Virus
  Show Answer
  The correct answer is D .
• Question 302:

  Why will a cheque be dishonored?

  Options:
  A) Regular signature
  B) high amount of money written on the cheque
  C) insufficient funds
  D) general crossing
  Show Answer
  The correct answer is C .
• Question 303: The forum for the selling and buying of securities of small and medium companies is called. Options:
  A) Securities and Exchange Commission
  B) Second tier Security Market
  C) Foreign exchange Market
  D) Second tier foreign Exchange market
  Show Answer
  The correct answer is B .
• Question 304: Staff position in an organization borders on Options:
  A) authority
  B) advice
  C) responsibility
  D) control
  Show Answer
  The correct answer is C .
• Question 305: The sales of goods through a medium that accepts money and delivers the items to the customer is Options:
  A) an automated teller machine
  B) a vending machiine
  C) a counting machine
  D) a branding machine
  Show Answer
  The correct answer is B .
• Question 306: The main thrust of government policy of evolving good business environment in Nigeria is the need Options:
  A) to attract local and foreign investors
  B) for more export commodities
  C) for consumer oriented products
  D) to have viable local markets
  Show Answer
  The correct answer is A .
• Question 307:

  Booklets containing a range of products, their uses and prices are called

  Options:
  A) Posters
  B) Handbill
  C) Catalogues
  D) Price Journal
  Show Answer
  The correct answer is C .
• Question 308: 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 309:

  Given:
  ₦
  Opening Stock 1,800
  Purchases 2,800
  Sales 8,000
  Closing stock 350
  Carriage on sales 500

  Calculate the value of the unused stock.

  Options:
  A) ₦800
  B) ₦500
  C) ₦320
  D) ₦350
  Show Answer
  The correct answer is D .
• Question 310: The resources which are necessary for business development include? Options:
  A) manufacturing , materials mentors and money
  B) merchant, materials, mentors and money
  C) man, money, materials and machines
  D) machines, manufacturing , money and materials
  Show Answer
  The correct answer is C .