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 331: Extractive industries may also be denominated as Options:
  A) direct industries
  B) servicing industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .
• Question 332: Marketing skimming is an example of? Options:
  A) market penetration
  B) sales promotion
  C) pricing policy
  D) advertising
  Show Answer
  The correct answer is A .
• Question 333: The controllable variables that a firm uses to achieve its marketing objectives are called? Options:
  A) marketing principles
  B) marketing mix
  C) marketing concepts
  D) marketing functions
  Show Answer
  The correct answer is C .
• Question 334: A per-requiste for admission into the Second Tier Securities Market is for a company to? Options:
  A) make 20% of its equity share available to the public for subscription
  B) have a minimum of 100 shareholders
  C) have a maximum of 100 shareholders
  D) make 10% of its equity share available to thee public for subscription
  Show Answer
  The correct answer is D .
• Question 335: In the case of a voluntary liquidation of a business the receivers is appointed by the by the Options:
  A) creditors
  B) debtors
  C) directors
  D) shareholders
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  The correct answer is A .
• Question 336: Which of the following group of countries are members of the Niger Basin Commission? Options:
  A) The republic of Guinea, Burkina Faso and Nigeria
  B) Ghana, liberia, and the republic of Benin
  C) Mali, Liberia and Nigeria
  D) Ghana , Burkina Faso and Chad
  Show Answer
  The correct answer is A .
• Question 337: The most important right of the employee in discharging his duties to the employer is the right to? Options:
  A) regular emolument
  B) job security
  C) working facilities
  D) annual leave
  Show Answer
  The correct answer is B .
• Question 338: Goods that are manufactured or acquired by the seller after the contract of sale are? Options:
  A) specialty goods
  B) future goods
  C) specific goods
  D) general goods
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  The correct answer is C .
• Question 339: The factors essential for tourism are? Options:
  A) accessibility, capital, amenties, accessibility and scenery
  B) goods weather, amenties, accessibility and scenery
  C) amenties, capital, accessibility and markets
  D) good weather, capital, schools and scenery
  Show Answer
  The correct answer is B .
• Question 340: The term Plc implies that the are available Options:
  A) to the public at the company
  B) privately on the stock exchange
  C) publicly on the stock exchange
  D) publicly in commericial banks
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  The correct answer is C .