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 341: The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and Options:
  A) Guaranties
  B) Warranties
  C) Sureties
  D) Consideration
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  The correct answer is B .
• Question 342: Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to Options:
  A) remunerate Q
  B) reply Q
  C) indemnify Q
  D) settle Q
  Show Answer
  The correct answer is C .
• Question 343: One of the major disadvantages of pipeline transportation is its? Options:
  A) high cost of construction
  B) limitation in scope
  C) vulnerability to climate changes
  D) high maintainance cost
  Show Answer
  The correct answer is A .
• Question 344: The major participants in the stock market when stock prices are rising generally are the? Options:
  A) bulls
  B) registrars
  C) bears
  D) companies
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  The correct answer is A .
• Question 345: One of the main objectives of the Second-tier Securities Market in Nigeria is to Options:
  A) achieved a realistic exchange rate for the naira
  B) eliminate currency dealings in the black market
  C) assist companies to raise capital
  D) attract investment flow
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  The correct answer is D .
• Question 346: Commercial banks are referred to as departmental stores of banking because they Options:
  A) have many branches
  B) have many customers
  C) are found in the cities
  D) offer many types of services
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  The correct answer is D .
• Question 347:

  The management function which involves measuring outcomes and taking corrective action to reduce error is

  Options:
  A) staffing
  B) organizing
  C) directing
  D) controlling
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  The correct answer is D .
• Question 348: The document issued to a port authority when goods are deposited is a? Options:
  A) dock landing account
  B) bill of sight
  C) bill of lading
  D) dock warrant
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  The correct answer is D .
• Question 349: 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
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  The correct answer is D .
• Question 350: The primary objective of consumer protection laws is to ensure that? Options:
  A) consumers derive maximum satisfaction from goods and services
  B) consumers buy goods and services at cheap rates
  C) manufacturers of goods and services provides overcome internal competition
  D) manufacturers of goods and services provides gets optimum profit
  Show Answer
  The correct answer is A .