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 381: The document that explains the types of shares available for sale to the public is Options:
  A) a prospectus
  B) an invoice
  C) an open indent
  D) a closed indent
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  The correct answer is A .
• Question 382:

  You have just bought a new car. What Insurance policy will you take to cover it?

  Options:
  A) Accident Insurance
  B) Fire Insurance
  C) Marine Insurance
  D) Fidelity Guarantee Insurance
  Show Answer
  The correct answer is A .
• Question 383: The business organization that can effectively combine management with control is? Options:
  A) private limited liability company
  B) sole proprietorship
  C) public limited liability company
  D) co-operation society
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  The correct answer is B .
• Question 384: In product pricing, which of this element needs more consideration than others? Options:
  A) the demand for the product
  B) the demography of the buyers of the product
  C) the economic conditions in the markkets
  D) the cost of producing the product
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  The correct answer is D .
• Question 385: An agent who transacts business with the broker in the stock exchange is a Options:
  A) stag
  B) bull
  C) del credere
  D) jobber
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  The correct answer is D .
• Question 386: The payment made periodically in respect of an insurance policy entered into is known as? Options:
  A) bond
  B) commission
  C) premium
  D) surrender value
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  The correct answer is C .
• Question 387: The factor of production that is subject to depreciation is? Options:
  A) capital
  B) land
  C) labour
  D) entrepreneur
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  The correct answer is A .
• Question 388:

  Services are made up of

  Options:
  A) visible and invisible
  B) Industry and Commerce
  C) direct and indirect services
  D) Goods and Services
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  The correct answer is C .
• Question 389: The assembling of products into usable forms is known as Options:
  A) creation
  B) manufacturing
  C) construction
  D) formation
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  The correct answer is C .
• Question 390: The wealth of a nation depends on the volume of its? Options:
  A) bilateral trade activities
  B) commercial activities
  C) multilateral trade activities
  D) stock market
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  The correct answer is B .