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:

  

  Use the information above to answer this question.

  What is the ratio?

  Options:
  A) 2.95:1
  B) 4.25:1
  C) 4.75:1
  D) 5,55:1
  Show Answer
  The correct answer is A .
• Question 382: 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 383:

  

  Determine the owner's equity.

  Options:
  A) N 38 000 000
  B) N 20 000 000
  C) N 42 000 000
  D) N 25 000 000
  Show Answer
  The correct answer is A .
• Question 384: The current highest decision-making body on privatization and commercialization of public enterprises in Nigeria is the? Options:
  A) National Council on Privatization
  B) Securities and Exchange Commission
  C) Nigeria Investment Promotion Commission
  D) Bureau of Public ENterprises
  Show Answer
  The correct answer is D .
• Question 385: The part of the computer that has the capacity to interpret instruction is _______ Options:
  A) universal power storage
  B) central processing unit
  C) keyboard
  D) monitor
  Show Answer
  The correct answer is B .
• Question 386:

  A form of ownership which exploits the strenght of one partner to remedy the weakness of the other is the?

  Options:
  A) joint partnership
  B) cooperative
  C) corporation
  D) joint venture
  Show Answer
  The correct answer is A .
• Question 387: The main objective of a trade association is to Options:
  A) protect its members against litigation
  B) boost the trade of its members
  C) secure credit for its members
  D) protect its members against victimization
  Show Answer
  The correct answer is D .
• Question 388: Which of the following best describes the classification of computer? Options:
  A) Mini-computer, speed and size
  B) Micro-computer, cost and abilities
  C) Mini-computer, Micro-computer and work station
  D) Mini-computer , hybrid and digital
  Show Answer
  The correct answer is C .
• Question 389:

  $\begin{array}{cc}\text{Opening stock}& 1800\\ \text{Purchases}& 2800\\ \text{Sales}& 800\\ \text{Closing stock}& 800\\ \text{Carriage on sale}& 500\end{array}$

  Calculate the value of the unused stock.

  Options:
  A) N320
  B) N350
  C) N500
  D) N800
  Show Answer
  The correct answer is D .
• Question 390: The partner that only contributes part of the capital used in the formation and running of a business is known as? Options:
  A) a passive partner
  B) an active partner
  C) a dormant partner
  D) a nominal partner
  Show Answer
  The correct answer is C .