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 31: Water corporation is an example of ______? Options:
  A) co-operative society
  B) public enterprise
  C) private enterprise
  D) limited company
  Show Answer
  The correct answer is B .
• Question 32:

  Use this information to answer the question below.

  Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.

  Babalawee is ___________?

  Options:
  A) a claimant
  B) a manager
  C) an assessor
  D) a reciever
  Show Answer
  The correct answer is D .
• Question 33: A major hindrance to tourism growth in Nigeria is? Options:
  A) absence of genunie tour operators
  B) lack of tourism master plan
  C) inadequate tourist centres
  D) non-compliance to immigration laws
  Show Answer
  The correct answer is B .
• Question 34: The stock Exchange helps to provide capital for of industrial project because it Options:
  A) determines value of shares, stocks and other securities
  B) assist government in implementing its monetary plicies
  C) assist companies to exchange their securities into cash
  D) renders agency services to organizations and government
  Show Answer
  The correct answer is C .
• Question 35:

  A public company with an authorized capital of N60,000, issued N36,000 shares at 150k each.

  What is its capital?

  Options:
  A) N60,000
  B) N36,000
  C) N54,000
  D) N90,000
  Show Answer
  The correct answer is C .
• Question 36:

  The main advantage of a sole trader is the freedom to?

  Options:
  A) employ anyone he likes
  B) take quick decision
  C) seek advise from any source
  D) plough all the profits
  Show Answer
  The correct answer is B .
• Question 37: The main role of advertising is to Options:
  A) convince prospective buyers to buy
  B) show the actual shape, form and colour of the products
  C) inform people where to obtain goods and services
  D) captured the attention of people
  Show Answer
  The correct answer is A .
• Question 38: The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm? Options:
  A) #24,000
  B) #46,500
  C) #62,500
  D) #65,000
  Show Answer
  The correct answer is C .
• Question 39: One of the functions of the Nigerian Ports Authority is that it Options:
  A) gives preferential treatment to Nigerian investors
  B) provides credit facilities to importers
  C) encourages the growth of infant industries
  D) provides warehosing facilities at the docks
  Show Answer
  The correct answer is D .
• Question 40: Which of the following advertising medium appeals to only the literate in the society Options:
  A) radio advertising
  B) print media advertising
  C) television advertising
  D) cinema advertising
  Show Answer
  The correct answer is B .