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 391: Trading on the stock exchange in anticipation of price change in the market value of shares is? Options:
  A) speculation
  B) forecasting
  C) expectation
  D) projection
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  The correct answer is A .
• Question 392:

  Services which are of absolute monopoly can best be provided by?

  Options:
  A) private companies
  B) limited liability
  C) public companies
  D) public enterprises
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  The correct answer is D .
• Question 393:

  An author's exclusive right to his published and unpublished works is known as

  Options:
  A) constitutional right
  B) author's right
  C) copyright
  D) patent right
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  The correct answer is C .
• Question 394: To increase the supply of money in a country, the central bank has to? Options:
  A) reduce cash ratio
  B) sell securities
  C) call on special deposits
  D) raise cash ratio
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  The correct answer is A .
• Question 395: The development of commerce resulted from? Options:
  A) trading
  B) competition
  C) importation
  D) specialization
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  The correct answer is A .
• Question 396:

  When the cost of sales is divided by the average stock, the result is

  Options:
  A) gross profit
  B) net profit
  C) rate of turnover
  D) working capital
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  The correct answer is C .
• Question 397: The merger of a textile mill, a cement company and a tannery is referred to as? Options:
  A) conglomerate merger
  B) horizontal merger
  C) lateral merger
  D) vertiical merger
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  The correct answer is B .
• Question 398: The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a Options:
  A) consular invoice
  B) certificate of origin
  C) bill of lading
  D) close indent
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  The correct answer is B .
• Question 399: A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the? Options:
  A) Securities and Exchanfge commission
  B) commodity market
  C) Nigerian Stock Exchange
  D) Central Bank of Nigeria
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  The correct answer is A .
• Question 400: Initial public offering is undertaken through the? Options:
  A) secondary securities market
  B) first-tier securities market
  C) primary securities
  D) second-tier securities market
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  The correct answer is B .