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 401: Banks are engaged in the business of buying and selling of? Options:
  A) bills of exchange
  B) instruments of credit
  C) intangible products
  D) land
  Show Answer
  The correct answer is A .
• Question 402: A major setback of international trade is? Options:
  A) inadequate exports
  B) economic sanctions
  C) devaluation of currency
  D) exchange rate appreciation
  Show Answer
  The correct answer is B .
• Question 403: The major problem confronting Cyber Cafe operators is? Options:
  A) advance fee fraud by clientele
  B) poor network coverage
  C) high operating costs
  D) copyright voilations by clients
  Show Answer
  The correct answer is C .
• Question 404: The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the? Options:
  A) television
  B) telephone
  C) telegraph
  D) radio
  Show Answer
  The correct answer is C .
• Question 405: A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as? Options:
  A) promissary note
  B) bankdraft
  C) banker's order
  D) travellers' cheque
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  The correct answer is C .
• Question 406: In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the? Options:
  A) directors
  B) creditors
  C) promoters
  D) court
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  The correct answer is A .
• Question 407: A business firm that is involved in conveying goods or people is known as a? Options:
  A) consignor
  B) commercial firm
  C) carrier
  D) transporter
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  The correct answer is C .
• Question 408: Risk bearing in business organisation is a function of the _____ Options:
  A) employees
  B) customers
  C) entrepreneur
  D) manager
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  The correct answer is C .
• Question 409: Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to? Options:
  A) land pollution
  B) water pollution
  C) land and water pollution
  D) air and water pollution
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  The correct answer is C .
• Question 410: The quality of money that describe its uniformity is Options:
  A) recognizability
  B) durability
  C) portability
  D) homogeneity
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  The correct answer is D .