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 411: A form of money that has gone out of use is? Options:
  A) paper money
  B) bank money
  C) commodity money
  D) foreign money
  Show Answer
  The correct answer is C .
• Question 412: The coordinating section of the central processing unit that manages the flow of data is the? Options:
  A) arithematic logic unit
  B) control unit
  C) magnetic unit
  D) register
  Show Answer
  The correct answer is B .
• Question 413:

  The two main categories under which marine losses fall into are

  Options:
  A) Total loss and partial loss
  B) Voyage policy loss and time policy loss
  C) Particular loss and average loss
  D) Actual loss and general loss
  Show Answer
  The correct answer is A .
• Question 414: Factors considered when setting up a retail business is one of the following _________ Options:
  A) capital, experience and trading
  B) experience, term of trade, and trading
  C) capital, trading and term of trade
  D) capital, type of goods and source of supply
  Show Answer
  The correct answer is D .
• Question 415: The selling of new shares to exist shareholders is referred to as? Options:
  A) public issue
  B) offer for sale
  C) rights issue
  D) bonus issue
  Show Answer
  The correct answer is C .
• Question 416: The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is Options:
  A) caveat emptor
  B) uberrimae fidei
  C) demurrage
  D) jettison
  Show Answer
  The correct answer is D .
• Question 417: The breaking down of a market into separate and identifiable elements is known as Options:
  A) differentiation
  B) segmentation
  C) skimming
  D) penetration
  Show Answer
  The correct answer is B .
• Question 418: The sale of of foreign investment and gold reserves can be used to? Options:
  A) correct adverse balance of trade
  B) increase invisible imports
  C) correct adverse balance of payment
  D) correct a budget deficit
  Show Answer
  The correct answer is A .
• Question 419: A common requirement for public and private limited companies in Nigeria is that Options:
  A) a shareholder cannot transfer his shares to someone else without permission from other shareholders
  B) their annual account are made available to the Corporate Affairs Commision
  C) shares can be offered for sale on the stock exchange
  D) shares can be offered for sale through an issuing house
  Show Answer
  The correct answer is B .
• Question 420: The body with the responsibility to register shares for subscription on the stock market in Nigeria is the? Options:
  A) Securties and Exchange Commission
  B) Nigerian Stock Exchange
  C) Nigerian Deposit Insurance Company
  D) Central Bank of Nigeria
  Show Answer
  The correct answer is A .