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 421:

  Which is the fastest means of transportation?

  Options:
  A) Water
  B) air
  C) rail
  D) Road
  Show Answer
  The correct answer is B .
• Question 422: The type of wholesaler that combines selling, delivery and collection in one operation is Options:
  A) specialist wholesaler
  B) rack jobber
  C) drop shipment
  D) truck wholesaler
  Show Answer
  The correct answer is D .
• Question 423:

  Bank giro is a system where?

  Options:
  A) commercial banks can give loan to all customers.
  B) a central bank opens accounts for commercial banks
  C) a customer uses a cheque to pay several bills.
  D) a customer closes his account by writing a cheque
  Show Answer
  The correct answer is C .
• Question 424: A major function of trade association is to _______ Options:
  A) assist members to buy cars
  B) help individuals to set up small business
  C) establish a link among member
  D) foster cooperation among members
  Show Answer
  The correct answer is D .
• Question 425: In the long run, all factors of production are? Options:
  A) fixed
  B) variable
  C) marginal
  D) constant
  Show Answer
  The correct answer is B .
• Question 426:

  A market is said to be bullish if_________

  Options:
  A) There is a fail in prices of Securities
  B) There is a rise in prices of Securities
  C) There is a rise above the offer prices
  D) The speculator fails to deliver stock to the buyer
  Show Answer
  The correct answer is B .
• Question 427: (i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market? Options:
  A) i and ii only.
  B) i and iii only
  C) i, ii and iii only
  D) ii and iii only.
  Show Answer
  The correct answer is D .
• Question 428: The most dangerous pollution is? Options:
  A) water
  B) noise pollution
  C) soil pollution
  D) air pollution
  Show Answer
  The correct answer is D .
• Question 429:

  One of the major problems of a sole proprietor is sourcing for

  Options:
  A) Funds
  B) Labour
  C) Raw materials
  D) Machineries
  Show Answer
  The correct answer is A .
• Question 430: If a partnership deed is silent on how profits are to be shared, partners share profits Options:
  A) in the ratio of the value of business secured by each partner for the partnership
  B) in the ratio of partner capital contributions
  C) in an equal proportion irrespective of partners's capital contributons
  D) according to duties performed by each partner
  Show Answer
  The correct answer is C .