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 471: A source of short-term finance to companies is? Options:
  A) share capital
  B) debentures
  C) retained earnings
  D) corperate tax
  Show Answer
  The correct answer is C .
• Question 472: The controllable variables that a firm uses to achieve its marketing objectives are called? Options:
  A) marketing principles
  B) marketing mix
  C) marketing concepts
  D) marketing functions
  Show Answer
  The correct answer is C .
• Question 473:

  The commission on a postal order is

  Options:
  A) postal zero
  B) postal orders
  C) poundage
  D) brokage
  Show Answer
  The correct answer is C .
• Question 474: The document lodged with the customs authorities before a ship can leave the port is a Options:
  A) shipping note
  B) ship report
  C) ship manifest
  D) dock warrant
  Show Answer
  The correct answer is C .
• Question 475: 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
  Show Answer
  The correct answer is A .
• Question 476:

  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
  Show Answer
  The correct answer is C .
• Question 477:

  What is a Quota?

  Options:
  A) Tax pad on goods produced within a country
  B) A physical restriction placed on quantity of goods that can be imported
  C) Tax paid on goods produced outside a country
  D) Ban on all imported goods
  Show Answer
  The correct answer is B .
• Question 478: The primary memory component of a computer is the? Options:
  A) cache
  B) console
  C) assemblers
  D) compilers
  Show Answer
  The correct answer is A .
• Question 479:

  The most important resources of business is_______

  Options:
  A) Human resources
  B) Money resources
  C) Material resources
  D) Opportunities
  Show Answer
  The correct answer is A .
• Question 480: 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
  Show Answer
  The correct answer is A .