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: An acquired firm in a merger will always receive a? Options:
  A) premium
  B) grant
  C) share
  D) discount
  Show Answer
  The correct answer is C .
• Question 472: One of the requirements necessary for setting up a business is? Options:
  A) registration
  B) advertisement
  C) knowledge of the business
  D) documentation
  Show Answer
  The correct answer is C .
• Question 473: When old customers stick to the old place to buy goods and services,it is known as Options:
  A) goodwil
  B) personal factor
  C) window shopping
  D) patronage
  Show Answer
  The correct answer is A .
• Question 474: A per-requiste for admission into the Second Tier Securities Market is for a company to? Options:
  A) make 20% of its equity share available to the public for subscription
  B) have a minimum of 100 shareholders
  C) have a maximum of 100 shareholders
  D) make 10% of its equity share available to thee public for subscription
  Show Answer
  The correct answer is D .
• Question 475:

  Which of the following regulates and controls the activities in the Nigeria Stock Exchange?

  Options:
  A) SEC
  B) CBN
  C) BPE
  D) NDIC
  Show Answer
  The correct answer is A .
• Question 476: The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through? Options:
  A) public relations
  B) advertising
  C) sales promotion
  D) rebranding
  Show Answer
  The correct answer is A .
• Question 477: Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. this implies that? Options:
  A) the loss should be borne by the insurer
  B) Mr. Lawal is liable only for half of the estimated loss
  C) the insurer should make a consolation payment for the loss
  D) the loss should be borne by Mr. Lawal
  Show Answer
  The correct answer is D .
• Question 478: Proper disposal of waste by business firms is one way of discharging their? Options:
  A) responsibility to government
  B) environmental responsibility
  C) community responsibility
  D) responsibility to customers
  Show Answer
  The correct answer is B .
• Question 479: Which of the following is NOT backed by gold but by government securites? Options:
  A) Fiduciary note
  B) Token money
  C) Commodity money
  D) Fiat money
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  The correct answer is A .
• Question 480: Which of the following is not a veritable source of funds to a public limited company? Options:
  A) government financial grant
  B) advances and loan from banks
  C) internally generated funds
  D) funds from the sale of shares
  Show Answer
  The correct answer is A .