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 481: The rewards of rents, wages, interests and profits accrue from? Options:
  A) capital, labour, land and enterpreneur respectively
  B) land, enterpreneur,labour and capital respectively
  C) land, lbour, capital and enterpreneur respectively
  D) labour, enterpreneur, land and capital respectively
  Show Answer
  The correct answer is C .
• Question 482: 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 483: A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it Options:
  A) serves as a mechanism for evaluating an unrealistic exchange rate for the naira
  B) creates unhealthy competition amongst users of foreign exchange
  C) contributes to destabilizing national resource allocation
  D) contributes to flooding the market with foreign essential commodities
  Show Answer
  The correct answer is B .
• Question 484: Another name or term for a dishonoured cheque is ______ Options:
  A) an order cheque
  B) a bounced cheque
  C) a bearer cheque
  D) an open cheque
  Show Answer
  The correct answer is B .
• Question 485: The manufacturers' Association of Nigeria is an example of a? Options:
  A) labour union
  B) pressure group
  C) conglomerate
  D) cartel
  Show Answer
  The correct answer is B .
• Question 486: The merger of a textile mill, a cement company and a tannery is referred to as? Options:
  A) conglomerate merger
  B) horizontal merger
  C) lateral merger
  D) vertiical merger
  Show Answer
  The correct answer is B .
• Question 487: The form of capital which is easily transferred into the form desired is known as? Options:
  A) working capital
  B) liquid capital
  C) circulating capital
  D) capital employed
  Show Answer
  The correct answer is C .
• Question 488: The members of ECOWAS include? Options:
  A) Nigeria, Chad, Gabon and Cape Verde
  B) Burkina Faso, Nigeria and Ghana
  C) Guinea, Mali, Cameroun and Nigeria
  D) Togo, Niger, Nigeria and Ghana
  Show Answer
  The correct answer is D .
• Question 489: An instrument used in lieu of legal tender is known as ______? Options:
  A) Token money
  B) commodity money
  C) fiat money
  D) representative
  Show Answer
  The correct answer is B .
• Question 490:

  Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as

  Options:
  A) Transportation
  B) Tourism
  C) International trade
  D) Domestic tourism
  Show Answer
  The correct answer is B .