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 511:

  A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried

  Options:
  A) Cartel
  B) Conference
  C) Syndicate
  D) Trust
  Show Answer
  The correct answer is B .
• Question 512: A major factor that affects business operations is Options:
  A) technology
  B) supply
  C) product
  D) rivalry
  Show Answer
  The correct answer is A .
• Question 513: In product pricing, which of this element needs more consideration than others? Options:
  A) the demand for the product
  B) the demography of the buyers of the product
  C) the economic conditions in the markkets
  D) the cost of producing the product
  Show Answer
  The correct answer is D .
• Question 514:

  Use the information below to answer this question

  A B C Balance Sheet as at 31/12/2004

  ₦ Share capital 200,000 Reserves 100,000 Long term liabilities 40,000 Current liabilities 30,000 370,000

  ₦ Fixed assets 180,000 Investment 100,000 Current assets 50,000 Fictitious assets 40,000370,000

  What is the capital employed?

  Options:
  A) ₦ 340,000
  B) ₦ 200,000
  C) ₦ 300,000
  D) ₦ 170,000
  Show Answer
  The correct answer is C .
• Question 515:

  A fall in the value of a country's currency vis-a-vis other currencies is known as__________

  Options:
  A) Depreciation
  B) Reduction
  C) Devaluation
  D) Exchange rate
  Show Answer
  The correct answer is C .
• Question 516: An obstacle to international trade is? Options:
  A) trade imbalance between countries
  B) availiability of local market
  C) quantity and quality of labour
  D) cost of finance
  Show Answer
  The correct answer is D .
• Question 517: The availability of goods and services is brought to the notice of customers through? Options:
  A) personal selling
  B) public relations
  C) the telephone
  D) advertising
  Show Answer
  The correct answer is D .
• Question 518: The business with the best business objectives is Options:
  A) Okon
  B) Taiwo
  C) Kalu
  D) Musa
  Show Answer
  The correct answer is A .
• Question 519:

  Computer that process data in the form of values is

  Options:
  A) Digital
  B) Hybrid
  C) Digital-hybrid
  D) Analog
  Show Answer
  The correct answer is D .
• Question 520: The financial index which compares current assets directly with current liabilities is known as current Options:
  A) turnover
  B) capital
  C) ratio
  D) balance
  Show Answer
  The correct answer is C .