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 551: The physical component of a computer system is Options:
  A) software
  B) hardware
  C) hard disk
  D) floppy disk
  Show Answer
  The correct answer is B .
• Question 552: Ocean liners are subdivided into Options:
  A) passenger liner and cargo liners
  B) coastel liners and cargo liners
  C) cargo liners and tramp liners
  D) passenger liners and tramp liners
  Show Answer
  The correct answer is A .
• Question 553:

  

  Use the diagram above to answer the question.

  What does V represent?

  Options:
  A) Ais to trade
  B) Advertising
  C) Manufacturing
  D) industry
  Show Answer
  The correct answer is A .
• Question 554:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 555: The major determinant of fire insurance premium is the Options:
  A) Owner of the property
  B) usefulness of the property to the owner
  C) Type and structure of the property to be insured
  D) extent of fire damaged anticipated.
  Show Answer
  The correct answer is C .
• Question 556:

  Why will a cheque be dishonored?

  Options:
  A) Regular signature
  B) high amount of money written on the cheque
  C) insufficient funds
  D) general crossing
  Show Answer
  The correct answer is C .
• Question 557: A minor is not permitted to enter into a valid contract because he Options:
  A) Cannot pay the consideration
  B) Is too young to interpret the law
  C) Is young in the eye of the law
  D) May not be able to write the contract
  Show Answer
  The correct answer is C .
• Question 558: A direct service is rendered by Options:
  A) State counsels
  B) Civil servants
  C) Police
  D) Family doctor
  Show Answer
  The correct answer is D .
• Question 559: A document which advertise the shares of a company is known as a? Options:
  A) memorandum of satisfaction
  B) dividend warrant
  C) deed
  D) prospectus
  Show Answer
  The correct answer is D .
• Question 560: An important social reason for development tourism in Nigeria is the? Options:
  A) promotion of culture interaction
  B) provision of job oppurtunities
  C) improvement of he balance of payments
  D) encouragement of international relations
  Show Answer
  The correct answer is A .