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 561: When a company uses more of loans than equity to finance its business, the company is said to be Options:
  A) bankrupt
  B) solvent
  C) highly geared
  D) in a strong liquid position
  Show Answer
  The correct answer is C .
• Question 562: The circulating capital of a business enterprise is classified into? Options:
  A) cash, work-in-progress and debtors
  B) cash,vehicles, land and buildings
  C) debtors , stock of raw materials and fittings
  D) pre-payments, debtors and equipment
  Show Answer
  The correct answer is A .
• Question 563:

  The function of a merchant wholesaler is to

  Options:
  A) find markets for producers' finished goods
  B) bring buyers and sellers together
  C) possess title to the goods, store and sell to retailers
  D) buy in bulk, store and sell to retailers as desired
  Show Answer
  The correct answer is C .
• Question 564: Which of the following is a function of employers’ associate? Options:
  A) undertaking research on behalf of employees
  B) promotion of thrift in workers
  C) promotion of workers'welfare
  D) Dissemination of information through sponsored journals
  Show Answer
  The correct answer is C .
• Question 565: 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 566:

  The internet is a system of telecommunication used for

  Options:
  A) The internet is a system of telecommunication used for
  B) Communicating long distance messages
  C) Sending and receiving text messages
  D) Communicating messages through telegrams
  Show Answer
  The correct answer is A .
• Question 567: Hire purchase is beneficial to the seller because? Options:
  A) it enhances his living standard
  B) it increases his turnover
  C) people pay instalmentally
  D) of the patronage he enjoys
  Show Answer
  The correct answer is B .
• Question 568:

  The share value stated on a share certificate is

  Options:
  A) above par value
  B) below par value
  C) market value
  D) nominal value
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  The correct answer is D .
• Question 569: Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to Options:
  A) remunerate Q
  B) reply Q
  C) indemnify Q
  D) settle Q
  Show Answer
  The correct answer is C .
• Question 570: The placement of workers based on their qualifications can be categorized under Options:
  A) public sector
  B) skilled labour
  C) private sector
  D) unskilled labour
  Show Answer
  The correct answer is B .