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 601: Construction activities include the building of houses and roads as well as Options:
  A) brick laying
  B) shoe making
  C) black smithing
  D) car assembling
  Show Answer
  The correct answer is A .
• Question 602:

  The right to buy or sell stock in the stock exchange within a stipulated period is

  Options:
  A) option
  B) contango
  C) backwardation
  D) brokerage
  Show Answer
  The correct answer is A .
• Question 603:

  A form of money that has gone out of use is ?

  Options:
  A) commodity money
  B) bank money
  C) paper money
  D) foreign money
  Show Answer
  The correct answer is A .
• Question 604: One of the major problems of a sole proprietor is sourcing for? Options:
  A) raw materials
  B) labour
  C) machineries
  D) funds
  Show Answer
  The correct answer is D .
• Question 605: A trend in retailing which enables consumers to have free access to different products is? Options:
  A) after-sales services
  B) branding
  C) self-services
  D) vending machine
  Show Answer
  The correct answer is C .
• Question 606:

  Excise duties are paid on goods that are?

  Options:
  A) imported into the country
  B) manufactured within the country
  C) exported to other countries
  D) kept in bonded warehouse
  Show Answer
  The correct answer is B .
• Question 607: The stock Exchange helps to provide capital for of industrial project because it Options:
  A) determines value of shares, stocks and other securities
  B) assist government in implementing its monetary plicies
  C) assist companies to exchange their securities into cash
  D) renders agency services to organizations and government
  Show Answer
  The correct answer is C .
• Question 608: The document issued by the seller which gives detail of the goods he sells is known as? Options:
  A) catalogue
  B) tender
  C) price list
  D) invoice
  Show Answer
  The correct answer is D .
• Question 609: Which of the following is an example of a conglomerate? Options:
  A) National Electric Power Authority
  B) United Africa Company Nigeria Plc
  C) The Nigeria Railway Corporation
  D) First Bank of Nigeria Plc
  Show Answer
  The correct answer is B .
• Question 610: Service which are of absolute monopoly can can best be proved by Options:
  A) private companies
  B) limited liability companies
  C) public companies
  D) public enterprises
  Show Answer
  The correct answer is D .