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 611: Which of the following countries are members of the lake Chad Basin Commission? Options:
  A) Niger and Cameroun
  B) Benin and Nigeria
  C) Chad and Benin
  D) Nigeria and Mali
  Show Answer
  The correct answer is A .
• Question 612:

  Use the information below to answer question 14 and 15.

  Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.

  What is the company's reserve share capital?

  Options:
  A) N2500 000
  B) N4000 000
  C) N5000 000
  D) N2000 000
  Show Answer
  The correct answer is A .
• Question 613: Cooperation and friendliness are enhanced among nations through interdependence necessitated by Options:
  A) tourism
  B) commerce
  C) agriculture
  D) socio-cultural activities
  Show Answer
  The correct answer is B .
• Question 614: The type of securities that the stock exchange deals with are Options:
  A) warrants, currency notes, money orders and postal orders
  B) cheques, bankdrafts , warrants and promissory notes
  C) bonds ivory, treasure bills, debentures and warrants
  D) stocks, shares, bonds and warrants.
  Show Answer
  The correct answer is D .
• Question 615: The financial instrument that entitles the holder to receive dividend and capital gains is a? Options:
  A) share
  B) bond
  C) bill of exchange
  D) treasury bill
  Show Answer
  The correct answer is A .
• Question 616:

  The resources put together to create goods and services are

  Options:
  A) working capital
  B) producer goods
  C) factors of production
  D) consumer goods
  Show Answer
  The correct answer is C .
• Question 617: The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix isreferred to as Options:
  A) concentration segmentation
  B) market concept
  C) consumer orientation
  D) market penetration
  Show Answer
  The correct answer is D .
• Question 618: A type of credit offered by both commercial and merchant banks in Nigeria is? Options:
  A) trade credit
  B) line of credit
  C) discounting facility
  D) overdraft
  Show Answer
  The correct answer is D .
• Question 619: RRF as a scheme introduced by the central bank of Nigeria means Options:
  A) recording and Rediscounting Facility
  B) refinancing and Recording Facility
  C) refinancing and Rediscounting Facility
  D) refinancing and Reinvesting Facility
  Show Answer
  The correct answer is D .
• Question 620:

  An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

  Options:
  A) Telephone
  B) Telegram
  C) Telex
  D) NITEL
  Show Answer
  The correct answer is B .