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 651: Billboards and posters are forms of? Options:
  A) electronic media
  B) print media
  C) outdoor media
  D) window display media
  Show Answer
  The correct answer is C .
• Question 652: A company which issues a promissory note in lieu of payment for goods purchased Options:
  A) can refuse to pay ondue date since it is only a promise
  B) is bound to redeem the note for cash on due date
  C) is not bound to renew the note before payment
  D) can return the goods purchase and refuse to pay
  Show Answer
  The correct answer is B .
• Question 653:

  Which of the following attracts only interest but leaves the capital unpaid?

  Options:
  A) uberrimae fidei
  B) subrogation
  C) contribution
  D) redeemable bond
  Show Answer
  The correct answer is D .
• Question 654: A contract which is devoid of legal effect is Options:
  A) void contract
  B) unenforceable contract
  C) voidable contract
  D) valid contract
  Show Answer
  The correct answer is C .
• Question 655: A computer that can be used in weather forecast is? Options:
  A) a hybrid computer
  B) an analog computer
  C) a marineframe computer
  D) a digital computer
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  The correct answer is D .
• Question 656: The setting of objectives for an organization and determining how to accomplish them is? Options:
  A) social responsibility
  B) planning
  C) organizing
  D) decision-making
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  The correct answer is B .
• Question 657: An association of voluntary organizations that work together for a common aim while retaining their independence is a Options:
  A) syndicate
  B) merger
  C) cartel
  D) consortium
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  The correct answer is C .
• Question 658: The initial function of a manager is Options:
  A) setting up an organisation
  B) coordinating
  C) planning
  D) provision of welfare package
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  The correct answer is B .
• Question 659: A demonstration of social responsibility by a business is the payment of _______ Options:
  A) taxes to government
  B) dividends to shareholder
  C) interest on loans
  D) premium on insurance
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  The correct answer is A .
• Question 660:

  The scope of economic activities can be enlarged by

  Options:
  A) transportation and trading
  B) trading and aids to trade
  C) business and its promotion
  D) insurance and banking
  Show Answer
  The correct answer is B .