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 61: The lumbering of trees by a furniture company is an example of Options:
  A) primary production
  B) secondary production
  C) tertiary production
  D) direct production
  Show Answer
  The correct answer is A .
• Question 62: The initial function of a manager is Options:
  A) setting up an organisation
  B) coordinating
  C) planning
  D) provision of welfare package
  Show Answer
  The correct answer is B .
• Question 63: The minimum lending rate of a bank is a component of its Options:
  A) current assets
  B) debit balances
  C) credit balance
  D) fixed assets
  Show Answer
  The correct answer is A .
• Question 64: A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the Options:
  A) medium
  B) theme
  C) targer
  D) reach
  Show Answer
  The correct answer is A .
• Question 65: The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as? Options:
  A) digital computer
  B) analogue computer
  C) mainframe computer
  D) hybrid computer
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  The correct answer is A .
• Question 66:

  An association formed by computer distributors to safeguard and promote their interest is a

  Options:
  A) chamber of commerce
  B) cooperative society
  C) trade association
  D) trade union
  Show Answer
  The correct answer is C .
• Question 67: The cheapest source of funds available to a company is through? Options:
  A) the sale of shares
  B) retained profits
  C) the sale of bonds
  D) lease financing
  Show Answer
  The correct answer is B .
• Question 68: A market where new shares are tracked is known as Options:
  A) Primary Market
  B) Stock Exchange
  C) Secondary Market
  D) Money Market
  Show Answer
  The correct answer is A .
• Question 69:

  Extractive industries may also be denominated as?

  Options:
  A) direct industries
  B) service industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .
• Question 70: One of the facilities enjoyed by a current account holder is? Options:
  A) a dividend
  B) a bonus
  C) an overdraft
  D) interest on deposits
  Show Answer
  The correct answer is C .