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 841: 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 842: A historical building is a feature of? Options:
  A) cultural tourism
  B) industrial tourism
  C) agricultural tourism
  D) ecological tourism
  Show Answer
  The correct answer is A .
• Question 843: Which of the following information is contained in the Articles of Association of a limited liability company? Options:
  A) Rights and obligations of directors
  B) Objectives of the company
  C) Amount of share capital
  D) Limitation of liability of shareholders.
  Show Answer
  The correct answer is A .
• Question 844: A feature common to public and private limited liability companies is that Options:
  A) both can sue and be sued
  B) the minimum number of their shareholders is five
  C) the transfer of their shares is not restricted
  D) their annual accounts are published for public use
  Show Answer
  The correct answer is A .
• Question 845: One major disadvantage of a cartel is that it Options:
  A) maximizes productive efficiency
  B) brings the merging firms under control
  C) maximizes profit from operation
  D) eliminate competitions and waste
  Show Answer
  The correct answer is D .
• Question 846: The mode of transportation that conveys a limited variety of products through fixed laid routes is? Options:
  A) waterways
  B) road
  C) rail
  D) pipeline
  Show Answer
  The correct answer is D .
• Question 847: A Memorandum of Association is applicable to a? Options:
  A) sole trader
  B) joint company
  C) partnership
  D) public corporation
  Show Answer
  The correct answer is B .
• Question 848: In business, the computer is very important especially in? Options:
  A) financial amnagement
  B) marketing management
  C) educational management
  D) information management
  Show Answer
  The correct answer is D .
• Question 849: In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the? Options:
  A) directors
  B) creditors
  C) promoters
  D) court
  Show Answer
  The correct answer is A .
• Question 850:

  The main objective of a trade association can best be described as promoting and protecting ? 

  Options:
  A) the product
  B) common interest
  C) the market
  D) customer's interest
  Show Answer
  The correct answer is B .