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:

  Rights issue means the?

  Options:
  A) issue of shares to the directors of a company.
  B) issue of shares by a company only to the founders of the company
  C) right of shareholders to vote on any issue
  D) issue of shares to shareholders on favorable terms
  Show Answer
  The correct answer is B .
• Question 842: An opportunity to reject a binding contract at will by a third party is said to be a? Options:
  A) valid contract
  B) quasi contract
  C) voidable contract
  D) conditional contract
  Show Answer
  The correct answer is C .
• Question 843: The most dangerous pollution is? Options:
  A) water
  B) noise pollution
  C) soil pollution
  D) air pollution
  Show Answer
  The correct answer is D .
• Question 844:

  Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

  	₦		₦
  Opening stock Purchase	1000 7000	Sales	8000
  Closing Stock	3000

  Trading Expenses

  Electricity Salaries Rent Depreciations

  ₦ 135 875 180 210

  From the figures given, calculate

  Gross profit

  Options:
  A) 300
  B) 3000
  C) 6000
  D) 11000
  Show Answer
  The correct answer is B .
• Question 845: One of the main objectives of the Second-tier Securities Market in Nigeria is to Options:
  A) achieved a realistic exchange rate for the naira
  B) eliminate currency dealings in the black market
  C) assist companies to raise capital
  D) attract investment flow
  Show Answer
  The correct answer is D .
• Question 846:

  Which of the following is not an objective of ECOWAS?

  Options:
  A) promotion of a common language
  B) improvement of infrastructural facilities
  C) encouragement of free movement of people
  D) encouragement of trade among member countries
  Show Answer
  The correct answer is A .
• Question 847: 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 848: Which of the following is a legal tender? Options:
  A) Cheque
  B) Travellers cheque
  C) Bank note
  D) Goldsmith receipt
  Show Answer
  The correct answer is C .
• Question 849:

  The art of soap making is an example of

  Options:
  A) tertiary occupation
  B) construction occupation
  C) primary occupation
  D) secondary occupation
  Show Answer
  The correct answer is D .
• Question 850: Fluctuations in the supply of goods may be eliminated if the distribution system maintains? Options:
  A) modern technology
  B) a team of retailers
  C) warehouse services
  D) sufficient middlemen
  Show Answer
  The correct answer is A .