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 81:

  A fall in the value of a country's currency vis-a-vis other currencies is known as__________

  Options:
  A) Depreciation
  B) Reduction
  C) Devaluation
  D) Exchange rate
  Show Answer
  The correct answer is C .
• Question 82: The fees charged on postal order by the post office is _____? Options:
  A) interest
  B) brokerage
  C) poundage
  D) premium
  Show Answer
  The correct answer is C .
• Question 83: A public limited company can raise long-term loans through Options:
  A) the capital market
  B) the money market
  C) bank overdrafts
  D) discount houses
  Show Answer
  The correct answer is A .
• Question 84: An association to which all chambers of commerce in Nigeria are affiliated is the? Options:
  A) Nigeria Labour Congress
  B) National Association of Chambers of commerce, industry, Mines and Agriculture
  C) Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
  D) Nigeria Stock Exchange
  Show Answer
  The correct answer is C .
• Question 85: The turnover of firm maybe affected by Options:
  A) the demand for its product
  B) the cost of its goods sold
  C) its closing stock
  D) its net assets
  Show Answer
  The correct answer is A .
• Question 86: The Central Bank differs from commercial banks because it? Options:
  A) renders service to customers
  B) carries out foreign exchange transactions
  C) issues currencies
  D) discounts bills
  Show Answer
  The correct answer is C .
• Question 87: A Major funtion of commerce is to Options:
  A) facilitiate human satisfaction through exchange
  B) eliminate trade barriers
  C) provide raw materials for manufacturers
  D) influence government policies
  Show Answer
  The correct answer is A .
• Question 88: Hire purchase is advantageous to the seller in that Options:
  A) it elevates his living standard
  B) his turnover will increase
  C) people pay instalmentally
  D) it enhances high level of patronage
  Show Answer
  The correct answer is B .
• Question 89: To meet security requirements before gaining access to data, a computer operator supplies Options:
  A) an e-mail address
  B) a yahoo address
  C) a password
  D) a modem
  Show Answer
  The correct answer is C .
• Question 90: The most reliable and efficient means of conveying urgent documents is through Options:
  A) postal order
  B) ordinary letters
  C) registered letters
  D) courier services
  Show Answer
  The correct answer is D .