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: Which of the following is a development bank in Nigeria? Options:
  A) Union Bank Plc
  B) First Bank Plc
  C) First City Monument Bank
  D) Federal Mortgage Bank
  Show Answer
  The correct answer is D .
• Question 82: The major problem confronting Cyber Cafe operators is? Options:
  A) advance fee fraud by clientele
  B) poor network coverage
  C) high operating costs
  D) copyright voilations by clients
  Show Answer
  The correct answer is C .
• Question 83: Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as ? Options:
  A) bulls
  B) jobbers
  C) brokers
  D) stags
  Show Answer
  The correct answer is B .
• Question 84:

  

  The capital owned is

  Options:
  A) ₦2,740
  B) ₦1,350
  C) ₦1,150
  D) ₦570
  Show Answer
  The correct answer is D .
• Question 85: The activities of consumers association in Nigeria have not been effective because Options:
  A) the consumers are too many
  B) the government is not favourabley dispose towards consumerism
  C) there is poor enlightenment about consumer rights
  D) the consumers have no medium for expressing their feelings
  Show Answer
  The correct answer is D .
• Question 86: A common requirement for public and private limited companies in Nigeria is that Options:
  A) a shareholder cannot transfer his shares to someone else without permission from other shareholders
  B) their annual account are made available to the Corporate Affairs Commision
  C) shares can be offered for sale on the stock exchange
  D) shares can be offered for sale through an issuing house
  Show Answer
  The correct answer is B .
• Question 87: The circulating capital of a business enterprise is classified into? Options:
  A) cash, work-in-progress and debtors
  B) cash,vehicles, land and buildings
  C) debtors , stock of raw materials and fittings
  D) pre-payments, debtors and equipment
  Show Answer
  The correct answer is A .
• Question 88:

  The part of issued share capital that the company has asked the subscribers to pay for

  Options:
  A) authorised capital
  B) called-up capital
  C) nominal capital
  D) paid-up capital
  Show Answer
  The correct answer is B .
• Question 89: The principle of span of control stipulates that Options:
  A) an employee should report to only one superior
  B) manager must demand accountability from their surbordinates
  C) resources have to be economized within the various division
  D) the number of employee reporting to one superior should be kept to workable maximum
  Show Answer
  The correct answer is D .
• Question 90: Tourists with no fixed address in a town may receive their letters from the post office through a Options:
  A) recorded delivery
  B) poste restante
  C) parcel post
  D) postmaster
  Show Answer
  The correct answer is B .