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 901: The form of business financing which involves pledging of a specific asset is Options:
  A) debenture
  B) mortgage
  C) loan
  D) bond
  Show Answer
  The correct answer is B .
• Question 902:

  A form of money that has gone out of use is

  Options:
  A) paper money
  B) commodity money
  C) foreign money
  D) bank money
  Show Answer
  The correct answer is B .
• Question 903: The transmission of telephone services from one country to another is facilitated by? Options:
  A) communication satelite
  B) international facility
  C) interconnectivity
  D) internet services
  Show Answer
  The correct answer is A .
• Question 904: In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to Options:
  A) increase profit of service providers
  B) protect the interest of government
  C) encourage more people into the business
  D) protect the interest of consumers
  Show Answer
  The correct answer is D .
• Question 905: A warehouse which is used to store goods whose customs duty is not yet paid is a? Options:
  A) wholesale warehouse
  B) bonded warehouse
  C) public warehouse
  D) branded warehouse
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  The correct answer is B .
• Question 906: The Nigerian Telecommunications Limited is a? Options:
  A) jointly owned company
  B) public corpoation
  C) privately owned company
  D) public company
  Show Answer
  The correct answer is B .
• Question 907: The most important function of commerce is? Options:
  A) helping people to improve thir profits
  B) facilitaing exchanges among indiviuals and firms
  C) assisting trade through banking and insurance
  D) enhancing business relationships
  Show Answer
  The correct answer is B .
• Question 908:

  

  The capital owned is

  Options:
  A) ₦2,740
  B) ₦1,350
  C) ₦1,150
  D) ₦570
  Show Answer
  The correct answer is D .
• Question 909: Communication process involves the transmission of a message over a selected channel to the? Options:
  A) receiver
  B) audience
  C) sender
  D) encoder
  Show Answer
  The correct answer is A .
• Question 910:

  A market is said to be bullish if_________

  Options:
  A) There is a fail in prices of Securities
  B) There is a rise in prices of Securities
  C) There is a rise above the offer prices
  D) The speculator fails to deliver stock to the buyer
  Show Answer
  The correct answer is B .