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 911: Manufacturing and constructive activities are classified under? Options:
  A) primary production
  B) tertiary production
  C) secondary production
  D) direct service
  Show Answer
  The correct answer is C .
• Question 912: Rights issue means the Options:
  A) issue of shares to the directors of a company on favourable terms
  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 favourable terms
  Show Answer
  The correct answer is D .
• Question 913: A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank Options:
  A) Bank draft
  B) Bankers’ order
  C) Promissory note
  D) Travelers cheque
  Show Answer
  The correct answer is B .
• Question 914: An example of a service-rendering trade association is? Options:
  A) Nigeria Bar Association
  B) Association of Nigeria Miners
  C) Cocoa Farmers' Association
  D) Manufacturers' Association of Nigeria
  Show Answer
  The correct answer is A .
• Question 915:

  The growth of commerce is not enhanced by

  Options:
  A) development of modern forms of production
  B) government participation in business
  C) high population growth
  D) low per capita income
  Show Answer
  The correct answer is D .
• Question 916: The environmental hazard that is most difficult to control is Options:
  A) land pollution
  B) water pollution
  C) air pollution
  D) political unrest
  Show Answer
  The correct answer is C .
• Question 917:

  The management function that makes the difference in intensity of behavior is

  Options:
  A) controlling
  B) motivation
  C) coordinating
  D) planning
  Show Answer
  The correct answer is B .
• Question 918: The role of customs and exercise authority includes the Options:
  A) provision of a good transport system to facilitate imports and exports
  B) provision of security at the port
  C) control of the flow of goods in and out of the country
  D) provision of dockyards for ship repairs
  Show Answer
  The correct answer is C .
• Question 919: The primary memory component of a computer is the? Options:
  A) cache
  B) console
  C) assemblers
  D) compilers
  Show Answer
  The correct answer is A .
• Question 920: International trade takes place as a result of? Options:
  A) uniformity in costs of production
  B) inequitable distribution of natural resources
  C) parity in the level of industrialization
  D) similarities in climate conditions
  Show Answer
  The correct answer is B .