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 941: A step-by-step method of carrying out functions in an office is known as? Options:
  A) procedure
  B) organizing
  C) policy
  D) programme
  Show Answer
  The correct answer is A .
• Question 942: Which oft these factors of production is relatively fixed in supply? Options:
  A) Capital
  B) Enterpreneuer
  C) Human resources
  D) Natural resources
  Show Answer
  The correct answer is D .
• Question 943: Which of the following is a characteristic of a bearer cheque Options:
  A) it is made with transverse lines
  B) it is made payable to whoever presents it
  C) it is made without transverse lines
  D) it is only payable into the payees account
  Show Answer
  The correct answer is B .
• Question 944: A major setback of international trade is? Options:
  A) inadequate exports
  B) economic sanctions
  C) devaluation of currency
  D) exchange rate appreciation
  Show Answer
  The correct answer is B .
• Question 945: A major disadvantage of the privatization policy is that? Options:
  A) the economy would be private-sector-led
  B) citizens would benefit less from government
  C) more money would be bought into circulation
  D) government would loss control of the economy
  Show Answer
  The correct answer is D .
• Question 946: One of the disadvantages of a sole proprietorship is? Options:
  A) secrecy of annual reports
  B) pride of ownership
  C) limited liability
  D) unlimited liability
  Show Answer
  The correct answer is D .
• Question 947: The body regulating the sale and purchase of shares in Nigeria is the Options:
  A) Corporate affair commission
  B) Securities and exchange commission
  C) Securities and exchange tribunal
  D) Nigerian stock exchange
  Show Answer
  The correct answer is B .
• Question 948:

  A cheque that could be cashed over the counter by the payee is

  Options:
  A) certified cheque
  B) crossed cheque
  C) open cheque
  D) bank draft
  Show Answer
  The correct answer is C .
• Question 949: Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu Options:
  A) is entitled always to a cumulative dividends accruing from the shares
  B) is entitled to the next dividends due to the shares
  C) will not be entitled to the next dividends due to the shares
  D) still owes N3 on the shares which will be subtracted from the dividends
  Show Answer
  The correct answer is B .
• Question 950: When an employee incurs expenses while executing his normal duty, the employer is responsible for his? Options:
  A) safety
  B) family's security
  C) family's welfare
  D) ìdemnification
  Show Answer
  The correct answer is D .