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 91: The symbol at in an internet mail address is used to? Options:
  A) seperate the user name from the machine name
  B) link the user with other Internet users
  C) locate the addresses of Internet users
  D) link the user with the machine
  Show Answer
  The correct answer is B .
• Question 92:

  An agent who has to sell perishable goods without the prior authority of the owner becomes an agent by

  Options:
  A) estoppel
  B) conduct
  C) necessity
  D) ratification
  Show Answer
  The correct answer is C .
• Question 93: In which of the following circumstances is a court order NOT necessary for the winding up of a company? Options:
  A) supension of businesss for one year
  B) special resolution of members
  C) reduction in the number of members below the legal minimum
  D) inability to pay it debts
  Show Answer
  The correct answer is B .
• Question 94: The main aim of selling directly to consumers by manufactures is to Options:
  A) dis courage the activities of middlemen
  B) make contacts with comsumers
  C) eliminate transportation cost
  D) maximize the profit margin
  Show Answer
  The correct answer is A .
• Question 95:

  When does the buyer in a hire purchase becomes the owner of the goods?

  Options:
  A) When all installments have been fully paid
  B) After payment of the first installment
  C) Before the payment of the first installment
  D) When half of the purchased price has been paid
  Show Answer
  The correct answer is A .
• Question 96: Adigun displays goods of different makes on shelves in his supermarket. This is an example of Options:
  A) invitation to treat
  B) offer to sell
  C) offer to purchase
  D) invitation to sell
  Show Answer
  The correct answer is A .
• Question 97: A computer that can be used in weather forecast is? Options:
  A) a hybrid computer
  B) an analog computer
  C) a marineframe computer
  D) a digital computer
  Show Answer
  The correct answer is D .
• Question 98: The most important advantage of privatization is the enhancement of? Options:
  A) liquidity
  B) accountantability
  C) profitability
  D) efficiency
  Show Answer
  The correct answer is D .
• Question 99: Primary production is associated with? Options:
  A) banking
  B) manufacturing
  C) agriculture
  D) construction
  Show Answer
  The correct answer is C .
• Question 100:

  Rights issue means the?

  Options:
  A) issue of shares to the directors of a company.
  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 favorable terms
  Show Answer
  The correct answer is B .