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: A per-requiste for admission into the Second Tier Securities Market is for a company to? Options:
  A) make 20% of its equity share available to the public for subscription
  B) have a minimum of 100 shareholders
  C) have a maximum of 100 shareholders
  D) make 10% of its equity share available to thee public for subscription
  Show Answer
  The correct answer is D .
• Question 92: In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is Options:
  A) lawful to both
  B) unlawful to both
  C) beneficial to both
  D) detrimental to both
  Show Answer
  The correct answer is A .
• Question 93: Which of the following is both direct and indirect credit enterprise? Options:
  A) A co-operative and thrift society
  B) retail co-operative society
  C) consumer co-operative society
  D) wholesaler co-operative society
  Show Answer
  The correct answer is A .
• Question 94: A carton of noodles valued at #2,000 was invoiced at #200 only.The accounting procedure to correct this error is to issue Options:
  A) an invoice for #200
  B) a debit note for #2,00
  C) a credit note for #1,800
  D) a debit note for #1,800
  Show Answer
  The correct answer is D .
• Question 95:

  Goods and services are made available to consumers through

  Options:
  A) The advertising agency
  B) Sales promotion
  C) The channel of distribution
  D) The middle men
  Show Answer
  The correct answer is C .
• Question 96: When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is Options:
  A) currying favour from local people
  B) finding a way to spend resonsibility
  C) fulfilling part of its social responsibilty
  D) invest its idle funds
  Show Answer
  The correct answer is C .
• Question 97: Which of the following is a traditional medium of communication used to mark festivals? Options:
  A) Palm frond
  B) Metal gong
  C) Talking drum
  D) Gum blast
  Show Answer
  The correct answer is C .
• Question 98: The element of the marketing mix are Options:
  A) product promotion, place and price
  B) [personal selling, advertising and research
  C) promotion, production, place and price
  D) procurement, price, product and place
  Show Answer
  The correct answer is A .
• Question 99:

  Which of the following is an item in the marketing mix?

  Options:
  A) market
  B) consumer
  C) demand
  D) promotion
  Show Answer
  The correct answer is D .
• Question 100:

  The Central Bank Monetary policy instrument by which it buys and sells securities is called

  Options:
  A) open market operation
  B) bank credit
  C) cash reserve ratio
  D) bank rate
  Show Answer
  The correct answer is A .