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 1011: When a firm speaker of stock appreciation, it refers to Options:
  A) change in the value of its stocks resulting from price movement
  B) increase in the price of it shared quoted on the stock exchange
  C) an unexpected increase in the demand of its stock
  D) the value of its stock in the stock exchange
  Show Answer
  The correct answer is C .
• Question 1012:

  Modern means of payment is greatly facilitated by

  Options:
  A) e-banking
  B) paper money
  C) credit transfer
  D) e-commerce
  Show Answer
  The correct answer is A .
• Question 1013: Trade fairs in Nigeria are organised by Options:
  A) the Federal Government
  B) Manufacturers'' Association of Nigeria
  C) Ministry of Commerce and Industry
  D) Chambers of Commerce
  Show Answer
  The correct answer is D .
• Question 1014:

  Central banks sell treasury bills to the public to

  Options:
  A) increase cash in the banking system
  B) raise revenue for commerical banks
  C) raise revenue for private investors
  D) reduce cash in circulation
  Show Answer
  The correct answer is D .
• Question 1015: The major determinant of fire insurance premium is the Options:
  A) Owner of the property
  B) usefulness of the property to the owner
  C) Type and structure of the property to be insured
  D) extent of fire damaged anticipated.
  Show Answer
  The correct answer is C .
• Question 1016: One of the reasons why wholesaling must continue is that? Options:
  A) the tax paid by wholesalers on their profit enhances national revenue
  B) by creating artificial scarcity, the wholesaler is enhencing competition
  C) the wholesaler provides technical advice to the retailer
  D) the gap between manufacturers and retailers is reduce byn wholesalers
  Show Answer
  The correct answer is D .
• Question 1017: The right of the public to protection against questionable products and marketing practices is Options:
  A) an economic aspect of the business
  B) a social responsibility of business
  C) a legal aspect of the business
  D) a political aspect of the business
  Show Answer
  The correct answer is C .
• Question 1018: Which of the following is a function of consumerism? Options:
  A) Protecting consumers' rights
  B) providing consumers' choice
  C) providing consumers' needs
  D) Making profiteering impossible
  Show Answer
  The correct answer is A .
• Question 1019: Which of the following has power to order withdrawal of a particular food item from circulation? Options:
  A) Standard organisation of Nigeria
  B) Federal High courts in Nigeria
  C) Food and Drug Department of the Federal Ministry of health
  D) Local government health inspector
  Show Answer
  The correct answer is C .
• Question 1020: At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________? Options:
  A) an auctioneer
  B) a broker
  C) a liquidator
  D) an auditor
  Show Answer
  The correct answer is A .