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 1021: One type of investment that have a variable income is Options:
  A) debentures
  B) preferred shares
  C) government bonds
  D) ordinary shares
  Show Answer
  The correct answer is D .
• Question 1022:

  Consumers could be encouraged to purchase a company's product through

  Options:
  A) research
  B) planning
  C) distribution
  D) advertisement
  Show Answer
  The correct answer is D .
• Question 1023: Ocean liners are subdivided into Options:
  A) passenger liner and cargo liners
  B) coastel liners and cargo liners
  C) cargo liners and tramp liners
  D) passenger liners and tramp liners
  Show Answer
  The correct answer is A .
• Question 1024:

  What is a Quota?

  Options:
  A) Tax pad on goods produced within a country
  B) A physical restriction placed on quantity of goods that can be imported
  C) Tax paid on goods produced outside a country
  D) Ban on all imported goods
  Show Answer
  The correct answer is B .
• Question 1025:

  A document that embody the conditions and exceptions attached to the contract is

  Options:
  A) proposal form
  B) cover note
  C) the policy
  D) insurance certificate
  Show Answer
  The correct answer is C .
• Question 1026:

  One of the objectives of the Niger Basin Commission is to

  Options:
  A) regulate the movement of citizens across borders
  B) improve tariff and quota on non-members
  C) regulate the movement of cargo along the river
  D) streaming the construction of dams on the river
  Show Answer
  The correct answer is D .
• Question 1027: The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is? Options:
  A) pipe line
  B) air
  C) rail
  D) road
  Show Answer
  The correct answer is B .
• Question 1028: A partnership is dissolved due to ________ Options:
  A) liquidity of the firm
  B) death of the employee
  C) insanity of a partner
  D) resignation of an employee
  Show Answer
  The correct answer is C .
• Question 1029: Which of the following is a matter of personal preference on the part of a superior officer? Options:
  A) Unity of command
  B) Span of control
  C) Delegation of anthority
  D) Unity of direction
  Show Answer
  The correct answer is C .
• Question 1030: Privatization is concerned with? Options:
  A) equal ownership between the public and the governement
  B) thje dilution of ownership among the public
  C) the individual ownership of companies
  D) governement ownership of companies
  Show Answer
  The correct answer is C .