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 1051:

  A partnership may be automatically dissolved due to the following factors except________

  Options:
  A) Court verdict
  B) Joint decision
  C) Admission of new partners
  D) Bankruptcy of a partner
  Show Answer
  The correct answer is C .
• Question 1052: Rights issue means the Options:
  A) issue of shares to the directors of a company on favourable terms
  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 favourable terms
  Show Answer
  The correct answer is D .
• Question 1053:

  Use the information below to answer 38 and 39.

  Companies i, ii, iii and iv produce and sell electronic videos.

  Company i, sells video for N14,000 each and offers advice on how to fix and operate them .

  Company ii, sells at N14,000 and its representatives go to install at no additional cost.

  Company iii, sells at N15,500 and offers credit sales at N15,000 each.

  Which of these companies are more engaged in public activities?

  Options:
  A) i and ii
  B) i and iii
  C) ii and iv
  D) iii and iv
  Show Answer
  The correct answer is A .
• Question 1054: Modern business philosophy emphasizes Options:
  A) quality products
  B) customer satisfaction
  C) sales volume
  D) public relations
  Show Answer
  The correct answer is B .
• Question 1055: The agency in Nigeria which ensure that products conform to government quality specification is the Options:
  A) Nigerian consumers’ association
  B) Manufacturers' Association of Nigeria
  C) Standard Organization of Nigeria
  D) Nigerian Chamber of commerce
  Show Answer
  The correct answer is C .
• Question 1056: In product pricing, which of these elements need more consideration than others? Options:
  A) The cost of producing the product
  B) The economic conditions in the market
  C) the demography of the buyers of the product
  D) The demand for the product
  Show Answer
  The correct answer is A .
• Question 1057:

  The transmission of the telephone services from one country to another is facilitated by

  Options:
  A) international facility
  B) internet services
  C) interconnectivity
  D) communication satellite
  Show Answer
  The correct answer is D .
• Question 1058: A current account is beneficial to its holder as? Options:
  A) cheques can be issued to anybody
  B) customers cannot withdraw frequently
  C) it is only the holder that can make withdrawals
  D) it allows customers the use of passbooks
  Show Answer
  The correct answer is A .
• Question 1059: The best mode of ensuring that items posted got to the named address through? Options:
  A) recorded delivery
  B) registered mail
  C) certificate of posting
  D) express mail
  Show Answer
  The correct answer is B .
• Question 1060:

  Given:

  Sales...........................N15 000

  Opening stock...................N5 600

  Purchases.......................N9 700

  Closing stock...................N4 400

  Gross profit....................N4 500

  Net profit......................N2 200

  From the data above, calculate the rate of turnover?

  Options:
  A) 3:50 times
  B) 3:00 times
  C) 2:00 times
  D) 2:18 times
  Show Answer
  The correct answer is D .