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 1151: Part payments made on allotted shares by subscribers is usually the Options:
  A) subscribed capital
  B) authorized capital
  C) issued capital
  D) called-up capital
  Show Answer
  The correct answer is D .
• Question 1152:

  The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves

  Options:
  A) face-to-face communication with customers
  B) distributing instructional posters
  C) premium programming for Customers
  D) publishing promotional hooklets
  Show Answer
  The correct answer is A .
• Question 1153: The difference between the buying and selling price of shares is known as? Options:
  A) brokerage
  B) margin
  C) jobber's turn
  D) gross profit
  Show Answer
  The correct answer is C .
• Question 1154: An association to which all chambers of commerce in Nigeria are affiliated is the? Options:
  A) Nigeria Labour Congress
  B) National Association of Chambers of commerce, industry, Mines and Agriculture
  C) Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
  D) Nigeria Stock Exchange
  Show Answer
  The correct answer is C .
• Question 1155: The acronym PLC is used to identify a? Options:
  A) company limited by shares
  B) private company limited by shares
  C) public company limited by shares
  D) company limited by guarantee
  Show Answer
  The correct answer is C .
• Question 1156: The payment for direct service is usually made by the Options:
  A) local authority
  B) community
  C) government
  D) individual
  Show Answer
  The correct answer is D .
• Question 1157:

  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 .
• Question 1158: The type of activity which turns processed raw materials into consumer and industrial goods is described as ________ Options:
  A) extractive
  B) manufacturing
  C) constructive
  D) processing
  Show Answer
  The correct answer is B .
• Question 1159: The line function in a typical manufacturing enterprise is normally performed by the Options:
  A) public relations department
  B) estate or properties department
  C) marketing department
  D) legal department
  Show Answer
  The correct answer is C .
• Question 1160: The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a Options:
  A) consular invoice
  B) certificate of origin
  C) bill of lading
  D) close indent
  Show Answer
  The correct answer is B .