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 1161: The pivot on the wheel of commerce rotates is Options:
  A) tariff
  B) trade
  C) taxation
  D) price
  Show Answer
  The correct answer is B .
• Question 1162: Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up the remaining 50 million shares have Options:
  A) Not yet been issued
  B) Been applied for but not issued
  C) Not been paid-up
  D) Been issued but have not been paid-up
  Show Answer
  The correct answer is A .
• Question 1163: The main factors militating against the rapid growth of trade in Nigeria are? Options:
  A) inadequate transportation network and huge capital outlay
  B) lack of motivation and government attitude towards trade
  C) lacks of good transportation network and insecurity of investment
  D) huge capital outlay and government attitude to trade
  Show Answer
  The correct answer is C .
• Question 1164: The balance of payments of countries is Options:
  A) a record of imports and export
  B) a systematic record of transaction among countries at a given time
  C) the current and the capital accounts and their payments
  D) the trade relationships and payment among nations
  Show Answer
  The correct answer is A .
• Question 1165: The body with the responsibility to register shares for subscription on the stock market in Nigeria is the? Options:
  A) Securties and Exchange Commission
  B) Nigerian Stock Exchange
  C) Nigerian Deposit Insurance Company
  D) Central Bank of Nigeria
  Show Answer
  The correct answer is A .
• Question 1166:

  Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.

  Which of the above is aid to trade?

  Options:
  A) i, ii, iii and Viii
  B) iii, V, Vi and Viii
  C) i, ii, iii and Vi
  D) ii, V,Vi, and Vii
  Show Answer
  The correct answer is B .
• Question 1167: The two main categories under which marine losses fall into are? Options:
  A) particular loss and average loss
  B) actual loss and average loss
  C) total loss and partial loss
  D) voyage policy loss and time policy loss
  Show Answer
  The correct answer is C .
• Question 1168:

  

  Use the diagram above to answer the question.

  What does V represent?

  Options:
  A) Ais to trade
  B) Advertising
  C) Manufacturing
  D) industry
  Show Answer
  The correct answer is A .
• Question 1169: The initial function of a manager is Options:
  A) setting up an organisation
  B) coordinating
  C) planning
  D) provision of welfare package
  Show Answer
  The correct answer is B .
• Question 1170: An advantage of the Second-Tier Securities Market to an economy is in Options:
  A) creating avenues for investment
  B) regulating competition amongst companies
  C) granting financial assistance to consumers
  D) increasing companies profit margins
  Show Answer
  The correct answer is A .