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 111:

  A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.

  What is the authorized capital?

  Options:
  A) N40 000
  B) N50 000
  C) 100 000
  D) 200 000
  Show Answer
  The correct answer is B .
• Question 112: An example of extractive occupation is ______ Options:
  A) mining
  B) teaching
  C) banking
  D) driving
  Show Answer
  The correct answer is A .
• Question 113: The development of commercial activate in Nigeria was harnessed by Options:
  A) A good storage system
  B) Availability of market
  C) Increase in production
  D) Activities
  Show Answer
  The correct answer is A .
• Question 114: When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is Options:
  A) product
  B) price
  C) promotion
  D) place
  Show Answer
  The correct answer is D .
• Question 115: Occupations are classified into? Options:
  A) production, labour and economics
  B) extraction, construction and manufacturing
  C) industry, commerce and serves
  D) trade, aids to trade and serivices
  Show Answer
  The correct answer is C .
• Question 116: A historical building is a feature of? Options:
  A) cultural tourism
  B) industrial tourism
  C) agricultural tourism
  D) ecological tourism
  Show Answer
  The correct answer is A .
• Question 117: A group of assets which a business acquires with the intention of reselling them are referred to as? Options:
  A) current assets
  B) investment assets
  C) fixed assets
  D) intangible assets
  Show Answer
  The correct answer is A .
• Question 118: The pooling of business information for the benefit of members s is a major function of a? Options:
  A) pressure group
  B) trade association
  C) cultural group
  D) trade union
  Show Answer
  The correct answer is B .
• Question 119: The main purpose of insurance is to Options:
  A) encourage business to surviveand grow
  B) ensures that facilities are available for operators
  C) accepts risk s and extend credit to policy holders
  D) spread individual losses ove all covered participants
  Show Answer
  The correct answer is D .
• Question 120: The managerial ability of a supervisor in an organization may be underutilized if the? Options:
  A) morale of the supervisedis high
  B) span of control is wide
  C) span of control is narrow
  D) morale of thr supervisor is low
  Show Answer
  The correct answer is C .