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 1191:

  The central working system of a computer used for data processing is the

  Options:
  A) monitor
  B) floppy disk drive
  C) hard drive
  D) memory unit
  Show Answer
  The correct answer is D .
• Question 1192: The portion of the authorized share capital given out to the public for subscription is Options:
  A) called-up capital
  B) issued capital
  C) paid-up capital
  D) reserved capital
  Show Answer
  The correct answer is B .
• Question 1193: The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of Options:
  A) Product concept
  B) Marketing concept
  C) Distribution concept
  D) Price concept
  Show Answer
  The correct answer is B .
• Question 1194:

  In law of contract, a counter offer operates as

  Options:
  A) an acceptance
  B) a rejection
  C) an offer
  D) a contract
  Show Answer
  The correct answer is B .
• Question 1195:

  $\begin{array}{cc}N& N\\ \text{Capital 8000}& \text{Plant and machinery5000}\\ \text{Net profit 4000}& \text{Motor Van 4500}\\ \text{Drawings 200}& \text{Stock 2000}\\ \text{Creditors 2000}& \text{Debtors 1000}\\ \text{Accurals 300}& \text{Banks 100}\\ & \text{Cash 600}\\ 14100& 14100\end{array}$

  What is the current ration?

  Options:
  A) 4 : 1
  B) 5 : 1
  C) 3 : 1
  D) 2 : 1
  Show Answer
  The correct answer is D .
• Question 1196: The process of creating more for a product is called? Options:
  A) advertising
  B) marketing
  C) promotion
  D) consumerism
  Show Answer
  The correct answer is C .
• Question 1197:

  Which of the following is not a characteristic of a commercial bank?

  Options:
  A) Established as limited liability company
  B) Established by individuals or organizations
  C) Established to issue bank notes
  D) Established with the view of making profit
  Show Answer
  The correct answer is C .
• Question 1198: A Memorandum of Association is applicable to a? Options:
  A) sole trader
  B) joint company
  C) partnership
  D) public corporation
  Show Answer
  The correct answer is B .
• Question 1199: Foreign trade also involves? Options:
  A) providing services for other countries
  B) specialization and the exchange of goods in a country
  C) buying and selling within a country
  D) the exchange of goods and services between firms
  Show Answer
  The correct answer is A .
• Question 1200: The marketing approach by which a firm carries out detailed analysis of itself, the consumers and its competitors is known as? Options:
  A) market analysis
  B) marketing mix analysis
  C) marketing opportunities analysis
  D) market survey
  Show Answer
  The correct answer is D .