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 121: The instrument used in the capital market is? Options:
  A) treasury bills
  B) bill of exchange
  C) stock
  D) debenture
  Show Answer
  The correct answer is C .
• Question 122: The most important difference between community banks and peoples’ bank is that the? Options:
  A) latter is owned solely by government while the former are not
  B) former cater for ruler dwellers while the latter cater for both rural and urban dwellers
  C) former are service oriented while the latter are profit oriented
  D) latter advances loans to the public while former advance loans to the rural dwellers only.
  Show Answer
  The correct answer is A .
• Question 123: A motor dealer who agreed to sell a car to Mr X but delivered it to Mr Y on the delivery date agreed with Mr X. He has discharged the contract by Options:
  A) performance
  B) frustration
  C) an agreement
  D) breach
  Show Answer
  The correct answer is D .
• Question 124:

  Money is generally acceptable for transaction due to

  Options:
  A) The rule of the law
  B) Its acceptability in the global market
  C) The legal backing
  D) The central bank’s Governor’s signature
  Show Answer
  The correct answer is C .
• Question 125: The primary motive behind an individual engaging in production is to? Options:
  A) fully engaged all the factors of production
  B) make available goods and services
  C) meets projected profit
  D) meet basic human needs
  Show Answer
  The correct answer is C .
• Question 126: An important social reason for development tourism in Nigeria is the? Options:
  A) promotion of culture interaction
  B) provision of job oppurtunities
  C) improvement of he balance of payments
  D) encouragement of international relations
  Show Answer
  The correct answer is A .
• Question 127:

  Use the information below to answer this question

  A B C Balance Sheet as at 31/12/2004

  ₦ Share capital 200,000 Reserves 100,000 Long term liabilities 40,000 Current liabilities 30,000 370,000

  ₦ Fixed assets 180,000 Investment 100,000 Current assets 50,000 Fictitious assets 40,000370,000

  The total sum of financing short term projects is

  Options:
  A) ₦ 30,000
  B) ₦200,000
  C) ₦70,000
  D) ₦40,000
  Show Answer
  The correct answer is B .
• Question 128: The primary memory component of a computer is the? Options:
  A) cache
  B) console
  C) assemblers
  D) compilers
  Show Answer
  The correct answer is A .
• Question 129: The macro-environment forces and trends which are a constraint on business operations are referred to as? Options:
  A) technological factors
  B) economic factors
  C) external factors
  D) internal factors
  Show Answer
  The correct answer is A .
• Question 130: Which of the following is classified as an immaterial want? Options:
  A) Protection
  B) Raw materials
  C) Machines
  D) Goods and Services
  Show Answer
  The correct answer is A .