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 131:

  Which function of money is described in the following statement?

  It serves as a medium through which business transactions are carried out

  Options:
  A) Standard for deferred payments s
  B) Medium of exchange
  C) Store of value
  D) Unit of account
  Show Answer
  The correct answer is A .
• Question 132: The World Tourism Organization has its headquarters in? Options:
  A) New York
  B) Paris
  C) Madrid
  D) London
  Show Answer
  The correct answer is A .
• Question 133:

  When the cost of sales is divided by the average stock, the result is

  Options:
  A) gross profit
  B) net profit
  C) rate of turnover
  D) working capital
  Show Answer
  The correct answer is C .
• Question 134: The type of securities that the stock exchange deals with are Options:
  A) warrants, currency notes, money orders and postal orders
  B) cheques, bankdrafts , warrants and promissory notes
  C) bonds ivory, treasure bills, debentures and warrants
  D) stocks, shares, bonds and warrants.
  Show Answer
  The correct answer is D .
• Question 135: A major setback of international trade is? Options:
  A) inadequate exports
  B) economic sanctions
  C) devaluation of currency
  D) exchange rate appreciation
  Show Answer
  The correct answer is B .
• Question 136:

  

  Determine the owner's equity.

  Options:
  A) N 38 000 000
  B) N 20 000 000
  C) N 42 000 000
  D) N 25 000 000
  Show Answer
  The correct answer is A .
• Question 137:

  All except one is not a corporation and boards at the federal level

  Options:
  A) FRCN
  B) NNPC
  C) CBN
  D) MAN
  Show Answer
  The correct answer is D .
• Question 138: Discounts offered by firms to middlemen for bulk purchases are? Options:
  A) trade discounts
  B) sales bonanza
  C) cash discounts
  D) seasonal discount
  Show Answer
  The correct answer is A .
• Question 139: The input, output and central processing units are the basic components of a computer's? Options:
  A) memory
  B) printer
  C) hardware
  D) software
  Show Answer
  The correct answer is C .
• Question 140: How much was the trade discount? Options:
  A) N42.500
  B) N27,500
  C) N22,500
  D) N20,000
  Show Answer
  The correct answer is A .