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 1461: The Nigerian Telecommunications Limited is a? Options:
  A) jointly owned company
  B) public corpoation
  C) privately owned company
  D) public company
  Show Answer
  The correct answer is B .
• Question 1462:

  Thee major aim of consumer orientation is_________

  Options:
  A) consumer satisfaction
  B) consumer sovereignty
  C) what to produce
  D) market research
  Show Answer
  The correct answer is A .
• Question 1463:

  The theory of International trade is based on_________

  Options:
  A) Principles of management
  B) Principles of comparative cost
  C) Principle of double entry
  D) Theory of migration
  Show Answer
  The correct answer is B .
• Question 1464:

  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 1465:

  An example of vertical integration is___________

  Options:
  A) Trust
  B) Cartel
  C) Merger
  D) Price Ring
  Show Answer
  The correct answer is A .
• Question 1466: A worker who process rice is engaged in? Options:
  A) constructive activity
  B) comercial activity
  C) extractive activity
  D) manufactural activity
  Show Answer
  The correct answer is D .
• Question 1467: Fluctuations in the supply of goods may be eliminated if the distribution system maintains? Options:
  A) modern technology
  B) a team of retailers
  C) warehouse services
  D) sufficient middlemen
  Show Answer
  The correct answer is A .
• Question 1468: The person who undertakes any risk in insurance business is known as Options:
  A) a broker
  B) an underwriter
  C) an insurer
  D) an actuary
  Show Answer
  The correct answer is B .
• Question 1469: The location of a business is mostly influenced by? Options:
  A) market outlet
  B) management decision
  C) capital
  D) environment
  Show Answer
  The correct answer is D .
• Question 1470:

  An internal source of finance to an enterpreneur is

  Options:
  A) trade
  B) retained earning
  C) overdraft
  D) debenture
  Show Answer
  The correct answer is B .