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 1521: The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as Options:
  A) current account
  B) monetary movement account
  C) capital account
  D) social-welfare account
  Show Answer
  The correct answer is B .
• Question 1522: The service of a textile worker are an example of? Options:
  A) extractive activity
  B) commercial activity
  C) manufacturing
  D) construction
  Show Answer
  The correct answer is C .
• Question 1523: Inventory control is an aspect of a Options:
  A) operations research
  B) materials management
  C) C the organizing function
  D) D span of control
  Show Answer
  The correct answer is B .
• Question 1524: In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the? Options:
  A) directors
  B) creditors
  C) promoters
  D) court
  Show Answer
  The correct answer is A .
• Question 1525: The lumbering of trees by a furniture company is an example of Options:
  A) primary production
  B) secondary production
  C) tertiary production
  D) direct production
  Show Answer
  The correct answer is A .
• Question 1526: Given

  	N
  sales	15,000
  opening stock	5,600
  purchase	9,700
  closing stock	4,400
  gross profit	4,500
  net profit	2,000

  What is the rate of turnover from the table?

  Options:
  A) 3.50 times
  B) 3.00 times
  C) 2.00 times
  D) 2.18
  Show Answer
  The correct answer is D .
• Question 1527: Marketing skimming is an example of? Options:
  A) market penetration
  B) sales promotion
  C) pricing policy
  D) advertising
  Show Answer
  The correct answer is A .
• Question 1528: One way government reduces the repatriation of capital is through Options:
  A) nationalization
  B) divestiture
  C) indidenization
  D) naturalization
  Show Answer
  The correct answer is C .
• Question 1529:

  A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

  Options:
  A) pre-emptive right
  B) over-subscription right
  C) ex-dividend right
  D) shareholders right
  Show Answer
  The correct answer is A .
• Question 1530: Drawing two parallel lines across a cheque means that it has to be paid into the account of the Options:
  A) payee
  B) drawer
  C) drawee
  D) payer
  Show Answer
  The correct answer is A .