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 1561:

  Dealers in stock exchange such as bulls, bears and stags are categorized as

  Options:
  A) actuaries
  B) promoters
  C) speculators
  D) underwriter
  Show Answer
  The correct answer is C .
• Question 1562: The daily official publications of the Nigeria Stock Exchange give detailed information on the? Options:
  A) changes in the official rules set by the market
  B) method of transactions agreed upon by members
  C) participation of members in a day
  D) changes in the price of securities
  Show Answer
  The correct answer is C .
• Question 1563: Warehousing is important to manufacturers because it helps to? Options:
  A) improve the quality of goods
  B) produce goods in advance
  C) meet the demand of customers
  D) determine input rquirements
  Show Answer
  The correct answer is B .
• Question 1564: Sole enterprise may flourish best in Options:
  A) a mining business
  B) a retailing business
  C) an oil exploration business
  D) a car assembly business
  Show Answer
  The correct answer is B .
• Question 1565:

  Any activity directed at conveying commodities to buyers is an aspect of

  Options:
  A) delivering
  B) advertising
  C) selling
  D) marketing
  Show Answer
  The correct answer is D .
• Question 1566: The activities of consumers association in Nigeria have not been effective because Options:
  A) the consumers are too many
  B) the government is not favourabley dispose towards consumerism
  C) there is poor enlightenment about consumer rights
  D) the consumers have no medium for expressing their feelings
  Show Answer
  The correct answer is D .
• Question 1567: Goods imported into a country for the purpose of re-exporting attracts a rebate known as Options:
  A) customs draw back
  B) export royalty
  C) incentive
  D) export rebate
  Show Answer
  The correct answer is A .
• Question 1568: To make a simple contract valid, the intention must be? Options:
  A) legal and written
  B) legal and binding
  C) legal and attractive
  D) legal and harmonious
  Show Answer
  The correct answer is B .
• Question 1569:

  Insurance against burglary is an example of

  Options:
  A) non-indemnity insurance
  B) non-insurable risk
  C) indemnity insurance
  D) fidelity guarantee insurance
  Show Answer
  The correct answer is C .
• Question 1570:

  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 .