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 1631:

  One of the obstacles to achieving the objectives of ECOWAS is?

  Options:
  A) lack of a common currency
  B) colonial linkages
  C) sovereignty of state
  D) language difference
  Show Answer
  The correct answer is D .
• Question 1632: Which of these is both merit and demerit in partnership? Options:
  A) The number of partners
  B) It unlimited nature
  C) The bearing of risk
  D) The withdrawal of a major partner
  Show Answer
  The correct answer is A .
• Question 1633: An association to which all chambers of commerce in Nigeria are affiliated is the? Options:
  A) Nigeria Labour Congress
  B) National Association of Chambers of commerce, industry, Mines and Agriculture
  C) Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
  D) Nigeria Stock Exchange
  Show Answer
  The correct answer is C .
• Question 1634: In which of the following circumstances is a court order NOT necessary for the winding up of a company? Options:
  A) supension of businesss for one year
  B) special resolution of members
  C) reduction in the number of members below the legal minimum
  D) inability to pay it debts
  Show Answer
  The correct answer is B .
• Question 1635: Partnerships are most effective where? Options:
  A) the partners are family friends
  B) professionals are involved
  C) members can easily raise enough capital
  D) government regulations are favorable
  Show Answer
  The correct answer is B .
• Question 1636: 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 1637:

  A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?

  Options:
  A) conduct
  B) necessity
  C) ratification
  D) estoppel
  Show Answer
  The correct answer is B .
• Question 1638: Electronic computers differ and minimize errors in a? Options:
  A) faster and more accurate manner
  B) more organized manner
  C) faster but less accurate manner
  D) slower but more accurate manner
  Show Answer
  The correct answer is A .
• Question 1639:

  From which of the following sources can partnership increase their capital?

  Options:
  A) Sales of shares
  B) Admission of new partners
  C) Discharge of mortgage
  D) Grants from relatives
  Show Answer
  The correct answer is B .
• Question 1640: In which of the following sets of occupations can an industrial worker be found? Options:
  A) extraction commerce and construction
  B) manufacturing extraction and banking
  C) construction, quarrying and insurance
  D) manufacturing , extraction and construction
  Show Answer
  The correct answer is D .