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 1721:

  The process of dividing tasks into jobs and departments and delegating authority is known as

  Options:
  A) organizing
  B) staffing
  C) directing
  D) leading
  Show Answer
  The correct answer is A .
• Question 1722: The financial instrument that entitles the holder to receive dividend and capital gains is a? Options:
  A) share
  B) bond
  C) bill of exchange
  D) treasury bill
  Show Answer
  The correct answer is A .
• Question 1723: Which of the following must be present in an agency by agreement? Options:
  A) intentions
  B) will
  C) consent
  D) authority
  Show Answer
  The correct answer is A .
• Question 1724: The stock Exchange helps to provide capital for of industrial project because it Options:
  A) determines value of shares, stocks and other securities
  B) assist government in implementing its monetary plicies
  C) assist companies to exchange their securities into cash
  D) renders agency services to organizations and government
  Show Answer
  The correct answer is C .
• Question 1725: Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized Options:
  A) companies
  B) brokers
  C) investors
  D) principals.
  Show Answer
  The correct answer is B .
• Question 1726: A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it Options:
  A) serves as a mechanism for evaluating an unrealistic exchange rate for the naira
  B) creates unhealthy competition amongst users of foreign exchange
  C) contributes to destabilizing national resource allocation
  D) contributes to flooding the market with foreign essential commodities
  Show Answer
  The correct answer is B .
• Question 1727: The most important function of commerce is? Options:
  A) helping people to improve thir profits
  B) facilitaing exchanges among indiviuals and firms
  C) assisting trade through banking and insurance
  D) enhancing business relationships
  Show Answer
  The correct answer is B .
• Question 1728: The insurance principle that allows an insurance an insurance company to take over the rights of the insured once he has been compensated is Options:
  A) indemnity
  B) proximate cause
  C) utmost good faith
  D) subrogation
  Show Answer
  The correct answer is D .
• Question 1729: A major factor hindering effective communication process is? Options:
  A) climate condition
  B) social unrest
  C) distance
  D) noise
  Show Answer
  The correct answer is D .
• Question 1730:

  The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is

  Options:
  A) consolidation
  B) rejuvenation
  C) diversification
  D) focus
  Show Answer
  The correct answer is A .