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 1731:

  The main documents sent to an importer of goods by the exporter are

  Options:
  A) bill of lading, invoice, insurance policy, consular invoice, certificate of origin and bill of exchange
  B) indent, bill of lading, certificate of origin, invoice and bill of exchange
  C) certificate of origin, bill of exchange, invoice, insurance policy, indent and bil of lading
  D) invoice, consular invoice, certificate of origin, freight note, indent and insurance policy
  Show Answer
  The correct answer is A .
• Question 1732:

  The issue of prospectus by a company is an invitation to members of the public to

  Options:
  A) subscribe to the company's shares
  B) attend the company's Annual general Meeting
  C) buy the company's products
  D) attend the company's board meeting
  Show Answer
  The correct answer is A .
• Question 1733:

  The temporary working area of the control processing unit is called the?

  Options:
  A) CD-ROM
  B) CD-RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is D .
• Question 1734: The ECOBANK is the initiative of? Options:
  A) some well-meaning Nigerian shareholders
  B) the Federal Government of Nigeria
  C) West African states tto foster trade
  D) the Lagos State Governement to enhance capital mobilization
  Show Answer
  The correct answer is C .
• Question 1735:

  When does production ends?

  Options:
  A) When the goods are distributed to the wholesalers
  B) When the goods reaches the retailer
  C) When the goods reaches the final consumers
  D) When the goods are fully packaged
  Show Answer
  The correct answer is C .
• Question 1736:

  The temporary working area of the control processing unit is called the?

  Options:
  A) CD-ROM
  B) CD-RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is D .
• Question 1737:

  Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

  	₦		₦
  Opening stock Purchase	1000 7000	Sales	8000
  Closing Stock	3000

  Trading Expenses

  Electricity Salaries Rent Depreciations

  ₦ 135 875 180 210

  From the figures given, calculate

  Net profit

  Options:
  A) 1400
  B) 5000
  C) 1600
  D) 6400
  Show Answer
  The correct answer is C .
• Question 1738: The efficiency of an organization is enhanced by? Options:
  A) government assistance
  B) the host community
  C) customer support
  D) skilled manpower
  Show Answer
  The correct answer is D .
• Question 1739:

  The macro-environmental forces and trends which are a constraint on business operations are referred to as

  Options:
  A) internal factors
  B) technological factors
  C) economic factors
  D) external factors
  Show Answer
  The correct answer is D .
• Question 1740:

  An example of vertical integration is___________

  Options:
  A) Trust
  B) Cartel
  C) Merger
  D) Price Ring
  Show Answer
  The correct answer is A .