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 1771: Which of the following is NOT a function of the stock exchange market? Options:
  A) providing long term loans to large scale enterprises
  B) encouraging people to buy shares and thereby providing capital for investment
  C) providing means of assessing the value of a firm's assets
  D) enabling firms to wind-up quickly in times of difficulties
  Show Answer
  The correct answer is D .
• Question 1772: The social responsibility factor of an organization is geared towards Options:
  A) contributing to the sustenance and development of its host community
  B) operating without disrupting the very esssence of the environment
  C) tackling the soci-economic problems of the state
  D) meeting the needs and demands of the shareholders
  Show Answer
  The correct answer is A .
• Question 1773:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 1774:

  The difference between the central bank and commercial bank is that the former

  Options:
  A) serves as lender of last resort
  B) discount treasury bills
  C) saves valuable of individual
  D) give loans to the public
  Show Answer
  The correct answer is A .
• Question 1775: A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only Options:
  A) after the offeror has made an offer
  B) when the offeror's letter has reached the offeree
  C) when the offeree's letter has been posted
  D) after the offeree's letter has been recieved by the offeror
  Show Answer
  The correct answer is D .
• Question 1776: In case of a liquidation of a public limited liability company, those that are first paid are Options:
  A) ordinary shareholders
  B) prefernce shareholders
  C) cumulative preference shareholders
  D) debenture holders
  Show Answer
  The correct answer is D .
• Question 1777: The concept that refers to the sale, transfer or exchange of goods and services is Options:
  A) industry
  B) trade
  C) tariff
  D) marketing
  Show Answer
  The correct answer is B .
• Question 1778: Which of the following aspects of marketing stimulates buying by providing free gifts Options:
  A) a personal selling
  B) sales promotion
  C) advertising
  D) publicity
  Show Answer
  The correct answer is B .
• Question 1779: The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is? Options:
  A) hull insurance
  B) time insurance
  C) freight insurance
  D) cargo insurance
  Show Answer
  The correct answer is A .
• Question 1780: Which of the following is a form of sales promotion Options:
  A) advertising on radio
  B) offering free sample
  C) distributing printed materials
  D) advertising on television
  Show Answer
  The correct answer is B .