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 171: A public limited company can raise long-term loans through Options:
  A) the capital market
  B) the money market
  C) bank overdrafts
  D) discount houses
  Show Answer
  The correct answer is A .
• Question 172: A characteristics of money which ensures that its value is not lost is? Options:
  A) homogeneity
  B) easy portability
  C) divisibility
  D) relative scarcity
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  The correct answer is D .
• Question 173:

  A commission charged on postal order is__________

  Options:
  A) postal zero
  B) postal orders
  C) poundage
  D) brokage
  Show Answer
  The correct answer is C .
• Question 174: An obstacle to international trade is? Options:
  A) trade imbalance between countries
  B) availiability of local market
  C) quantity and quality of labour
  D) cost of finance
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  The correct answer is D .
• Question 175: Manufacturing and constructive activities are classified under? Options:
  A) primary production
  B) tertiary production
  C) secondary production
  D) direct service
  Show Answer
  The correct answer is C .
• Question 176: A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to Options:
  A) protect other lawyers
  B) protect the intergrity of the association
  C) compensate the affected client
  D) prevent the client from sueing the association
  Show Answer
  The correct answer is B .
• Question 177: A printer that burns the print image onto the photosensitive drum is called Options:
  A) dot matrix printer
  B) daisy wheel printer
  C) laser printer
  D) thermal printer
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  The correct answer is C .
• Question 178:

  First Bank of Nigeria is an example of

  Options:
  A) Commercial bank
  B) Central bank
  C) Development bank
  D) Merchant bank
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  The correct answer is A .
• Question 179: An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a Options:
  A) cartel
  B) syndicate
  C) Chamber of Commerce
  D) Nigeria Bar Association
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  The correct answer is C .
• Question 180: For establishment of a powerful consumers' association in Nigeria to exist, there must be Options:
  A) financial and moral support from the public
  B) honest and commited leadership
  C) allocation of goods from the producer
  D) freedom from external influence
  Show Answer
  The correct answer is D .