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 1791: One of the factors of determining the volume of production is Options:
  A) availablity of forex
  B) availability of storage facilities
  C) the location of the business
  D) the number of skilled manpower
  Show Answer
  The correct answer is B .
• Question 1792: Inbound tourism occurs when Options:
  A) non-resident s of a country travel within it.
  B) non- resident of a country travel to other countries
  C) resident of a country travel within it
  D) Residents of a country travel to other countries.
  Show Answer
  The correct answer is C .
• Question 1793:

  Current account holders withdraw money through

  Options:
  A) Credit card
  B) Cheque
  C) Transfer
  D) Withdrawal form
  Show Answer
  The correct answer is B .
• Question 1794: A bank statement is a document Options:
  A) ordering a bank to pay on demand a stated sum of money
  B) containing records of receipts, payments and balance on an account
  C) used for paying into bank account
  D) used for regular withdrawal of money from a savings account
  Show Answer
  The correct answer is B .
• Question 1795: The major source of income to commercial banks is? Options:
  A) tourism
  B) banking
  C) communication
  D) transportation
  Show Answer
  The correct answer is C .
• Question 1796:

  The maximum number of shareholders in a public liability company is

  Options:
  A) twenty
  B) one hundred
  C) fifty
  D) unlimited
  Show Answer
  The correct answer is D .
• Question 1797: Enter pot trade is said to have taken place when goods are? Options:
  A) held at the port payment of custom duty
  B) sold in the ship under special regulation
  C) imported and then re-export
  D) kept for further processing before sales
  Show Answer
  The correct answer is C .
• Question 1798: Which of the following is a function of employers’ associate? Options:
  A) undertaking research on behalf of employees
  B) promotion of thrift in workers
  C) promotion of workers'welfare
  D) Dissemination of information through sponsored journals
  Show Answer
  The correct answer is C .
• Question 1799:

  All but one is not a barriers to foreign trade

  Options:
  A) Natural Barriers
  B) Economic Barriers
  C) Social and Language Barriers
  D) Trade Fair
  Show Answer
  The correct answer is D .
• Question 1800: An ancillary to trade which promotes socio - cultural development all over the world is Options:
  A) transportation
  B) communication
  C) tourism
  D) insurance
  Show Answer
  The correct answer is C .