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 1831:

  The right to buy or sell stock in the stock exchange within a stipulated period is

  Options:
  A) option
  B) contango
  C) backwardation
  D) brokerage
  Show Answer
  The correct answer is A .
• Question 1832: Commerce includes all the occupations concerned with? Options:
  A) sales
  B) production
  C) marketing
  D) distribution
  Show Answer
  The correct answer is D .
• Question 1833: The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of Options:
  A) privatization
  B) commercialization
  C) indigenization
  D) nationalization
  Show Answer
  The correct answer is B .
• Question 1834: Invisible imports consist of? Options:
  A) cement, shipping and consultancy services
  B) banking, drinks , insurance and technical services
  C) consultant services, tourism and banking
  D) tourism, banking and canned food and cement
  Show Answer
  The correct answer is C .
• Question 1835: Which of the following is the best method for computing working capital Options:
  A) Total assets less current liabilities
  B) Current liabilities less current assets
  C) Fixed liabilities less current assets
  D) Current assets less current liabilities
  Show Answer
  The correct answer is A .
• Question 1836:

  A partner who contributes only his name to the formation of a partnership is

  Options:
  A) a nominal partner
  B) a limited partner
  C) a general partner
  D) an active partner
  Show Answer
  The correct answer is A .
• Question 1837:

  The creation of goods and services to satisfy human wants is referred to as

  Options:
  A) manufacturing
  B) commercialization
  C) production
  D) entrepreneurship
  Show Answer
  The correct answer is C .
• Question 1838: An agent who brings a customer into business contact with his principle is known as? Options:
  A) a del credere agent
  B) an auctioneer
  C) a factor
  D) a broker
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  The correct answer is D .
• Question 1839: A bill of exchange paid before its due date at an amount less than its face value is said to have been Options:
  A) accepted
  B) rejected
  C) discounted
  D) dishonoured
  Show Answer
  The correct answer is C .
• Question 1840: One disadvantages of advertising is that it — Options:
  A) could be misleading
  B) decreases sales
  C) reduces profit
  D) causes over stocking
  Show Answer
  The correct answer is A .