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 1861: Leasing is the right to use asset for an agreed period in return for Options:
  A) profit
  B) interest
  C) wages
  D) rents
  Show Answer
  The correct answer is D .
• Question 1862: Public relations and advertising are similar in terms of? Options:
  A) communicating product information
  B) customer education
  C) the mode of operation
  D) creating a favorable attitude
  Show Answer
  The correct answer is A .
• Question 1863: A new company requiring a large amount of equity finance may source funds from the? Options:
  A) capital market
  B) central bank
  C) money market
  D) commercial banks
  Show Answer
  The correct answer is D .
• Question 1864: In which of the following circumstances is a court order NOT necessary for the winding up of a company? Options:
  A) supension of businesss for one year
  B) special resolution of members
  C) reduction in the number of members below the legal minimum
  D) inability to pay it debts
  Show Answer
  The correct answer is B .
• Question 1865: The unit through which result of a processed data are displayed is the? Options:
  A) logic unit
  B) display unit
  C) control unit
  D) output unit
  Show Answer
  The correct answer is D .
• Question 1866: After registration, a certificate of trading is usually issued to a Options:
  A) partnership
  B) public company
  C) private company
  D) sole proprietorship
  Show Answer
  The correct answer is B .
• Question 1867:

  Excise duties are paid on goods that are?

  Options:
  A) imported into the country
  B) manufactured within the country
  C) exported to other countries
  D) kept in bonded warehouse
  Show Answer
  The correct answer is B .
• Question 1868: One of the main objectives of the Second-tier Securities Market in Nigeria is to Options:
  A) achieved a realistic exchange rate for the naira
  B) eliminate currency dealings in the black market
  C) assist companies to raise capital
  D) attract investment flow
  Show Answer
  The correct answer is D .
• Question 1869: One advantage the co-operative society has over the company is that the Options:
  A) the latter pays tax while the former does not
  B) former attract more capitals than the later
  C) members of the former is usually morethan the latter
  D) former, unlike the latter, has limited liabities
  Show Answer
  The correct answer is A .
• Question 1870: Staff position in an organization borders on Options:
  A) authority
  B) advice
  C) responsibility
  D) control
  Show Answer
  The correct answer is C .