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 1901: Given

  	N
  sales	15,000
  opening stock	5,600
  purchase	9,700
  closing stock	4,400
  gross profit	4,500
  net profit	2,000

  What is the rate of turnover from the table?

  Options:
  A) 3.50 times
  B) 3.00 times
  C) 2.00 times
  D) 2.18
  Show Answer
  The correct answer is D .
• Question 1902: A country is said to be experiencing an unfavorable balance of trade if her Options:
  A) exports exceed imports
  B) visible exports exceed visible imports
  C) imports and exports are equal
  D) visible imports exceed visible exports
  Show Answer
  The correct answer is D .
• Question 1903:

  A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

  Options:
  A) Hardware
  B) Software
  C) Computer remedies
  D) Virus
  Show Answer
  The correct answer is D .
• Question 1904: The document that explains the types of shares available for sale to the public is Options:
  A) a prospectus
  B) an invoice
  C) an open indent
  D) a closed indent
  Show Answer
  The correct answer is A .
• Question 1905:

  

  What is the capital employed?

  Options:
  A) N 200 000
  B) N 340 000
  C) N 170 000
  D) N 300 000
  Show Answer
  The correct answer is D .
• Question 1906:

  The document that explains the types of shares available for sale to the public is

  Options:
  A) a prospectus
  B) an invoice
  C) closed indent
  D) an open indent
  Show Answer
  The correct answer is A .
• Question 1907: Activities undertaken to create awareness for goods by conducting contest is? Options:
  A) marketing concept
  B) consumerism
  C) sales promotion
  D) marketing mix
  Show Answer
  The correct answer is C .
• Question 1908:

  The difference between a country's imports and exports of goods in a particular year is

  Options:
  A) terms of trade
  B) terms of payment
  C) balance of payment
  D) balance of trade
  Show Answer
  The correct answer is C .
• Question 1909: The main advantage of road transport is that it is Options:
  A) convenient and flexible
  B) cheap and direct
  C) common and fast
  D) safe and available
  Show Answer
  The correct answer is A .
• Question 1910: Printed messages sent by cable are recorded as Options:
  A) telegram
  B) SMS
  C) telex
  D) MMS
  Show Answer
  The correct answer is A .