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 11: A factor necessary for siting a warehouse is nearness to Options:
  A) raw materials
  B) labour
  C) capital
  D) consumers
  Show Answer
  The correct answer is D .
• Question 12: In order to prevent Liquidity in commercial banks, the central banks uses? Options:
  A) moral suasion
  B) fiscal policy
  C) reserve ratio
  D) taxation
  Show Answer
  The correct answer is C .
• Question 13: Drawing two parallel lines across a cheque means that it has to be paid into the account of the Options:
  A) payee
  B) drawer
  C) drawee
  D) payer
  Show Answer
  The correct answer is A .
• Question 14: 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 15: Which Commerce Question Paper is given to you? Options:
  A) Type A
  B) Type B
  C) Type C
  D) Type D
  Show Answer
  The correct answer is B .
• Question 16:

  One of the disadvantages of sole proprietorship is

  Options:
  A) limited liability
  B) pride of ownership
  C) unlimited liability
  D) secrecy of annual reports
  Show Answer
  The correct answer is C .
• Question 17:

  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 18: A source of capital to private limited companies is shares issued to Options:
  A) the public
  B) selected persons
  C) members of the borad of directors
  D) dedicated members of staff
  Show Answer
  The correct answer is B .
• Question 19:

  The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is

  Options:
  A) consolidation
  B) rejuvenation
  C) diversification
  D) focus
  Show Answer
  The correct answer is A .
• Question 20: Which of the followingis a modern trend in retailing ? Options:
  A) Kiosk
  B) Mobile shop
  C) Vending machine
  D) Tied shop
  Show Answer
  The correct answer is C .