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 2041: The shares of a company listed on the stock exchange for sale are referred to as? Options:
  A) registered shares
  B) deferred shares
  C) issued shares
  D) quoted shares
  Show Answer
  The correct answer is D .
• Question 2042:

  Given:
  Opening stock: ₦1,800
  Purchases: ₦2,800
  Sales: ₦8,000
  Closing stock: ₦350
  Carriage on sales: ₦500

  Calculate the value of the unused stock.

  Options:
  A) #800
  B) #500
  C) #350
  D) #320
  Show Answer
  The correct answer is C .
• Question 2043:

  Current account holders withdraw money through

  Options:
  A) transfer
  B) credit cards
  C) withdrawal form
  D) cheque
  Show Answer
  The correct answer is D .
• Question 2044: What is the most important use of promotion in marketing? Options:
  A) Persuasion
  B) Conviction
  C) Information
  D) Education
  Show Answer
  The correct answer is C .
• Question 2045: One of the facilities enjoyed by a current account holder is? Options:
  A) a dividend
  B) a bonus
  C) an overdraft
  D) interest on deposits
  Show Answer
  The correct answer is C .
• Question 2046: The members of the Niger Basin Commission include? Options:
  A) Guinea, Ghana and Niger Republic
  B) Burkina Faso, Guinea and Nigeria
  C) The Gambia, Benin Republic and Chad
  D) Nigeria, Benin Republic and Chad Republic
  E) Nigeria, the Gambia and Cameroun
  Show Answer
  The correct answer is B .
• Question 2047:

  The function of commerce in relation to production is

  Options:
  A) helping in the extraction of raw materials from nature
  B) yielding result
  C) providing a link between the different stage of conversion of good
  D) satisfying
  Show Answer
  The correct answer is D .
• Question 2048:

  

  Use the table above to answer this question.

  If Mr. N takes a fire insurance policy with average clause, his compensation will be

  Options:
  A) N 5000
  B) N 7, 500
  C) N 70, 000
  D) N 75, 000
  Show Answer
  The correct answer is B .
• Question 2049:

  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 2050: The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called Options:
  A) simplification
  B) standardization
  C) specialization
  D) satisficing
  Show Answer
  The correct answer is B .