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 2171: Rights issue means the Options:
  A) issue of shares to the directors of a company on favourable terms
  B) Issue of shares by a company only to the founders of the company
  C) right of shareholders to vote on any issue
  D) issue of shares to shareholders on favourable terms
  Show Answer
  The correct answer is D .
• Question 2172: A major objective of all business resources is ______ Options:
  A) public relation
  B) profit sharing
  C) human relation
  D) profit making
  Show Answer
  The correct answer is D .
• Question 2173: An agent who transacts business with the broker in the stock exchange is a Options:
  A) stag
  B) bull
  C) del credere
  D) jobber
  Show Answer
  The correct answer is D .
• Question 2174: A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects. Options:
  A) debenture
  B) a bond
  C) a term loan
  D) an overdraft
  Show Answer
  The correct answer is A .
• Question 2175:

  Given:
  I. Retail
  II. Export
  III. Transport
  IV. Import
  V. Insurance
  VI. Banking and finance
  VII. Wholesale
  VIII. Communication.

  Which of the above are aids to trade?

  Options:
  A) III, V, VI and VIII
  B) I, II, III and VI
  C) I, III, V, and VI
  D) II, V, VI and VII
  Show Answer
  The correct answer is A .
• Question 2176: 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 2177: The business with the best business objectives is Options:
  A) Okon
  B) Taiwo
  C) Kalu
  D) Musa
  Show Answer
  The correct answer is A .
• Question 2178:

  An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

  Options:
  A) Telephone
  B) Telegram
  C) Telex
  D) NITEL
  Show Answer
  The correct answer is B .
• Question 2179: The fees charged on postal order by the post office is _____? Options:
  A) interest
  B) brokerage
  C) poundage
  D) premium
  Show Answer
  The correct answer is C .
• Question 2180:

  Which of the following are the components ofcommerce?

  I. trading and advertising
  II. warehousing and transportation
  III. packing and branding
  IV. Insurance and banking

  Options:
  A) I and II
  B) I,II and IV
  C) II, III and IV
  D) I and III
  Show Answer
  The correct answer is B .