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 211:

  One of these is a current asset

  Options:
  A) machineries
  B) fittings
  C) stock
  D) motor vehicles
  Show Answer
  The correct answer is C .
• Question 212: The main role of advertising is to Options:
  A) convince prospective buyers to buy
  B) show the actual shape, form and colour of the products
  C) inform people where to obtain goods and services
  D) captured the attention of people
  Show Answer
  The correct answer is A .
• Question 213: The total of share capital which a company should be allowed to issued is known as? Options:
  A) called-up capital
  B) paid-up capital
  C) nominal capital
  D) issued capital
  Show Answer
  The correct answer is C .
• Question 214: An undertaking given by a person to another assuring his integrity is Options:
  A) proximate cause
  B) fidelity quarantee
  C) subrogation
  D) insurable interest
  Show Answer
  The correct answer is B .
• Question 215: An instrument that is traded i the second-tier foreign exchange market is? Options:
  A) money order
  B) stock
  C) travellers' cheque
  D) debenture
  Show Answer
  The correct answer is B .
• Question 216: The symbol at in an internet mail address is used to? Options:
  A) seperate the user name from the machine name
  B) link the user with other Internet users
  C) locate the addresses of Internet users
  D) link the user with the machine
  Show Answer
  The correct answer is B .
• Question 217:

  All but one does not provide an Indirect Service?

  Options:
  A) Custom Officers
  B) Family Doctors
  C) Civil Servants
  D) Law Makers
  Show Answer
  The correct answer is A .
• Question 218: The share capital value that forms part of the balance sheet total is the Options:
  A) paid-up share capital
  B) called-up share capital
  C) authorized share capital
  D) issued share capital
  Show Answer
  The correct answer is A .
• Question 219: The differences between the central bank and commercial bank is that the former ______ Options:
  A) discount treasury bills
  B) give loans to the public
  C) saves valuable of individual
  D) serves as lender of last resort
  Show Answer
  The correct answer is D .
• Question 220: The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a Options:
  A) improved exchange
  B) enhanced trade
  C) enhance development
  D) improved relations
  Show Answer
  The correct answer is B .