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 2331:

  Nigerian Police Authority

  Options:
  A) Nigerian Police Authority
  B) Nigerian Ports Authority
  C) National Ports Authority
  D) National Police Authority
  Show Answer
  The correct answer is B .
• Question 2332: Which of the following will not be stated in a Memorandum of Association Options:
  A) Name clause
  B) rights of shareholders
  C) object clause
  D) registered office
  Show Answer
  The correct answer is C .
• Question 2333: A country's terms of trade are said to improve when the ratio of her export Options:
  A) decreases
  B) remains constant
  C) increases
  D) equals import
  Show Answer
  The correct answer is C .
• Question 2334: A proposed company may not be registered if? Options:
  A) the name conficits with that of another
  B) it does not put 'limited' after its proposed name
  C) it has no paid-up capital
  D) it has no asset of its own
  Show Answer
  The correct answer is A .
• Question 2335: The document issued by a port authority for goods deposited is a Options:
  A) bill of lading
  B) bill of sight
  C) consular invoice
  D) warehouse warrant
  Show Answer
  The correct answer is D .
• Question 2336: The conversion of raw materials into finished goods leads to the creation of? Options:
  A) form utility
  B) product utility
  C) possession utility
  D) place utility
  Show Answer
  The correct answer is A .
• Question 2337:

  When a share with a nominal value of #50 is quoted at #70, it is being sold

  Options:
  A) cum div
  B) ex-div
  C) at a discount
  D) at a premium
  Show Answer
  The correct answer is D .
• Question 2338: The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of Options:
  A) privatization
  B) commercialization
  C) indigenization
  D) nationalization
  Show Answer
  The correct answer is B .
• Question 2339:

  The basic characteristics of co-operative society include all except one

  Options:
  A) It is managed democratically
  B) It follows the principle of one man
  C) Amateur Management
  D) Extra capital is raised through loan
  Show Answer
  The correct answer is C .
• Question 2340: Commercialization of government corporations brings about an increase in the level of? Options:
  A) money supply in the economy
  B) distrust among business operators
  C) competition among business operators
  D) social responsibility
  Show Answer
  The correct answer is C .