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 2511: In case of a liquidation of a public limited liability company, those that are first paid are Options:
  A) ordinary shareholders
  B) prefernce shareholders
  C) cumulative preference shareholders
  D) debenture holders
  Show Answer
  The correct answer is D .
• Question 2512:

  	₦		₦
  Stock 1/1	20,000	Net sales	370,000
  Add purchases	250,000
  Cost of goods available for sale	270,000
  Less stock 31/12	40,000
  Cost of goods sold	230,000
  Rent expenses	35,000

  Calculate the net profit

  Options:
  A) ₦35,000
  B) ₦115,000
  C) ₦105,000
  D) ₦40,000
  Show Answer
  The correct answer is C .
• Question 2513:

  Which of the following functions is not performed by warehousing?

  Options:
  A) Stabilization of price
  B) production ahead of demand
  C) creating scarcity of goods
  D) storage of goods
  Show Answer
  The correct answer is C .
• Question 2514: Coverage against unexpected events is called? Options:
  A) insurance
  B) assurance
  C) warranty
  D) reinsurance
  Show Answer
  The correct answer is A .
• Question 2515: The two main forms of communication are Options:
  A) oral and written
  B) verbal and non-verbal
  C) e-mail and fax
  D) traditional and modern media
  Show Answer
  The correct answer is B .
• Question 2516:

  The elements in marketing mix that ensures goods are available when and where needed is

  Options:
  A) Promotion
  B) price
  C) product
  D) place
  Show Answer
  The correct answer is D .
• Question 2517: The function which ensures that set objectives are attained by an organization is? Options:
  A) planning
  B) directing
  C) staffing
  D) controlling
  Show Answer
  The correct answer is D .
• Question 2518: A protection right which can be reviewed or renewed after seven years is known as? Options:
  A) patent
  B) design
  C) registration name
  D) trade mark
  Show Answer
  The correct answer is A .
• Question 2519:

  The type of occupation that a broker belongs to is

  Options:
  A) commercial
  B) construction
  C) extraction
  D) manufacturing
  Show Answer
  The correct answer is A .
• Question 2520:

  Central banks sell treasury bills to the public to

  Options:
  A) increase cash in the banking system
  B) raise revenue for commerical banks
  C) raise revenue for private investors
  D) reduce cash in circulation
  Show Answer
  The correct answer is D .