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 2661: One of the disadvantages of a sole proprietorship is? Options:
  A) secrecy of annual reports
  B) pride of ownership
  C) limited liability
  D) unlimited liability
  Show Answer
  The correct answer is D .
• Question 2662:

  Dealers in stock exchange such as bulls, bears and stags are categorized as

  Options:
  A) actuaries
  B) promoters
  C) speculators
  D) underwriter
  Show Answer
  The correct answer is C .
• Question 2663:

  Which of the following organizations provide essential goods and services at low cost to citizens?

  Options:
  A) Thrift societies
  B) Public enterprises
  C) Private companies
  D) Cooperative societies
  Show Answer
  The correct answer is B .
• Question 2664: The major determinant of fire insurance premium is the? Options:
  A) type and structure of the property to be insured
  B) usefulness of the property to the owner
  C) owner of the property to be insured
  D) extent of fire damage anticipated
  Show Answer
  The correct answer is A .
• Question 2665:

  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 .
• Question 2666: The effects of devaluation includes all except _______ Options:
  A) exports become cheaper
  B) expansion of local industries
  C) increase in standard of living
  D) increase in import
  Show Answer
  The correct answer is D .
• Question 2667:

  Use the above information below to answer question 7 and 8.

  Mr obi is a manager of obi Agricultural Venture.

  He makes all the decisions and takes all profits

  From the business. H e had agreed with Alhaji Musa

  It can be deduce from the above that obi AgricultrualVenture is a

  (a farmer) to pool their resources together and

  Expand their business.They invited Mr Abayomi

  (a cotton grower) to join them. Mr Abayami agreed on the condition that his liability in the new firm will be limited to his investment in it. The thus registered Obi, Musa and Abayaomi''s Agricultural ventures.

  Options:
  A) A sole proprietorship
  B) general partnership
  C) limited partnership
  D) limited partnership
  E) joint partnership
  Show Answer
  The correct answer is A .
• Question 2668:

  Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

  Options:
  A) CBN
  B) BPE
  C) SEC
  D) NDIC
  Show Answer
  The correct answer is C .
• Question 2669: A major benefit a debtor can derive from using a credit facility is? Options:
  A) better service
  B) goodwill
  C) convenience
  D) control
  Show Answer
  The correct answer is C .
• Question 2670: The most widely used computer language that focuses on solving science-oriented problems is? Options:
  A) FORTRAN
  B) BASIC
  C) ADA
  D) COBOL
  Show Answer
  The correct answer is A .