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 2701: A term which indicates that share is temporarily suspended is Options:
  A) ex-dividend
  B) cum-dividend
  C) bond
  D) stock
  Show Answer
  The correct answer is A .
• Question 2702: The traditional way of paying cooperative dividend is to distribute profit in proportional to members'? Options:
  A) subscriptions
  B) total savings
  C) volume of purchase
  D) contributions
  Show Answer
  The correct answer is C .
• Question 2703: A source of capital to private limited companies is shares issued to Options:
  A) the public
  B) selected persons
  C) members of the borad of directors
  D) dedicated members of staff
  Show Answer
  The correct answer is B .
• Question 2704: Commission on turnover is usually a benefit accruable to the Options:
  A) drawer
  B) drawee
  C) payer
  D) payee
  Show Answer
  The correct answer is D .
• Question 2705:

  The provision of services is classified under

  Options:
  A) batch production
  B) flow production
  C) secondary production
  D) tertiary production
  Show Answer
  The correct answer is D .
• Question 2706: Which of the following confirms the accuracy of the duty charged on imported goods? Options:
  A) An indent
  B) Consular invoice
  C) Consignment note
  D) Shipping note
  Show Answer
  The correct answer is B .
• Question 2707: The factors essential for tourism are? Options:
  A) accessibility, capital, amenties, accessibility and scenery
  B) goods weather, amenties, accessibility and scenery
  C) amenties, capital, accessibility and markets
  D) good weather, capital, schools and scenery
  Show Answer
  The correct answer is B .
• Question 2708:

  The rate where a country's exports exchange for its imports is called

  Options:
  A) terms of trade
  B) balance of trade
  C) terms of payments
  D) balance of payments
  Show Answer
  The correct answer is A .
• Question 2709:

  Goods bought into the country for sale are the country's

  Options:
  A) invisible imports
  B) invisible exports
  C) visible imports
  D) visible exports
  Show Answer
  The correct answer is C .
• Question 2710:

  Use the information below to answer questions 3 and 4.

  Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.

  Babalawee was called in to manage the dissolution.

  After paying the debts of aboki Plc, the balance goes to?

  Options:
  A) Aboki Plc
  B) Babalawee
  C) shareholders
  D) creditors
  Show Answer
  The correct answer is C .