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 2841: The internet is a system of telecommunications used for? Options:
  A) communicating long-distance messages
  B) sending and recieving text massages
  C) sending electronic messages
  D) communicating messages through telegrams
  Show Answer
  The correct answer is C .
• Question 2842: Non-insurable risk include? Options:
  A) gambling
  B) damage to property
  C) death
  D) marine problems
  Show Answer
  The correct answer is A .
• Question 2843:

  A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.

  If the shares were fully subscribed, calculate the issued capital?

  Options:
  A) N4 000 000
  B) N2 000 000
  C) N1 000 000
  D) 500 000
  Show Answer
  The correct answer is D .
• Question 2844:

  A doctor who attends to patients at home after his official duty is

  Options:
  A) a direct and indirect service worker
  B) a direct service worker
  C) an indirect service worker
  D) a community developer
  Show Answer
  The correct answer is B .
• Question 2845: The most important business objective is to Options:
  A) improve investments
  B) provide quality products
  C) target consumers for satisfaction
  D) carve a niche for the business
  Show Answer
  The correct answer is C .
• Question 2846:

  

  Use the table above to answer this question.

  If Mr. N takes a fire insurance policy with average clause, his compensation will be

  Options:
  A) N 5000
  B) N 7, 500
  C) N 70, 000
  D) N 75, 000
  Show Answer
  The correct answer is B .
• Question 2847:

  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 2848: If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as Options:
  A) 3/9;net 30
  B) 9/27;net 30
  C) 30;net 9/3
  D) 9/30;net 3
  Show Answer
  The correct answer is D .
• Question 2849: The major types of warehouse are? Options:
  A) manufacturer, bonded, departemental and private
  B) bonded, public, coldroom and private
  C) manufacturer, bonded, public and departmental
  D) wholesaler, manufacturer, public and bonded
  Show Answer
  The correct answer is D .
• Question 2850: The development of commerce in west Africa was not hampered by Options:
  A) Inadequate capital
  B) Inadequate means of transportation
  C) Insurance
  D) Low savings
  Show Answer
  The correct answer is B .