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 281: What is the role of the capital market in the privatization exercise in Nigeria? Options:
  A) Selling the shares and stocks of the companies to be privatized
  B) Encouraging private companies to participate in the exercise
  C) Negotiating with individuals who want to buy public companies
  D) Advertising for governement
  Show Answer
  The correct answer is A .
• Question 282: A major merit of the retaining middlemen is to _______ Options:
  A) pay cash to the bank: for manufacturers
  B) stock perishable goods
  C) regulate price for manufacturers
  D) stock goods produced by different manufacturer
  Show Answer
  The correct answer is D .
• Question 283: The main motive of chambers of commerce and trade association is to? Options:
  A) assist governemnt in achieving its objective
  B) protect the interest of consumers
  C) maximize profit
  D) protect and promote the interests of members
  Show Answer
  The correct answer is D .
• Question 284: A machine which enable s sales without the physical presence of a sales attendant is a Options:
  A) computer machine
  B) vending machine
  C) telex machine
  D) fax machine
  Show Answer
  The correct answer is B .
• Question 285: A share premium is an example of? Options:
  A) issued capital
  B) capital stock
  C) equity capital
  D) capital reserve
  Show Answer
  The correct answer is D .
• Question 286: The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called Options:
  A) simplification
  B) standardization
  C) specialization
  D) satisficing
  Show Answer
  The correct answer is B .
• Question 287: An organizational structure that is military in nature is the? Options:
  A) line structure
  B) staff structure
  C) line and staff structure
  D) fnctional structure
  Show Answer
  The correct answer is D .
• Question 288:

  A country is said to be experiencing an unfavourable balance of trade if her

  Options:
  A) exports exceed imports
  B) visible imports exceeds Visible exports
  C) visible exports exceed visible imports
  D) imports and exports are equal
  Show Answer
  The correct answer is B .
• Question 289: The instruments of credit includes? Options:
  A) billboards and postal stamps
  B) payment vouchers and statement of account
  C) bills of exchange and promissory notes
  D) bills of exchange and salary salary vouchers
  Show Answer
  The correct answer is C .
• Question 290: The second tier security market is Options:
  A) an appendage to the Nigeria stock exchange
  B) a member of the Nigeria stock exchange
  C) meant for the shares of quoted private companies
  D) a regulating arm of the Nigerian stock exchange
  Show Answer
  The correct answer is B .