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 2931: The financial index which compares current assets directly with current liabilities is known as current Options:
  A) turnover
  B) capital
  C) ratio
  D) balance
  Show Answer
  The correct answer is C .
• Question 2932: The Nigerian Stock Exchange publishes a daily official list that gives full information on the? Options:
  A) method of transation agreed to by members
  B) number of participating members in a day
  C) changes in the prices and earnings of securities
  D) changes in the official rules set by the market
  Show Answer
  The correct answer is C .
• Question 2933: Taking a new product to a particular part of a country to test the reaction of consumers to the product referred to as Options:
  A) sales promotion
  B) sampling
  C) merchandizing
  D) advertising
  Show Answer
  The correct answer is A .
• Question 2934:

  Which function of money is described in the following statement?

  It serves as a medium through which business transactions are carried out

  Options:
  A) Standard for deferred payments s
  B) Medium of exchange
  C) Store of value
  D) Unit of account
  Show Answer
  The correct answer is A .
• Question 2935: The breaking down of a market into separate and identifiable elements is known as Options:
  A) differentiation
  B) segmentation
  C) skimming
  D) penetration
  Show Answer
  The correct answer is B .
• Question 2936: On liquidation of a public limited liability company, the residual owners are the Options:
  A) creditors
  B) ordinary shareholders
  C) preference shareholders
  D) debenture holders
  Show Answer
  The correct answer is B .
• Question 2937: The most important concept on production is? Options:
  A) utility
  B) wealth creation
  C) transformation
  D) distribution
  Show Answer
  The correct answer is A .
• Question 2938: Which of the following computers can be used in weather forecast? Options:
  A) Hybrid computer
  B) Digital computer
  C) Mainframe computer
  D) Analog computer
  Show Answer
  The correct answer is A .
• Question 2939: A pro forma invoice is NOT required when Options:
  A) quoting for the supply of goods
  B) goods are sent on approval
  C) dealing regularly with a customer
  D) final prices are uncertain
  Show Answer
  The correct answer is C .
• Question 2940: The documents used in the purchase and sale of goods which contain other terms of trade are? Options:
  A) debit note and credit note
  B) delivery note and advice nopt
  C) invoice and order
  D) quotation and invoice
  Show Answer
  The correct answer is C .