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 301: The major achievement of ECOWAS is? Options:
  A) the expansion of regional trade
  B) the emergance of a monetary union
  C) infrastructural development in member countries
  D) mobility of labour among member countries
  Show Answer
  The correct answer is A .
• Question 302:

  The temporary working area of the control processing unit is called the?

  Options:
  A) CD-ROM
  B) CD-RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is D .
• Question 303: Endowment policy in insurance business is an aspect of Options:
  A) accident insurance policy
  B) fidelity guarantee insurance policy
  C) motor vehicle insurance policy
  D) life assurance policy
  Show Answer
  The correct answer is D .
• Question 304: Kamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on Options:
  A) Emeka's right to terminate the agreement
  B) Kamaldeen's right to re-hire the Goods
  C) Emeka's right to breach the agreement
  D) Kamaldeen's right to terminate the agreement
  Show Answer
  The correct answer is B .
• Question 305: The first stage in tourism planing is? Options:
  A) assessing feedback from tourists
  B) preparing a list of tourists
  C) creating recreational opportunities
  D) building community support
  Show Answer
  The correct answer is B .
• Question 306:

  The right to buy or sell stock in the stock exchange within a stipulated period is

  Options:
  A) option
  B) contango
  C) backwardation
  D) brokerage
  Show Answer
  The correct answer is A .
• Question 307: Commercial banks are referred to as departmental stores of banking because they Options:
  A) have many branches
  B) have many customers
  C) are found in the cities
  D) offer many types of services
  Show Answer
  The correct answer is D .
• Question 308:

  Average stock is derived by adding

  Options:
  A) closing stock to purchase divided by 2
  B) closing stock to opening stock
  C) opening stock to closing stock divided by 2
  D) opening stock to purchases
  Show Answer
  The correct answer is C .
• Question 309: The temporary working area of the central processing unit is called the? Options:
  A) C-D ROM
  B) C-D RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is B .
• Question 310: The process of decoding data in a computer is known as Options:
  A) dilution
  B) default drive
  C) decryption
  D) data security
  Show Answer
  The correct answer is C .