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 331:

  Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

  Options:
  A) Private limited liability
  B) Public limited liability
  C) Partnership
  D) Co-operative society
  Show Answer
  The correct answer is A .
• Question 332: A trader who gives credit stands to enjoy? Options:
  A) higher profit
  B) cash discount
  C) increased sles
  D) trade discount
  Show Answer
  The correct answer is C .
• Question 333: A company has an authorized capital of 40 million shares at N1 each, out f which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares? Options:
  A) it has been issued but not paid-up
  B) it has been applied for but not issued
  C) it is not paid-up
  D) it has not yet been issued
  Show Answer
  The correct answer is D .
• Question 334: When old customers stick to the old place to buy goods and services,it is known as Options:
  A) goodwil
  B) personal factor
  C) window shopping
  D) patronage
  Show Answer
  The correct answer is A .
• Question 335: One of the most important function of marketing is? Options:
  A) encouraging research activitiesto meets needs
  B) creating classesof merchant among businessmen
  C) the extension of market for businessmen
  D) providing finances to business
  Show Answer
  The correct answer is A .
• Question 336:

  A contract will not be discharge through

  Options:
  A) acceptance
  B) agreement
  C) breach
  D) performance
  Show Answer
  The correct answer is A .
• Question 337: Billboards and posters are forms of? Options:
  A) electronic media
  B) print media
  C) outdoor media
  D) window display media
  Show Answer
  The correct answer is C .
• Question 338:

  A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried

  Options:
  A) Cartel
  B) Conference
  C) Syndicate
  D) Trust
  Show Answer
  The correct answer is B .
• Question 339: A bill of exchange paid before its due date at an amount less than its face value is said to have been Options:
  A) accepted
  B) rejected
  C) discounted
  D) dishonoured
  Show Answer
  The correct answer is C .
• Question 340: The business unit that applies the principle of one man, one vote is ______ Options:
  A) sole proprietorship
  B) partnership
  C) public company
  D) co-operative society
  Show Answer
  The correct answer is D .