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 341:

  The safe keeping of goods produced until they are needed is

  Options:
  A) hoarding
  B) marketing
  C) packaging
  D) warehousing
  Show Answer
  The correct answer is D .
• Question 342:

  Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

  Options:
  A) ommission
  B) commission
  C) transposition
  D) principle
  Show Answer
  The correct answer is C .
• Question 343:

  One of these is not part of small-scale retailers

  Options:
  A) Urban stores
  B) Roadside traders
  C) Supermarkets
  D) Itinerant traders
  Show Answer
  The correct answer is C .
• Question 344:

  Which of the following countries are members of the Lake Chad Basin Commission?

  Options:
  A) Niger and Cameroon
  B) Benin and Nigeria
  C) Nigeria and Mali
  D) Chad and Benin
  Show Answer
  The correct answer is A .
• Question 345: Privatization is concerned with? Options:
  A) equal ownership between the public and the governement
  B) thje dilution of ownership among the public
  C) the individual ownership of companies
  D) governement ownership of companies
  Show Answer
  The correct answer is C .
• Question 346:

  A factor necessary for siting of a warehouse is nearness to

  Options:
  A) labour
  B) consumers
  C) capital
  D) raw materials
  Show Answer
  The correct answer is B .
• Question 347: Determine the company's reserve share capital? Options:
  A) N2500 000
  B) N1000 000
  C) N1500 000
  D) N2000 000
  Show Answer
  The correct answer is B .
• Question 348: Initial public offering is undertaken through the? Options:
  A) secondary securities market
  B) first-tier securities market
  C) primary securities
  D) second-tier securities market
  Show Answer
  The correct answer is B .
• Question 349: A group of computers that exchange data is referred to as Options:
  A) an information bank
  B) a network
  C) a database
  D) an intranet site
  Show Answer
  The correct answer is B .
• Question 350:

  The issue of prospectus by a company is an invitation to members of the public to

  Options:
  A) subscribe to the company's shares
  B) attend the company's Annual general Meeting
  C) buy the company's products
  D) attend the company's board meeting
  Show Answer
  The correct answer is A .