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 31: Which of the following information is contained in the Articles of Association of a limited liability company? Options:
  A) Rights and obligations of directors
  B) Objectives of the company
  C) Amount of share capital
  D) Limitation of liability of shareholders.
  Show Answer
  The correct answer is A .
• Question 32:

  A form of money with face value which is greater than the value of the metal contents is

  Options:
  A) bank notes
  B) legal tender
  C) commodity money
  D) token money
  Show Answer
  The correct answer is D .
• Question 33: Inbound tourism occurs when? Options:
  A) non-residents of a country travel to other countries
  B) resident of a country travel to another country
  C) non-resident of a country tyravel within it
  D) resident of a country travel within it
  Show Answer
  The correct answer is D .
• Question 34: The most important advantage of privatization is the enhancement of? Options:
  A) liquidity
  B) accountantability
  C) profitability
  D) efficiency
  Show Answer
  The correct answer is D .
• Question 35: A major objective of all business resources is ______ Options:
  A) public relation
  B) profit sharing
  C) human relation
  D) profit making
  Show Answer
  The correct answer is D .
• Question 36: Which of the following makes other functions of business its appendages? Options:
  A) production
  B) marketing
  C) finance
  D) personnel
  Show Answer
  The correct answer is B .
• Question 37: The Nigeria Stock Exchange consist of ______ Options:
  A) primary and secondary-tier market
  B) secondary and primary market
  C) money and commodities market
  D) commercial and mortgage market
  Show Answer
  The correct answer is B .
• Question 38: A form of money that has gone out of use is? Options:
  A) paper money
  B) bank money
  C) commodity money
  D) foreign money
  Show Answer
  The correct answer is C .
• Question 39: An aspect of marketing that stimulates buying by providing free gifts is? Options:
  A) advertising
  B) personal selling
  C) publicity
  D) sales promotion
  Show Answer
  The correct answer is D .
• Question 40: Which of the following is a form of social responsibility of a business? Options:
  A) Selling goods at cheaper prices
  B) Using the best technology available
  C) Maintaining tidy and safe environment
  D) Meeting contractor's obligations
  Show Answer
  The correct answer is C .