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 441: A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as ____? Options:
  A) nationalisation
  B) privatisation
  C) indigenisation
  D) commercialisation
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  The correct answer is C .
• Question 442: A business partner who provides capital but abstains from participation in administration of a firm is a Options:
  A) general partner
  B) nominal partner
  C) secret partner
  D) dormant partner
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  The correct answer is D .
• Question 443: The major participants in the stock market when stock prices are rising generally are the? Options:
  A) bulls
  B) registrars
  C) bears
  D) companies
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  The correct answer is A .
• Question 444: The concept that refers to the sale, transfer or exchange of goods and services is Options:
  A) industry
  B) trade
  C) tariff
  D) marketing
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  The correct answer is B .
• Question 445:

  One of the factors which critically determines the choice of occupation is?

  Options:
  A) training
  B) skill
  C) aptitude
  D) interest
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  The correct answer is B .
• Question 446: Consumers require protection against exploitation to ensure? Options:
  A) adequate consumer awareness
  B) availability of products variety
  C) the sale of quality products
  D) increased aggregate demand
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  The correct answer is C .
• Question 447: The placement of workers based on their qualifications can be categorized under Options:
  A) public sector
  B) skilled labour
  C) private sector
  D) unskilled labour
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  The correct answer is B .
• Question 448: An arrangement by independent firms to share the market of their products on quota basis is referred to as? Options:
  A) trust
  B) integration
  C) syndicate
  D) cartel
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  The correct answer is C .
• Question 449:

  A contract will not be discharge through

  Options:
  A) acceptance
  B) agreement
  C) breach
  D) performance
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  The correct answer is A .
• Question 450: In order to prevent Liquidity in commercial banks, the central banks uses? Options:
  A) moral suasion
  B) fiscal policy
  C) reserve ratio
  D) taxation
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  The correct answer is C .