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 571: A good financial instrument which serves as a hedge against inflation is? Options:
  A) a bond
  B) a share
  C) an opion
  D) a warrant
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  The correct answer is A .
• Question 572:

  Commerce brings about all except one

  Options:
  A) International co-operation
  B) Improvement in the standard of living
  C) Monotony of work
  D) Infrastructural development
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  The correct answer is C .
• Question 573: A business firm that is involved in conveying goods or people is known as a? Options:
  A) consignor
  B) commercial firm
  C) carrier
  D) transporter
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  The correct answer is C .
• Question 574:

  The central working system of a computer used for data processing is the

  Options:
  A) monitor
  B) floppy disk drive
  C) hard drive
  D) memory unit
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  The correct answer is D .
• Question 575:

  One of these is not a factor affecting prices of securities?

  Options:
  A) The Forces of demand and supply
  B) Activities of speculators
  C) Political situation of a country
  D) Financial statements of the company
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  The correct answer is D .
• Question 576: The term 4 net 7 on an invoice means that? Options:
  A) 4% surcharge will be made unless payment iss made within seven days
  B) 4% discount will be allowed on the price charged only if the goods are bought within seven days
  C) 4% discount will be allowed on the price charged only if payment is made after seven days
  D) 4% discount will be allowed on the price charge if payment is made within seven days
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  The correct answer is D .
• Question 577: Production ends when goods and services ________ Options:
  A) reach the final consumer
  B) are used for manufacturing
  C) are packaged and labelled
  D) are sold to the middlemen
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  The correct answer is A .
• Question 578: 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
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  The correct answer is B .
• Question 579: The wealth of a nation depends on the volume of its? Options:
  A) bilateral trade activities
  B) commercial activities
  C) multilateral trade activities
  D) stock market
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  The correct answer is B .
• Question 580:

  The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is

  Options:
  A) uberrimae fidei
  B) subrogation
  C) contribution
  D) proximate cause
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  The correct answer is A .