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 581: The instrument used in the capital market is? Options:
  A) treasury bills
  B) bill of exchange
  C) stock
  D) debenture
  Show Answer
  The correct answer is C .
• Question 582: The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is? Options:
  A) trust certificate
  B) detachable warrant
  C) mortage bond
  D) converttible securities
  Show Answer
  The correct answer is C .
• Question 583: The difference between total current assets and total current liabilities of a business is known as Options:
  A) quick ratio
  B) liquidity ratio
  C) working capital
  D) circulating capital
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  The correct answer is C .
• Question 584: A company which issues a promissory note in lieu of payment for goods purchased Options:
  A) can refuse to pay ondue date since it is only a promise
  B) is bound to redeem the note for cash on due date
  C) is not bound to renew the note before payment
  D) can return the goods purchase and refuse to pay
  Show Answer
  The correct answer is B .
• Question 585: Excise duties are paid on goods that are Options:
  A) imported into the country
  B) manufactured within the company
  C) exported to other clonutries
  D) kept in bond warehouses
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  The correct answer is B .
• Question 586: The protection of consumers against exploitation by manufacturers is to ensure? Options:
  A) thaty there are varieties of product
  B) that the right quality of goods and services is sold
  C) increase in production capacity
  D) increase in the level of consumers awareness
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  The correct answer is B .
• Question 587: Which of the following statements is TRUE about sea transport? Options:
  A) all ships have specific routes to ply
  B) all ships must be insured at every journey
  C) all ships are insured separately from the crew
  D) all ships normally arrive at their destination with goods
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  The correct answer is C .
• Question 588:

  The production of goods and services in anticipation of demand is made possible by

  Options:
  A) warehousing
  B) packaging
  C) branding
  D) advertising
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  The correct answer is A .
• Question 589:

  The document that explains the types of shares available for sale to the public is

  Options:
  A) a prospectus
  B) an invoice
  C) closed indent
  D) an open indent
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  The correct answer is A .
• Question 590: The excess of the assets over the liabilities of a business is called? Options:
  A) working capital
  B) net worth
  C) capital employed
  D) initial capital
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  The correct answer is B .