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 51: The major dealers on the stock market are the? Options:
  A) agents
  B) jobbers
  C) investors
  D) brokers
  Show Answer
  The correct answer is D .
• Question 52: Musa obtains wool from his sheep, spins and transform it into cloth which he sells to consumers, this is a form of Options:
  A) Vertical integration
  B) Horizontal integration
  C) Forward Integration
  D) Background integration
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  The correct answer is A .
• Question 53:

  In law of contract, a counter offer operates as

  Options:
  A) an acceptance
  B) a rejection
  C) an offer
  D) a contract
  Show Answer
  The correct answer is B .
• Question 54: One of the major benefits of commerce to government is to Options:
  A) improve the standard of living
  B) generate revenue for growth and development
  C) encourage cooperation among public organisations
  D) encourage the development of socio-cultural values
  Show Answer
  The correct answer is B .
• Question 55: One of the functions of the wholesaler is to? Options:
  A) forecast prices
  B) reduce prices of goods
  C) promote sales
  D) analyse sales periodically
  Show Answer
  The correct answer is C .
• Question 56: A term which indicates that share is temporarily suspended is Options:
  A) ex-dividend
  B) cum-dividend
  C) bond
  D) stock
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  The correct answer is A .
• Question 57: The physical components of a computer system refers to the? Options:
  A) system unit
  B) hardware
  C) software
  D) compact disk
  Show Answer
  The correct answer is B .
• Question 58: Fluctuations in the supply of goods may be eliminated if the distribution system maintains? Options:
  A) modern technology
  B) a team of retailers
  C) warehouse services
  D) sufficient middlemen
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  The correct answer is A .
• Question 59: An aspect of the law which allows an exclusive right for a limited number of years is a Options:
  A) copyright
  B) trade mark
  C) raffication
  D) patent
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  The correct answer is D .
• Question 60:

  The stock exchange is a market where

  Options:
  A) short-term securities are sold
  B) medium term securities are sold
  C) all types of securities are sold
  D) long term securities are sold
  Show Answer
  The correct answer is C .