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 591:

  The transmission of the telephone services from one country to another is facilitated by

  Options:
  A) international facility
  B) internet services
  C) interconnectivity
  D) communication satellite
  Show Answer
  The correct answer is D .
• Question 592: The total of share capital which a company should be allowed to issued is known as? Options:
  A) called-up capital
  B) paid-up capital
  C) nominal capital
  D) issued capital
  Show Answer
  The correct answer is C .
• Question 593: The rate at which a central bank discount first class bills is called the Options:
  A) fixed rate
  B) bill rate
  C) bank rate
  D) interest rate
  Show Answer
  The correct answer is C .
• Question 594: Which of the following is a disadvantage of nationalization Options:
  A) It promotes poor economic planning
  B) The cost of services is not determined by by market forces
  C) It may lead to rationalization of resources
  D) The development of local skills and technologyis retarded
  Show Answer
  The correct answer is D .
• Question 595:

  Central banks sell treasury bills to the public to

  Options:
  A) increase cash in the banking system
  B) raise revenue for commerical banks
  C) raise revenue for private investors
  D) reduce cash in circulation
  Show Answer
  The correct answer is D .
• Question 596:

  

  X represents

  Options:
  A) action
  B) transmission
  C) ideation
  D) receiver
  Show Answer
  The correct answer is C .
• Question 597: Product involves Options:
  A) making goods avaiable where and when needed
  B) changing the form of goods, moving and making them avaiable as needed
  C) the manufacturing of goods and provision of services
  D) the assembling of all necessary parts to produce a finished product
  Show Answer
  The correct answer is B .
• Question 598:

  

  In the communication process. Y represents

  Options:
  A) the encoder
  B) the medium
  C) the initator
  D) noise
  Show Answer
  The correct answer is C .
• Question 599:

  One of the disadvantages of Sole Proprietorship is__________

  Options:
  A) It requires small operations
  B) It involves small capital
  C) It lacks specialization
  D) Grants from government
  Show Answer
  The correct answer is C .
• Question 600: Sources of finance to a business include personal savings, share, debentures and? Options:
  A) loans from IMF
  B) bank overdraft
  C) central bank loans
  D) money from political parties
  Show Answer
  The correct answer is B .