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 641: A broker is an agent who links a potential investor with? Options:
  A) a shareholder who wants to register a company
  B) other members of the exchange who want to trade
  C) governement official on the exchange
  D) a quoted company
  Show Answer
  The correct answer is D .
• Question 642: An example of a consumer protection agency is the? Options:
  A) Nigeria Bar association
  B) Nigeria Medical Association
  C) Ferderal Environmental Protection Agency
  D) Manufacturers Association of Nigeria
  Show Answer
  The correct answer is C .
• Question 643:

  Use the information below to answer questions 3 and 4.

  Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.

  Babalawee was called in to manage the dissolution.

  After paying the debts of aboki Plc, the balance goes to?

  Options:
  A) Aboki Plc
  B) Babalawee
  C) shareholders
  D) creditors
  Show Answer
  The correct answer is C .
• Question 644: In Nigeria, the ministry in charge of registering trade associations is that of? Options:
  A) industries
  B) commerce
  C) culture and tourism
  D) finance
  Show Answer
  The correct answer is B .
• Question 645: A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a? Options:
  A) joint partnership
  B) cooperative
  C) corperation
  D) joint venture
  Show Answer
  The correct answer is A .
• Question 646: The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __ Options:
  A) Stroke
  B) Consumerism
  C) Picketing
  D) Demonstration
  Show Answer
  The correct answer is B .
• Question 647: Which oft these factors of production is relatively fixed in supply? Options:
  A) Capital
  B) Enterpreneuer
  C) Human resources
  D) Natural resources
  Show Answer
  The correct answer is D .
• Question 648:

  A document that lists the goods that are being sent from one place to another is

  Options:
  A) mail transfer
  B) shipping note
  C) consular invoice
  D) bill of lading
  Show Answer
  The correct answer is D .
• Question 649: In Nigeria, the main source of pollution is? Options:
  A) domestic waste
  B) oganic waste
  C) gas flaring
  D) industral waste
  Show Answer
  The correct answer is D .
• Question 650: Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as ? Options:
  A) bulls
  B) jobbers
  C) brokers
  D) stags
  Show Answer
  The correct answer is B .