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 671: A source of capital to private limited companies is shares issued to Options:
  A) the public
  B) selected persons
  C) members of the borad of directors
  D) dedicated members of staff
  Show Answer
  The correct answer is B .
• Question 672: The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is Options:
  A) caveat emptor
  B) uberrimae fidei
  C) demurrage
  D) jettison
  Show Answer
  The correct answer is D .
• Question 673: In product pricing, which of this element needs more consideration than others? Options:
  A) the demand for the product
  B) the demography of the buyers of the product
  C) the economic conditions in the markkets
  D) the cost of producing the product
  Show Answer
  The correct answer is D .
• Question 674:

  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 675:

  A memory that can be read and write and is volatile is known as

  Options:
  A) RAM
  B) ROM
  C) EPROM
  D) EPPROM
  Show Answer
  The correct answer is A .
• Question 676:

  

  Use the diagram above to answer this question

  In the communication process, Y represents

  Options:
  A) the encoder
  B) the initiator
  C) noise
  D) the medium
  Show Answer
  The correct answer is D .
• Question 677:

  A disadvantage of personal selling is that it

  Options:
  A) Increase a company’s number of customers
  B) Reduces a company area of patronage
  C) Increases a company’s operating costs
  D) Decreases a company’s operating costs
  Show Answer
  The correct answer is C .
• Question 678: A demerit of communication is that it ________ Options:
  A) makes payment for goods cumbersome
  B) increase the cost of goods in transit
  C) give room for distortion of fact
  D) hinder quick reception of messages over a long distance
  Show Answer
  The correct answer is C .
• Question 679: Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up the remaining 50 million shares have Options:
  A) Not yet been issued
  B) Been applied for but not issued
  C) Not been paid-up
  D) Been issued but have not been paid-up
  Show Answer
  The correct answer is A .
• Question 680: The development of tourism in Nigeria will enhance? Options:
  A) agriculture
  B) revenue generation
  C) export
  D) labour mobility
  Show Answer
  The correct answer is B .