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 701: Securities that entitle the investor to coupon rates are Options:
  A) bonds
  B) equities
  C) warrants
  D) treasury bills
  Show Answer
  The correct answer is B .
• Question 702:

  NAME	INSURED AMOUNT(₦)	ACTUAL VALUE(₦)	ACTUAL LOSS(₦)
  Mr. P Mr. K Mr. R	25,000 30,000 40,000	100,000 120,000 150,000	30,000 40,000 50,000

  What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?

  Options:
  A) insurable interest
  B) uberrimae fidei
  C) subrogation
  D) indemnity
  Show Answer
  The correct answer is B .
• Question 703:

  An undertaking to repair a customer's vehicle for a certain period after it has been sold is

  Options:
  A) after-sales service
  B) marketing mix
  C) market segmentation
  D) sales promotion
  Show Answer
  The correct answer is A .
• Question 704: The second tier security market is Options:
  A) an appendage to the Nigeria stock exchange
  B) a member of the Nigeria stock exchange
  C) meant for the shares of quoted private companies
  D) a regulating arm of the Nigerian stock exchange
  Show Answer
  The correct answer is B .
• Question 705: A printed copy of processed information from the computer is the? Options:
  A) soft copy
  B) file copy
  C) scanned copy
  D) hard copy
  Show Answer
  The correct answer is D .
• Question 706: Which of the following is used as a pricing policy? Options:
  A) Packaging
  B) Market selection
  C) Labelling
  D) Market skimming
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  The correct answer is D .
• Question 707: Personnel activities that promote the general image of an organization are part of Options:
  A) advertising
  B) sales promotion
  C) public relations
  D) business correspondence
  Show Answer
  The correct answer is C .
• Question 708: 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
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  The correct answer is C .
• Question 709: Commercial banks are referred to as departmental stores of banking because they Options:
  A) have many branches
  B) have many customers
  C) are found in the cities
  D) offer many types of services
  Show Answer
  The correct answer is D .
• Question 710: One of the main features of a partnership is? Options:
  A) limited liability
  B) lack of corporate existence
  C) unlimited membership
  D) lack of utual confidence
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  The correct answer is B .