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 721: One way government reduces the repatriation of capital is through Options:
  A) nationalization
  B) divestiture
  C) indidenization
  D) naturalization
  Show Answer
  The correct answer is C .
• Question 722:

  Departmentalization is an aspect of

  Options:
  A) directing
  B) organizing
  C) planning
  D) controlling
  Show Answer
  The correct answer is B .
• Question 723: The external environmental factors that affect a business cooperation are Options:
  A) Economic, Social and legal
  B) Political, Culture and Labour
  C) Competition, Labour and Political
  D) Competition, Industry and Product.
  Show Answer
  The correct answer is A .
• Question 724: The making of doors from timber planks is a type of? Options:
  A) manufacturing
  B) tertiary production
  C) secondary produuction
  D) primary production
  Show Answer
  The correct answer is C .
• Question 725: A floating policy is an example of? Options:
  A) marine insurance
  B) actuaries insurance
  C) motor insurance
  D) fire insurance
  Show Answer
  The correct answer is B .
• Question 726: The winding up of a firm by a resolution of its shareholders is an example of Options:
  A) voluntary liquidation
  B) bankruptcy
  C) recession
  D) involuntary liquidation
  Show Answer
  The correct answer is A .
• Question 727: A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as? Options:
  A) promissary note
  B) bankdraft
  C) banker's order
  D) travellers' cheque
  Show Answer
  The correct answer is C .
• Question 728:

  Balance of payment consist of _________ and __________ items

  Options:
  A) Credit and loss
  B) visible and non-visible
  C) valid and invalid
  D) income and expenditure
  Show Answer
  The correct answer is B .
• Question 729:

  All except one is not a corporation and boards at the federal level

  Options:
  A) FRCN
  B) NNPC
  C) CBN
  D) MAN
  Show Answer
  The correct answer is D .
• Question 730: The document issued by the seller which gives detail of the goods he sells is known as? Options:
  A) catalogue
  B) tender
  C) price list
  D) invoice
  Show Answer
  The correct answer is D .