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 731: A business whose owners enjoys loan facilities on the basis of personal goodwill is a? Options:
  A) commercial bank
  B) thrift society
  C) co-operative society
  D) community bank
  Show Answer
  The correct answer is B .
• Question 732:

  One of the factors which critically determines the choice of occupation is?

  Options:
  A) training
  B) skill
  C) aptitude
  D) interest
  Show Answer
  The correct answer is B .
• Question 733: The daily official publications of the Nigeria Stock Exchange give detailed information on the? Options:
  A) changes in the official rules set by the market
  B) method of transactions agreed upon by members
  C) participation of members in a day
  D) changes in the price of securities
  Show Answer
  The correct answer is C .
• Question 734: The sales of goods through a medium that accepts money and delivers the items to the customer is Options:
  A) an automated teller machine
  B) a vending machiine
  C) a counting machine
  D) a branding machine
  Show Answer
  The correct answer is B .
• Question 735:

  The resources put together to create goods and services are

  Options:
  A) working capital
  B) producer goods
  C) factors of production
  D) consumer goods
  Show Answer
  The correct answer is C .
• Question 736: Departmentalization is an aspect of? Options:
  A) planing
  B) organising
  C) directing
  D) controlling
  Show Answer
  The correct answer is B .
• Question 737: Which of these insurance principles requires a close connection between the actual loss suffered and the risk insured? Options:
  A) indemnity
  B) proximate cause
  C) Contribution
  D) Subrogation
  Show Answer
  The correct answer is B .
• Question 738:

  A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

  Options:
  A) Prompt cash
  B) Cash on delivery
  C) Spot cash
  D) Cash with order
  Show Answer
  The correct answer is C .
• Question 739: One of the major disadvantages of pipeline transportation is its? Options:
  A) high cost of construction
  B) limitation in scope
  C) vulnerability to climate changes
  D) high maintainance cost
  Show Answer
  The correct answer is A .
• Question 740:

  The issue of prospectus by a company is an invitation to members of the public to

  Options:
  A) subscribe to the company's shares
  B) attend the company's Annual general Meeting
  C) buy the company's products
  D) attend the company's board meeting
  Show Answer
  The correct answer is A .