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 821: The assembling of products into usable forms is known as Options:
  A) creation
  B) manufacturing
  C) construction
  D) formation
  Show Answer
  The correct answer is C .
• Question 822:

  Factors considered when setting up a retail business is one of the following

  Options:
  A) capital, experience and trading
  B) experience, term of trade and trading
  C) capital, trading and term of trade
  D) capital, type of goods and source of supply
  Show Answer
  The correct answer is D .
• Question 823: Which of the following can be used to differentiate skilled and unskilled labour? Options:
  A) Education and traning
  B) Available resources
  C) Level of commitment
  D) Salaries and wages
  Show Answer
  The correct answer is A .
• Question 824: One of the main objectives of the Second-tier Securities Market in Nigeria is to Options:
  A) achieved a realistic exchange rate for the naira
  B) eliminate currency dealings in the black market
  C) assist companies to raise capital
  D) attract investment flow
  Show Answer
  The correct answer is D .
• Question 825: An example of a trade association is? Options:
  A) ALGON
  B) NLC
  C) NURTW
  D) NULGE
  Show Answer
  The correct answer is A .
• Question 826:

  (i) Personal Savings

  (ii) Retained Earnings

  (iii) Accrued taxes

  Which of the items above constitute internal sources of financing for companies?

  Options:
  A) i and ii
  B) i and iii
  C) ii and iii
  D) i, ii and iii
  Show Answer
  The correct answer is C .
• Question 827: After registration, a certificate of trading is usually issued to a Options:
  A) partnership
  B) public company
  C) private company
  D) sole proprietorship
  Show Answer
  The correct answer is B .
• Question 828: The document issued by a port authority for goods deposited is a Options:
  A) bill of lading
  B) bill of sight
  C) consular invoice
  D) warehouse warrant
  Show Answer
  The correct answer is D .
• Question 829:

  Sea vessels that do not operate on regular times and routes are

  Options:
  A) tramps
  B) ocean liners
  C) container ships
  D) ferries
  Show Answer
  The correct answer is B .
• Question 830: The body regulating the sale and purchase of shares in Nigeria is the? Options:
  A) Corporate Affairs Commision
  B) Securities and Exchange Commision
  C) Securities and Exchange Tribunal
  D) Nigeria Stock Exchange
  Show Answer
  The correct answer is B .