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 851:

  The internet is a system of telecommunication used for

  Options:
  A) The internet is a system of telecommunication used for
  B) Communicating long distance messages
  C) Sending and receiving text messages
  D) Communicating messages through telegrams
  Show Answer
  The correct answer is A .
• Question 852: The instrument establishing the Economic Community of West African State in 1975 is Options:
  A) a decree
  B) an act
  C) a treaty
  D) constitution
  Show Answer
  The correct answer is C .
• Question 853: An example of a non-insurable risk is? Options:
  A) burglary
  B) speculation
  C) fire
  D) accident
  Show Answer
  The correct answer is B .
• Question 854: An advantage of division of labour is _______? Options:
  A) productivity and total output is increased
  B) monotony of task is eliminated
  C) loss of individual craftmanship is minimized
  D) interdependence of workers increase remuneration
  Show Answer
  The correct answer is A .
• Question 855: A business firm that is involved in conveying goods or people is known as a? Options:
  A) consignor
  B) commercial firm
  C) carrier
  D) transporter
  Show Answer
  The correct answer is C .
• Question 856:

  A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

  Options:
  A) Subsidiary
  B) Syndicate
  C) Holding Company
  D) Parent company
  Show Answer
  The correct answer is A .
• Question 857:

  Another name or term for a dishonoured cheque is

  Options:
  A) a bearer cheque
  B) an open cheque
  C) a bounced cheque
  D) an order cheque
  Show Answer
  The correct answer is C .
• Question 858:

  The process of converting a non-profit making organisation to a profit-making business is

  Options:
  A) commercialisation
  B) deregulation
  C) indigenisation
  D) privatisation
  Show Answer
  The correct answer is D .
• Question 859:

  The act of selling in a foreign market at a price lower than the cost price is called

  Options:
  A) dumping
  B) under sale
  C) hedging
  D) fair trading
  Show Answer
  The correct answer is A .
• Question 860:

  

  Use the information Above to answer this question.

  What is the current ratio?

  Options:
  A) 4:1
  B) 4.5:1
  C) 5:1
  D) 25.5:1
  Show Answer
  The correct answer is C .