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 871: The use of computer in modern banking industry is a reflection of Options:
  A) competitive development
  B) scientific development
  C) economic development
  D) technological development
  Show Answer
  The correct answer is D .
• Question 872: The major types of warehouse are? Options:
  A) manufacturer, bonded, departemental and private
  B) bonded, public, coldroom and private
  C) manufacturer, bonded, public and departmental
  D) wholesaler, manufacturer, public and bonded
  Show Answer
  The correct answer is D .
• Question 873: Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company? Options:
  A) N320
  B) N420
  C) N460
  D) N560
  Show Answer
  The correct answer is A .
• Question 874: A form of money that has gone out of use is? Options:
  A) paper money
  B) bank money
  C) commodity money
  D) foreign money
  Show Answer
  The correct answer is C .
• Question 875:

  One of the disadvantages of rail transport is

  Options:
  A) It is not flexible
  B) It carries bulky goods
  C) It works at intervals
  D) Cost of transportation is high
  Show Answer
  The correct answer is A .
• Question 876: Privatization is concerned with? Options:
  A) equal ownership between the public and the governement
  B) thje dilution of ownership among the public
  C) the individual ownership of companies
  D) governement ownership of companies
  Show Answer
  The correct answer is C .
• Question 877: A major benefit derivable from the privatization and commercialization of public enterprises in Nigeria is? Options:
  A) increase in wages
  B) employment generation
  C) information technology
  D) revenue generation
  Show Answer
  The correct answer is D .
• Question 878:

  Advantages of pipeline transport include all except_______

  Options:
  A) Low maintenance cost
  B) It is safe
  C) Continuous Flow of goods
  D) Prone to leakages
  Show Answer
  The correct answer is D .
• Question 879: 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 .
• Question 880:

  An example of vertical integration is___________

  Options:
  A) Trust
  B) Cartel
  C) Merger
  D) Price Ring
  Show Answer
  The correct answer is A .