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 81: Secondary production has to do with changing the? Options:
  A) shape of raw materials through construction operations
  B) physical form of raw materials into finished goods
  C) utility of raw materials by an engineering process
  D) nature of raw materials through manufacturing processes
  Show Answer
  The correct answer is B .
• Question 82: A source of capital to private limited companies is shares issued to Options:
  A) the public
  B) selected persons
  C) members of the borad of directors
  D) dedicated members of staff
  Show Answer
  The correct answer is B .
• Question 83: The practice of assessing employees for payment or advancement according to their observed achievement is called Options:
  A) employee ranking
  B) merit rating
  C) job grading
  D) employee education
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  The correct answer is C .
• Question 84: The most important factor that delayed the development of commerce in Nigeria was? Options:
  A) A.the inefficient means of communication
  B) that there were few entrepreneurs
  C) that there were few developed markets
  D) secondary production has to do with changing the?
  Show Answer
  The correct answer is C .
• Question 85: The arrangement and interrelationship of the various components and positions of a business is referred to as? Options:
  A) organizational structure
  B) clarity of objective
  C) unity of direction
  D) line structure
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  The correct answer is A .
• Question 86: A term which indicates that share is temporarily suspended is Options:
  A) ex-dividend
  B) cum-dividend
  C) bond
  D) stock
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  The correct answer is A .
• Question 87:

  

  What is the net working capital ?

  Options:
  A) ₦6 000 000
  B) ₦16 000 000
  C) ₦11 000 000
  D) ₦25 000 000
  Show Answer
  The correct answer is D .
• Question 88: Payment made to the insured by the insurer outside its legal obligation is? Options:
  A) premium paid
  B) ex gratia payment
  C) surrender value
  D) sum assured
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  The correct answer is B .
• Question 89: When old customers stick to the old place to buy goods and services,it is known as Options:
  A) goodwil
  B) personal factor
  C) window shopping
  D) patronage
  Show Answer
  The correct answer is A .
• Question 90:

  The instruments of credit include

  Options:
  A) billboards and postal stamps
  B) payment vouchers and statement of account
  C) bills of exchange and salary voucher
  D) bills of exchange and promissory notes
  Show Answer
  The correct answer is D .