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: The manufacturers' Association of Nigeria is an example of a? Options:
  A) labour union
  B) pressure group
  C) conglomerate
  D) cartel
  Show Answer
  The correct answer is B .
• Question 82: A common requirement for public and private limited companies in Nigeria is that Options:
  A) a shareholder cannot transfer his shares to someone else without permission from other shareholders
  B) their annual account are made available to the Corporate Affairs Commision
  C) shares can be offered for sale on the stock exchange
  D) shares can be offered for sale through an issuing house
  Show Answer
  The correct answer is B .
• Question 83: The input, output and central processing units are the basic components of a computer's? Options:
  A) memory
  B) printer
  C) hardware
  D) software
  Show Answer
  The correct answer is C .
• Question 84: The right of ownership with respect to goods or property is? Options:
  A) right of occupancy
  B) proxy
  C) tittle
  D) certificate of occupancy
  Show Answer
  The correct answer is D .
• Question 85: The media media used for inter-departmental communication include? Options:
  A) circulars, advertisement and notice boards
  B) memoranda, circulars and the telephone
  C) memoranda, advertising and face-to-face
  D) momoranda, advertising and the grapevine
  Show Answer
  The correct answer is B .
• Question 86: The major objective of corporate mergers is to Options:
  A) minimize the effects of taxation
  B) increase financial advantage
  C) faclitate profit maximization
  D) enhance economies of scale
  Show Answer
  The correct answer is D .
• Question 87: Determine the company's reserve share capital? Options:
  A) N2500 000
  B) N1000 000
  C) N1500 000
  D) N2000 000
  Show Answer
  The correct answer is B .
• Question 88:

  When does production ends?

  Options:
  A) When the goods are distributed to the wholesalers
  B) When the goods reaches the retailer
  C) When the goods reaches the final consumers
  D) When the goods are fully packaged
  Show Answer
  The correct answer is C .
• Question 89:

  __________ is a source of short term capital?

  Options:
  A) Shares
  B) Overdraft
  C) debenture
  D) leasing
  Show Answer
  The correct answer is B .
• Question 90: An association to which all chambers of commerce in Nigeria are affiliated is the? Options:
  A) Nigeria Labour Congress
  B) National Association of Chambers of commerce, industry, Mines and Agriculture
  C) Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
  D) Nigeria Stock Exchange
  Show Answer
  The correct answer is C .