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 891:

  The process of winding up or bringing a company to an end is________

  Options:
  A) Dissolution
  B) Liquidation
  C) Integrating
  D) Merger
  Show Answer
  The correct answer is B .
• Question 892: A good financial instrument which serves as a hedge against inflation is? Options:
  A) a bond
  B) a share
  C) an opion
  D) a warrant
  Show Answer
  The correct answer is A .
• Question 893: Excise duties are paid on goods that are Options:
  A) imported into the country
  B) manufactured within the company
  C) exported to other clonutries
  D) kept in bond warehouses
  Show Answer
  The correct answer is B .
• Question 894: A contract for the sale of goods involved the? Options:
  A) producer, seller and the buyer of goods
  B) offering of goods to customers
  C) transfering of the title to goods for money
  D) exchange of goods
  Show Answer
  The correct answer is C .
• Question 895:

  Which of the following regulates and controls the activities in the Nigeria Stock Exchange?

  Options:
  A) SEC
  B) CBN
  C) BPE
  D) NDIC
  Show Answer
  The correct answer is A .
• Question 896:

  The part of the computer that has the capacity to interpret instruction is

  Options:
  A) central processing unit
  B) universal power storage
  C) monitor
  D) keyboard
  Show Answer
  The correct answer is A .
• Question 897: The difference between a private and public limited liability company is that the former? Options:
  A) is unable to offer shares to the public
  B) is unable to declare and pay dividend
  C) has a higher number of shareholders
  D) pays higher salaries to its managers
  Show Answer
  The correct answer is A .
• Question 898: The process of converting a non-profit making organisation to a profit-making business is ________? Options:
  A) indigenisation
  B) privatisation
  C) deregulation
  D) commercialisation
  Show Answer
  The correct answer is B .
• Question 899: One type of investment that have a variable income is Options:
  A) debentures
  B) preferred shares
  C) government bonds
  D) ordinary shares
  Show Answer
  The correct answer is D .
• Question 900:

  A demonstration of social responsibility by a business is the payment of

  Options:
  A) interests on loans
  B) taxes to government
  C) dividends to shareholders
  D) premium on insurance
  Show Answer
  The correct answer is B .