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: Balance of payment problems arise if a country's? Options:
  A) exports is more than imports
  B) imports is more than exports
  C) currency devaluation
  D) invisible exports is more than visible exports
  Show Answer
  The correct answer is B .
• Question 892:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 893:

  A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

  Options:
  A) pre-emptive right
  B) over-subscription right
  C) ex-dividend right
  D) shareholders right
  Show Answer
  The correct answer is A .
• Question 894:

  A partnership is dissolved due to

  Options:
  A) resignation of an employee
  B) liquidity of the firm
  C) death of the employee
  D) insanity of a partner
  Show Answer
  The correct answer is D .
• Question 895: The most important function of commerce is? Options:
  A) helping people to improve thir profits
  B) facilitaing exchanges among indiviuals and firms
  C) assisting trade through banking and insurance
  D) enhancing business relationships
  Show Answer
  The correct answer is B .
• Question 896: In product pricing, which of this element needs more consideration than others? Options:
  A) the demand for the product
  B) the demography of the buyers of the product
  C) the economic conditions in the markkets
  D) the cost of producing the product
  Show Answer
  The correct answer is D .
• Question 897:

  In a law of contract, what is given in exchange for a promise to perform is_____

  Options:
  A) offer
  B) acceptance
  C) warranty
  D) consideration
  Show Answer
  The correct answer is D .
• Question 898: The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as Options:
  A) current account
  B) monetary movement account
  C) capital account
  D) social-welfare account
  Show Answer
  The correct answer is B .
• Question 899:

  The document that explains the types of shares available for sale to the public is

  Options:
  A) a prospectus
  B) an invoice
  C) closed indent
  D) an open indent
  Show Answer
  The correct answer is A .
• Question 900: A computer accessory through which information can be retrieved is the Options:
  A) hard disk
  B) input device
  C) control unit
  D) floppy disk
  Show Answer
  The correct answer is D .