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 901: Labour as an input in production can be motivated by Options:
  A) training
  B) profit
  C) remuneration
  D) promotion
  Show Answer
  The correct answer is C .
• Question 902:

  A doctor who attends to patients at home after his official duty is

  Options:
  A) a direct and indirect service worker
  B) a direct service worker
  C) an indirect service worker
  D) a community developer
  Show Answer
  The correct answer is B .
• Question 903: One of the main features of a partnership is? Options:
  A) limited liability
  B) lack of corporate existence
  C) unlimited membership
  D) lack of utual confidence
  Show Answer
  The correct answer is B .
• Question 904: The direct authority of a superior over his subordinate is known as Options:
  A) staff authority
  B) line authority
  C) line and staff authority
  D) office authority
  Show Answer
  The correct answer is B .
• Question 905: The most effective nut limited medium of advertising in Nigeria is? Options:
  A) billboard
  B) television
  C) newspaper
  D) radio
  Show Answer
  The correct answer is A .
• Question 906: Balance of payments is made up of? Options:
  A) visible and current items
  B) invisible and capital items
  C) current and capital items
  D) visible and invisible items
  Show Answer
  The correct answer is C .
• Question 907: Transport, retailing and wholesaling industries rely heavily on Options:
  A) banking
  B) insurance
  C) manufacturing
  D) railway
  Show Answer
  The correct answer is C .
• Question 908: If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales? Options:
  A) 23.3%
  B) 33.3%
  C) 50.0%
  D) 66.6%
  Show Answer
  The correct answer is B .
• Question 909: An activity that involves derivation of raw materials from land and sea is? Options:
  A) construction
  B) farming
  C) agriculture
  D) extraction
  Show Answer
  The correct answer is D .
• Question 910: The vessels that operate on specific route on high seas and oceans are Options:
  A) Coastal Liners and Cargo Liners
  B) Cargo Liners and Tramp liners
  C) Passenger liners and Tramp liners
  D) Passenger Liners and Cargo Liners
  Show Answer
  The correct answer is D .