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 941:

  What is the difference between current assets and current liabilities?

  Options:
  A) Working capital
  B) nominal capital
  C) capital employed
  D) issued capital
  Show Answer
  The correct answer is A .
• Question 942: One of the most important function of marketing is? Options:
  A) encouraging research activitiesto meets needs
  B) creating classesof merchant among businessmen
  C) the extension of market for businessmen
  D) providing finances to business
  Show Answer
  The correct answer is A .
• Question 943: At the collapse of a business enterprise, the person appointed to dispose of all assets is called Options:
  A) a broker
  B) an auctioneer
  C) a liquidator
  D) an auditor
  Show Answer
  The correct answer is C .
• Question 944:

  Central banks sell treasury bills to the public to

  Options:
  A) increase cash in the banking system
  B) raise revenue for commerical banks
  C) raise revenue for private investors
  D) reduce cash in circulation
  Show Answer
  The correct answer is D .
• Question 945:

  In Nigeria, the ministry in charge of registering trade association is that of

  Options:
  A) Culture and tourism
  B) Finance
  C) Industries
  D) Commerce
  Show Answer
  The correct answer is D .
• Question 946:

  Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

  Options:
  A) Private limited liability
  B) Public limited liability
  C) Partnership
  D) Co-operative society
  Show Answer
  The correct answer is A .
• Question 947: In a typical manufacturing enterprises, the line function is performed by the Options:
  A) Public relations department
  B) Marketing Department
  C) Estate or Properties Department
  D) legal Department.
  Show Answer
  The correct answer is B .
• Question 948: Land as a factor of production does not vary in _______ Options:
  A) quantity
  B) nature
  C) quality
  D) cost
  Show Answer
  The correct answer is B .
• Question 949: A wholesaler dealer in securities is known as a Options:
  A) stockborker
  B) speculator
  C) jobber
  D) stag
  Show Answer
  The correct answer is C .
• Question 950: A major benefit a debtor can derive from using a credit facility is? Options:
  A) better service
  B) goodwill
  C) convenience
  D) control
  Show Answer
  The correct answer is C .