JAMB and WAEC Commerce questions

611 questions with answers and explanations. Tap an option to check yourself.

1. Question 541· The stock exchange· JAMB

   The charge paid by a bull to carry over a transaction to the next settlement period is

   • Abackwardation
   • Barbitrage
   • Cbrokerage
   • Dcontango

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   Answer: D. contango

   Explanation and discussion

2. Question 542· The stock exchange· WAEC

   A stock exchange market in which share prices are generally rising is called a

   • Abull market
   • Bbear market
   • Cstag market
   • Dblack market

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   Answer: A. bull market

   Explanation and discussion

3. Question 543· The stock exchange· WAEC

   A person who buys and sells shares on behalf of clients is a

   • Astockbroker
   • Bshareholder
   • Cdebenture holder
   • Dauditor

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   Answer: A. stockbroker

   Explanation and discussion

4. Question 544· The stock exchange· JAMB

   A bonus issue is

   • Aa debenture
   • Bshares sold at a discount
   • Ca cash dividend
   • Dfree shares given to existing shareholders from reserves

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   Answer: D. free shares given to existing shareholders from reserves

   Explanation and discussion

5. Question 545· The stock exchange· WAEC

   A stag on the stock exchange is a speculator who

   • Aholds shares for life
   • Bsells expecting a fall
   • Cis a registered broker only
   • Dbuys new issues hoping to sell quickly at a profit

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   Answer: D. buys new issues hoping to sell quickly at a profit

   Explanation and discussion

6. Question 546· The stock exchange· JAMB

   Government bonds are often called gilt-edged securities because they

   • Acarry very little risk of default
   • Bpay no interest
   • Care traded only abroad
   • Dcan be bought by banks alone

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   Answer: A. carry very little risk of default

   Explanation and discussion

7. Question 547· The stock exchange· JAMB

   A dealing member of the stock exchange who buys and sells securities on behalf of clients is a

   • Abear
   • Bjobber
   • Cstag
   • Dstockbroker

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   Answer: D. stockbroker

   Explanation and discussion

8. Question 548· The stock exchange· JAMB

   A bear on the stock exchange is a speculator who

   • Abuys new issues
   • Bsells shares expecting their price to fall
   • Cbuys expecting a rise
   • Dholds shares for many years

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   Answer: B. sells shares expecting their price to fall

   Explanation and discussion

9. Question 549· The stock exchange· WAEC

   An investor who sells shares expecting prices to fall is a

   • Abull
   • Bbear
   • Cstag
   • Dbroker

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   Answer: B. bear

   Explanation and discussion

10. Question 550· The stock exchange· JAMB

    Bonds issued by government to borrow money are called

    • Aordinary shares
    • Bgovernment securities (gilt-edged)
    • Cpreference shares
    • Ddebentures of companies

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    Answer: B. government securities (gilt-edged)

    Explanation and discussion

11. Question 551· Transport· JAMB

    A ship that sails on fixed routes according to a published timetable is a

    • Aliner
    • Btramp
    • Ccoaster
    • Dbarge

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    Answer: A. liner

    Explanation and discussion

12. Question 552· Transport· WAEC

    A charter party is an agreement for

    • Abuying shares
    • Bhiring a ship
    • Cinsuring goods
    • Dopening an account

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    Answer: B. hiring a ship

    Explanation and discussion

13. Question 553· Transport· JAMB

    An air waybill is

    • Aa shipping document
    • Ba document issued by an airline for goods sent by air
    • Ca postage stamp
    • Da rail ticket

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    Answer: B. a document issued by an airline for goods sent by air

    Explanation and discussion

14. Question 554· Transport· JAMB

    The main advantage of rail over road transport is that rail

    • Agives door-to-door service
    • Bcarries heavy and bulky goods cheaply over long distances
    • Cis more flexible
    • Dis faster over short distances

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    Answer: B. carries heavy and bulky goods cheaply over long distances

    Explanation and discussion

15. Question 555· Transport· WAEC

    A disadvantage of air transport is that it

    • Ais affected by traffic jams
    • Bis slow
    • Ccannot carry passengers
    • Dis expensive for bulky goods

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    Answer: D. is expensive for bulky goods

    Explanation and discussion

16. Question 556· Transport· WAEC

    A disadvantage of rail transport in Nigeria is that

    • Ait carries heavy goods
    • Bit does not reach many towns
    • Cit is cheap for bulk
    • Dit uses fixed routes

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    Answer: B. it does not reach many towns

    Explanation and discussion

17. Question 557· Transport· JAMB

    Air transport is most suitable for goods that are

    • Abulky and cheap
    • Bbuilding materials
    • Cheavy minerals
    • Dlight, valuable or perishable

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    Answer: D. light, valuable or perishable

    Explanation and discussion

18. Question 558· Transport· WAEC

    Crude oil is best transported over land by

    • Aair
    • Bpipeline
    • Crail only
    • Dmotorcycle

    Show answer

    Answer: B. pipeline

    Explanation and discussion

19. Question 559· Transport· WAEC

    A charter party is

    • Aa travel ticket
    • Ba political party
    • Can agreement to hire a ship or aircraft
    • Da customs form

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    Answer: C. an agreement to hire a ship or aircraft

    Explanation and discussion

20. Question 560· Transport· WAEC

    Pipelines are used in Nigeria mainly to carry

    • Aletters
    • Bpassengers
    • Ccattle
    • Dcrude oil and petroleum products

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    Answer: D. crude oil and petroleum products

    Explanation and discussion