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Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

49 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

49 questions

Question 1 of 20 49 total questions

Question 1

jamb 2006

What is the capital employed?

AN 200 000

BN 340 000

CN 170 000

DN 300 000

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Question 2

jamb 2006

In the communication process. Y represents

Athe encoder

Bthe medium

Cthe initator

Dnoise

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Question 3

jamb 2006

X represents

Aaction

Btransmission

Cideation

Dreceiver

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Question 4

jamb 2006

Foreign trade also involves?

Aproviding services for other countries

Bspecialization and the exchange of goods in a country

Cbuying and selling within a country

Dthe exchange of goods and services between firms

View Explanation & Discuss

Question 5

jamb 2006

The role of a wholesaler in the channel of distribution is to?

Aproduce goods in large quantities and sell in small quantities

Bbuy goods directly from the manufacturers

Cbuy goods in large quantities and sell in small quantities

Dsell goods directly to the consumers

View Explanation & Discuss

Question 6

jamb 2006

In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?

Acounter trade

Bbalance of trade

Cbalance of payments

Dterms of trade

View Explanation & Discuss

Question 7

jamb 2006

The documents used in the purchase and sale of goods which contain other terms of trade are?

Adebit note and credit note

Bdelivery note and advice nopt

Cinvoice and order

Dquotation and invoice

View Explanation & Discuss

Question 8

jamb 2006

An objective of the farmers' association is to?

Aensure that the prices of goods are fair and reasonable

Bcorrect the imbalance between consumers and producers

Cimprove the methods of selling and advertising

Dprovide a stable market outlet for farm inputs

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Question 9

jamb 2006

A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a?

Amulitple shop

Bsupermarket

Csuperstore

Ddepartmental store

View Explanation & Discuss

Question 10

jamb 2006

The Customs and Excise Department is responsible for the the collection of?

Aroyalties

Btariffs

Ctaxes

Dcharges

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Question 11

jamb 2006

The major types of warehouse are?

Amanufacturer, bonded, departemental and private

Bbonded, public, coldroom and private

Cmanufacturer, bonded, public and departmental

Dwholesaler, manufacturer, public and bonded

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Question 12

jamb 2006

Consumerism aims at protecting the consumer from?

Aharmful products

Bdrug addiction

Csmoking cigarettes

Dalcohol consumption

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Question 13

jamb 2006

Hire purchase is beneficial to the seller because?

Ait enhances his living standard

Bit increases his turnover

Cpeople pay instalmentally

Dof the patronage he enjoys

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Question 14

jamb 2006

A trade association consists of members engaged in the same trade while a chamber of commerce is?

Ahighly regulated by a governent agency

Bnot restricted on a particular industry

Cmade up of members that are registered

Dmade up of firms in the banking industry

View Explanation & Discuss

Question 15

jamb 2006

The members of ECOWAS include?

ANigeria, Chad, Gabon and Cape Verde

BBurkina Faso, Nigeria and Ghana, Algeria

CGuinea, Mali, Cameroun and Nigeria

DTogo, Niger, Nigeria and Ghana

View Explanation & Discuss

Question 16

jamb 2006

The most important advantage of privatization is the enhancement of?

Aliquidity

Baccountantability

Cprofitability

Defficiency

View Explanation & Discuss

Question 17

jamb 2006

When one person approves an act previously done by another in the former's name without authority, this is known as?

Aratification

Bestoppel

Cillegality

Dmisrepresentation

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Question 18

jamb 2006

Safeguarding the health of the nation' is the slogan used by?

ANDLEA

BNHIS

CNAFDAC

DEPL

View Explanation & Discuss

Question 19

jamb 2006

In Nigeria, the main source of pollution is?

Adomestic waste

Boganic waste

Cgas flaring

Dindustral waste

View Explanation & Discuss

Question 20

jamb 2006

The headquarters of the lake Chad Basin Commission is in?

ANiamey

BN'Djamena

CAbuja

DLagos

View Explanation & Discuss

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