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.

50 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

50 questions
Question 1 of 20 50 total questions
Question 1
jamb 2007

Determine the owner's equity

AN 38 000 000
BN 20 000 000
CN 42 000 000
DN 25 000 000
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Question 2
jamb 2007

What is the net working capital?

AN 6 000 000
BN 16 000 000
C(N 11 000 000)
DN 25 000 000
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Question 3
jamb 2007

The scope of economic activities can be enlarged by

Atransportation and trading
Bbusiness and its promotion
Ctrading and aids to trade
Dinsurance and banking
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Question 4
jamb 2007

Which of the following best describes inputs for any production activity?

ANatural resources
BBussiness resources
CHuman resources
DMaterial resources
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Question 5
jamb 2007

The body regulating the sale and purchase of shares in Nigeria is the?

ACorporate Affairs Commision
BSecurities and Exchange Commision
CSecurities and Exchange Tribunal
DNigeria Stock Exchange
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Question 6
jamb 2007

A credit instrument which also serves as a legal tender is?

Acheque
Bpaper money
Cvoucher
Dmoney order
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Question 7
jamb 2007

A new company requiring a large amount of equity finance may source funds from the?

Acapital market
Bcentral bank
Cmoney market
Dcommercial banks
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Question 8
jamb 2007

The selling of new shares to existing shareholders is referred to as?

Apublic issue
Boffer for sale
Crights issue
Dbonus issue
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Question 9
jamb 2007

The central bank controls the quantity of money in circulation through?

Aopen-market operations
Bdecreasing the tax rate
Cissuing new currencies
Dincreasing the tax rate
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Question 10
jamb 2007

Which of the is a risk-free security?

APreference share
BOrdinary share
CTreasury bill
DDebenture
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Question 11
jamb 2007

The difference between the buying and selling price of shares is known as?

Abrokerage
Bmargin
Cjobber's turn
Dgross profit
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Question 12
jamb 2007

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?

Aunit of account
Bmeasure of value
Cstore of value
Dmedium of exchange
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Question 13
jamb 2007
A major benefit a debtor can derive from using a credit facility is?
Abetter service
Bgoodwill
Cconvenience
Dcontrol
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Question 14
jamb 2007
The sale of of foreign investment and gold reserves can be used to?
Acorrect adverse balance of trade
Bincrease invisible imports
Ccorrect adverse balance of payment
Dcorrect a budget deficit
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Question 15
jamb 2007

The abbreviation C and F indicate that the?

Aproduction cost excludes the cost of carriage
Bselling price includes the cost of carriage
Ccost of production includes dilivery charges
Dcost price includes the cost of carriage
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Question 16
jamb 2007

A share premium is an example of?

Aissued capital
Bcapital stock
Cequity capital
Dcapital reserve
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Question 17
jamb 2007

The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

Asubscriptions
Btotal savings
Cvolume of purchase
Dcontributions
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Question 18
jamb 2007

Which of the following requires payment into the payee's account?

ACrossed cheque
BTraveller's cheque
COpen cheque
DCertified chegues
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Question 19
jamb 2007

A major setback of international trade is?

Ainadequate exports
Beconomic sanctions
Cdevaluation of currency
Dexchange rate appreciation
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Question 20
jamb 2007

The major function of a trade association is that it?

Aliases with foreign trade associations
Bhelps to promotes foreign trade
Cfacilitates members' access to credit facilities
Dhelps to promote research on behalf of members
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