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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 2013

Use the above table to answer this question

What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?

AIndemnity

BInsurable interest

CUberrimae fidei

DSubrogation

View Explanation & Discuss

Question 2

jamb 2013

Use the table above to answer this question

If Mr. N takes a fire insurance policy with average clause, his compensation will be

AN 5000

BN 7, 500

CN 70, 000

DN 75, 000

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Question 3

jamb 2013

The difference between indemnity insurance and non-indemnity insurance is that the latter provides

Acover for exporters against risks

Bcover for importers against risks

Cfull payment to the insured

Dconsolation payment to the insured

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Question 4

jamb 2013

A computer accessory through which information can be retrieved is the

Ahard disk

Binput device

Ccontrol unit

Dfloppy disk

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Question 5

jamb 2013

The environmental hazard that is most difficult to control is

Aland pollution

Bwater pollution

Cair pollution

Dpolitical unrest

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Question 6

jamb 2013

A major factor that affects business operations is

Atechnology

Bsupply

Cproduct

Drivalry

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Question 7

jamb 2013

To meet security requirements before gaining access to data, a computer operator supplies

Aan e-mail address

Ba yahoo address

Ca password

Da modem

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Question 8

jamb 2013

The type of computer software used mainly for management information is

Acorel draw

Bautocad

Cdata base

Dword perfect

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Question 9

jamb 2013

The physical component of a computer system is

Asoftware

Bhardware

Chard disk

Dfloppy disk

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Question 10

jamb 2013

The process of transferring data from one computer to another is referred to as

Adownloading

Bfaxing

Cbrowsing

Ddecoding

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Question 11

jamb 2013

The sole legal right held by the author to publish his book is

Atrademark

Bcopyright

Cpatent right

Dbookmark

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Question 12

jamb 2013

A contract can be terminated through

Aphysical combat

Bfamily intervention

Cfrustration

Dconsultation

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Question 13

jamb 2013

The right to retain possession of goods until the contract price is paid is referred to as

Aa promise

Bultra vires

Ca breach

Da lien

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Question 14

jamb 2013

A motor dealer who agreed to sell a car to Mr X but delivered it to Mr Y on the delivery date agreed with Mr X. He has discharged the contract by

Aperformance

Bfrustration

Can agreement

Dbreach

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Question 15

jamb 2013

An agent employed to sell goods delivered to him by the principal is referred to as a

Aspecial agent

Bdel credere agent

Cfactor

Duniversal agent

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Question 16

jamb 2013

A contract that is acknowledged before the law court is referred to as

Ainformal contract

Bformal contract

Ccontract of records

Dspecialty contract

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Question 17

jamb 2013

The breaking down of a market into separate and identifiable elements is known as

Adifferentiation

Bsegmentation

Cskimming

Dpenetration

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Question 18

jamb 2013

The essential utility derived from the use of a product is known as

Aaugmented benefit

Bbranded benefit

Ccore benefit

Dformal benefit

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Question 19

jamb 2013

Which of the following is used as a pricing policy?

APackaging

BMarket selection

CLabelling

DMarket skimming

View Explanation & Discuss

Question 20

jamb 2013

Management of a business involves the development of ideas for the

Adistribution of goods and services that human wants

Btransportation of goods and services that human wants

Ctransfer of title of ownership of goodsand services to individuals

Dproduction of goods and services that satisfy human needs

View Explanation & Discuss

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