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.

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

89 questions
Question 1 of 20 89 total questions
Question 1
jamb 2018

what is the rate of turnover from the table?

A3.50 times
B3.00 times
C2.00 times
D2.18
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Question 2
jamb 2018

The progragramme that makes up the operating system in a computer system is called? 

Asystem software
Bmicro program
Csyntax
Dsystem flow-chart
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Question 3
jamb 2018

 communication process involves the transmission of a message over a selected channel to the?

Aencoder
Breceiver
Caudience
Dsender
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Question 4
jamb 2018

A group of companies is a collection of? 

Asubsidiaries and their holding company
Bfirms
Cassociates and their holding company
Dindustries
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Question 5
jamb 2018

The agency in Nigeria which ensures that products conform with government quality specifications is the?

Astandard organisation of Nigeria
BNigeria consumer association
Cmanufacturers association of Nigeria
DNigeria chambers of commerce
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Question 6
jamb 2018

one of the obstacles to achieving the objectives of ECOWAS is?

Alack of a common currency
Bcolonial linkages
Csovereignty of state
Dlanguage difference
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Question 7
jamb 2018

The temporary working area of the control processing unit is called the?

ACD-ROM
BCD-RAM
CROM
DRAM
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Question 8
jamb 2018

warehousing is a productive function because it increases the?

Aquantity of goods
Butility of goods
Cquality of goods
Dprice of goods
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Question 9
jamb 2018

A pro forma invoice is sent to inform a buyer about the?

Aquantity of goods
Bprice of goods
Cdesignation of goods
Dquality of goods
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Question 10
jamb 2018

A merchant wholesaler is referred to as?

Adel-credere agent
Ba broker
Crack jobber
Da factor
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Question 11
jamb 2018

i. personal savings. ii. retained earnings iii. accrued taxes. Which of the items constitute internal sources of financing for companies?

Ai and ii
Bi and iii
Cii and iii
Di, ii and iii
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Question 12
jamb 2018

A form of ownership which exploits the strenght of one partner to remedy the weakness of the other is the?

Ajoint partnership
Bcooperative
Ccorporation
Djoint venture
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Question 13
jamb 2018

 The first known legislation to protect consumer rights in Nigeria is the? 

Ausury laws
Bsale of goods act
Chire purchase act
Dfood and drugs act
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Question 14
jamb 2018

A chamber of commerce is an association made up of?

Amerchants
Bmanufacturers
Centrepreneurs
Dimporters
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Question 15
jamb 2018

The three components of staffing are? 

Arecruitment, interview and appointment
Brecruitment, selection and placement
Crecruitment, test and placement
Drecruitment, procurement and appointment
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Question 16
jamb 2018

A form of money that has gone out of use is ?

Acommodity money
Bbank money
Cpaper money
Dforeign money
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Question 17
jamb 2018

On liquidation of a public limited liability company, the residual owners are the?

Acreditors
Bdebenture shareholders
Cpreference shareholders
Dordinary shareholder
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Question 18
jamb 2018

The insurance principle that requires full disclosure of information on the insured is known as ?

Aindemnity
Bcaveat emptor
Csubrogation
Duberrimae Fidel
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Question 19
jamb 2018

A printer that burns the print image into the photosensitive drum is called?

Adot matrix printer
Blaser printer
Cdaisy wheel printer
Dthermal printer
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Question 20
jamb 2018

The share capital value that forms part of the balance sheet total is the?

Aissued share capital
Bcalled-up share capital
Cauthorised share capital
Dpaid-up share capital
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