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.

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

81 questions
Question 1 of 20 81 total questions
Question 1
jamb 2022

Which of the following is not an objective of ECOWAS?

Apromotion of a common language
Bimprovement of infrastructural facilities
Cencouragement of free movement of people
Dencouragement of trade among member countries
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Question 2
jamb 2022

A medium for intra-departmental communication is all except

Aintercom
Bnotice board
Cradiophone
Dcircular
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Question 3
jamb 2022

The management function which involves measuring outcomes and taking corrective action to reduce error is

Astaffing
Borganizing
Cdirecting
Dcontrolling
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Question 4
jamb 2022

A person engaged for the purpose of bringing his principal and a third party into a contractual relation is

Aan arbiter
Ban auctioneer
Can agent
Da middlemen
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Question 5
jamb 2022

A contract will not be discharge through

Aacceptance
Bagreement
Cbreach
Dperformance
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Question 6
jamb 2022

An agreement that is enforceable in law is

Aan offer
Ba consideration
Ca contract
Dan acceptance
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Question 7
jamb 2022

The marketing term which regards the consumer as king that must be satisfied is

Amarket segmentation
Bmarket research
Cmarketing concept
Dmarketing mix
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Question 8
jamb 2022

Which of the following is not a component of the marketing mix?

Aproduct
Bproduction
Cpromotion
Dplace
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Question 9
jamb 2022

The activity which improves the appearance of a product and also aimed at protecting it is

Aadvertising
Bgrading
Clabelling
Dpackaging
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Question 10
jamb 2022

The face-to-face meeting of the seller with the buyer for the purpose of making sales is

Amass selling
Bimpulse buying
Cpersonal selling
Dsale promotion
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Question 11
jamb 2022

A paid presentation about a product with a view to encouraging purchases by an identifiable sponsor is

Apublicity
Bpersonal selling
Csales promotion
Dadvertisement
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Question 12
jamb 2022

One of the objectives of the Niger Basin Commission is to

Aregulate the movement of citizens across borders
Bimprove tariff and quota on non-members
Cregulate the movement of cargo along the river
Dstreaming the construction of dams on the river
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Question 13
jamb 2022

The safe keeping of goods produced until they are needed is

Ahoarding
Bmarketing
Cpackaging
Dwarehousing
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Question 14
jamb 2022

A specially-designed mode of transport for conveying liquid and gas is a

Acoaster
Btanker
Cliner
Dferry
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Question 15
jamb 2022

A cheque that could be cashed over the counter by the payee is

Acertified cheque
Bcrossed cheque
Copen cheque
Dbank draft
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Question 16
jamb 2022

When a company insures the lives of all its employees collectively, the policy is

Aaccident insurance
Bfleet insurance
Cfidelity guarantee insurance
Dgroup insurance
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Question 17
jamb 2022

An insurance policy which is not a contract of indemnity is

Aburglary insurance
Bfire insurance
Clife insurance
Dmotor insurance
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Question 18
jamb 2022

The bank which acts as the lender of last resort is the

ACentral bank
BCommercial bank
CMerchant bank
DMortegage bank
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Question 19
jamb 2022

The share value stated on a share certificate is

Aabove par value
Bbelow par value
Cmarket value
Dnominal value
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Question 20
jamb 2022

The right to buy or sell stock in the stock exchange within a stipulated period is

Aoption
Bcontango
Cbackwardation
Dbrokerage
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