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.

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

48 questions
Question 1 of 20 48 total questions
Question 1
waec 2014

An advertising campaign designed to sell one's own products at the expense of other brands is

Acompetitive
Bpersuasive
Cdirect
Dinformative
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Question 2
waec 2014

The place where bankers meet daily to exchange cheques drawn on each other is known as

Acapital market
Bmoney market
Cclearing house
Ddiscount houses
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Question 3
waec 2014

When a ship overstays the allowed number of days at the port, it is made to pay

Ainterest
Btariff
Cdemurrage
Dcommission
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Question 4
waec 2014

A voluntary association which consists of people who represents a cross section of business interests in an area is a

ATrade Association
BTrade Union
CChamber of Commerce
DConsumer's Association
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Question 5
waec 2014
A postal service that allows a company's customers to reply to its advertisements at the expense of the company is
Arecorded delivery service
Bpost restante
Cexpress delivery service
Dbusiness reply service
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Question 6
waec 2014

A business obtains part of its short-term capital from

Abonds
Bdebentures
Ctrade credit
Dordinary shares
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Question 7
waec 2014

A person who contributes money to a partnership business and is also involved in its general supervision is called

AAn active partner
Ba limited partner
CA dormant partner
Da nominal partner
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Question 8
waec 2014
The part of authorized capital of a company sold to shareholders is
Apaid-up capital
Bcalled-up capital
Cissued capital
Dnominal capital
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Question 9
waec 2014
The issue of Certificate of Incorporation to a company means that it has
Astarted production
Blegally come into being
Cappointed a board of directors
Dmerged with another company
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Question 10
waec 2014
One of the functions of a central bank is to
Aperform supervisory role among all the banks in the country
Bprovide the means of payment to individuals
Censure the smooth transfer of shares
Daccept private deposits
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Question 11
waec 2014
A system of buying goods by an agent where the supplier is determined by the principal is
Atied shop
Bclosed shop indent
Copen indent
Dring trading
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Question 12
waec 2014
Carpentry is an activity classified under
Aextractive occupation
Btertiary occupation
Ccommercial occupation
Dconstructive occupation
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Question 13
waec 2014
A system of buying products from a machine is known as
AImpulse buying
Bbranding
Cautomatic vending
Dloss leader
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Question 14
waec 2014
A cheque bearing a date showing that it was issued more than six months ago is termed a
Ablank cheque
Bbearer cheque
Cstale cheque
Dorder cheque
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Question 15
waec 2014
The documents issued by the Registrar of companies which allows a public company to commence business is called
Atrading certificate
Bprospectus
Ccertificate of incorporation
Dmemorandum of association
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Question 16
waec 2014
The distribution of goods creates
Atime utility
Bplace utility
Cform utility
Dpossession utility
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Question 17
waec 2014
Foreign trade is concerned with
Aexchange of goods and services among companies
Bbuying and selling of imported goods
Cexchange of goods and services among citizens
Dbuying and selling of goods and services among countries
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Question 18
waec 2014

An amount paid by a bull who wishes to defer the purchase of shares to the next accounting period is

Abrokerage
Bbackwardation
Ccontango
Dcommission
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Question 19
waec 2014
A fixed deposit account is beneficial to its holders because
Acheques can be issued to settle huge debts
Bcustomers can become shareholders of the bank
Cit attracts higher interest rate
Dit allows customers overdraw their accounts
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Question 20
waec 2014
Buying on impulse is encouraged by
Aco-operative shops
Bhawkers
Csupermarket
Dmail order firms
View Explanation & Discuss
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