Log In SignUp
Classroom

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.

96 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

96 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 20 96 total questions
Question 1
waec 2011

When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed

AConsumer behaviour
BConsumerism
CConsumer education
DConsumer orientation
View Explanation & Discuss
Question 2
waec 2011
The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are
Adesirable to customers
Bcompany oriented
Cbeautifully packaged
Dprofit oriented
View Explanation & Discuss
Question 3
waec 2011

A false statement made by one party with an intention of inducing to enter into a contract with him is known as

Amisrepresentation
Blegal capacity
Cconsensus ad idem
Dconsideration
View Explanation & Discuss
Question 4
waec 2011

Which of the following is not a member of the Lake Chad Basin Commission

ANigeria
BChad
CGabon
DCameroun
View Explanation & Discuss
Question 5
waec 2011

The development of commerce was encouraged by the desire to

Aget goods and services of others
Bwork with others
Ccreate wealth for the nation
Dsatisfy all wants and needs
View Explanation & Discuss
Question 6
waec 2011

The completion of the production process by grading and branding of goods is a function of the

Atransporter
Bwholesaler
Cretailer
Dconsumer
View Explanation & Discuss
Question 7
waec 2011
Which of the following pieces of information would be found in a typical debit note
ACustomer code
BDate of invoice
CBrief reason for the debit
DE & O.E
View Explanation & Discuss
Question 8
waec 2011

Rights issue is the

Aindividual's right to be issued shares n subscription
Bright of shareholders to voteon issues
Cpreferntial right to returns on shares
Dshares offered to existing shareholders at a cheaper price
View Explanation & Discuss
Question 9
waec 2011

The relationship which subsists between between two or more persons carrying on a business with a view to profit" is

Acooperative society
Bpartnership
Cpublic limited company
Dcredit union
View Explanation & Discuss
Question 10
waec 2011

Liquid capital in a business means the

Amovable assets of the business
Bauthorised capital
Cissued capital
Dassets easily convertible to cash
View Explanation & Discuss
Question 11
waec 2011

Trade as a division of commerce is usually classified into

Aretail and whole sale
Bimport and export
Chome and foreign
Dvisible and invisible
View Explanation & Discuss
Question 12
waec 2011

Using symbols, letters, name or combination of these by a company to distinguish its products is

Aproduct cycle
Bmarketing mix
Ctrade mark
Dmarket segmentation
View Explanation & Discuss
Question 13
waec 2011

Which of the following is not a function of Ports Authority?

AProviding facilities for loading and off-loading of vessels
BCollection of dock dues
CProviding enough ships for the country
DDredging of harbours
View Explanation & Discuss
Question 14
waec 2011

A voluntary association of business executives within a locality is known as

ATrade Union
BConsumers' Association
CChamber of Commerce
DTrade Association
View Explanation & Discuss
Question 15
waec 2011

Encouraging a high quality of members' products through the circulation of research information is a function of

AManufacturers Association
BTrade Union
CEmployers Association
DConsumers Association
View Explanation & Discuss
Question 16
waec 2011

When C.I.F is quoted on an invoice, it means that the price includes the

Acost of goods only
Bcost of insurance only
Ccost of carriage only
Dcost, insurance and carriage
View Explanation & Discuss
Question 17
waec 2011

Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchanged?

ACurrency notes
BCowries
CCheques
DBankdrafts
View Explanation & Discuss
Question 18
waec 2011

Which of the following distinguishes home trade from foreign trade?

APayments are easily arranged
BTaxies are levied
CGoods have to be warehoused
DMiddlemen are not required
View Explanation & Discuss
Question 19
waec 2011

Banks settle their indebtedness in the

Adiscount house
Bstock exchange market
Ccommercial bank
Dclearing house
View Explanation & Discuss
Question 20
waec 2011

A cheque dated 15th March 2012, will become stale on

A16th June 2012
B16th July 2012
C16th August 2012
D16th September 2012
View Explanation & Discuss
Question Navigator
Current
MathsFaculty