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.
Public debt management is one of the functions of a ----- bank
Acentral
Bcommercial
Cdevelopment
Dindustrial
Emerchant
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Question 1002
neco2007
Another name for a foreign order is
Acatalogue
Bexport
Cimport
Dindent
Equotation
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Question 1003
neco2007
A financial document stating the reasons for making a payment and details of the payment is
Abank draft
Bcash book
Ccheque
Dpayslip
Evoucher
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Question 1004
neco2007
The process of passing information from one person to another in an organization is known as
Acommunication
Bco-ordination
Cdelegation
Ddirection
EMotivation
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Question 1005
neco2007
When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an
Aadvice note
Bconsignment note
Ccredit note
Ddebit note
Estatement
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Question 1006
neco2007
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Kolawole’s average stock is?
AN9,000.00
BN10, 000.00
CN279,000.00
DN280,000.00
EN290,000.00
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Question 1007
neco2007
The combination of product, price,
Aconsumer orientation
Bmarketing concept
Cmarketing mix
Dmarker research
Eproduct mix
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Question 1008
neco2007
The fee for sending a telegram depends on the
Anumber of lines contained by the message
Bnumber of words contained in the message
Cthe security of the message
Dtime it would take the message to reach its destination
Eurgency of the message
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Question 1009
neco2007
Income distribution, nature of natural resources, investment etc. forms part of -----business environment.
Acultural
Beconomic
Cpolitical
Dsocial
Etechnological
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Question 1010
neco2007
Which of the following is an invisible item of trade?
ABanking Service
BPetroleum Product
CProcessed Rice
DProcessed Milk
EProcessed Yam Flour
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Question 1011
neco2007
The amount receivable by shareholders after the declaration of profit is called
Abonus
Bcommission
Cdividend
Dinterest
Epremium
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Question 1012
neco2007
The following are methods of quoting prices EXCEPT
AA.C.I.F
BF.A.S
CF.O.B
DL.O.C.O
EE.O.E
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Question 1013
neco2007
Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the
Aagent
Bauctioneer
Cbroker
Dofferee
Eofferor
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Question 1014
neco2007
The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the
Aaero plane
Bcaravan
Clorry
Dship
Etrain
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Question 1015
neco2007
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?
A2.0 times
B30.0 times
C31.0 times
D31.3 times
E32.2 times
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Question 1016
neco2007
The most suitable mode of transport for conveying gas and liquid within Nigeria is
Aair
Bpipeline
Crail
Droad
Ewater
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Question 1017
neco2007
A Speculator in the stock exchange who buys shares hope that prices will rise is called
Abear
Bbroker
Cbull
DJobber
Eshareholder
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Question 1018
neco2007
The authority that transfers to a third party the shard right to vote is called
Abond
Bindent
Cproxy
Dright issue
Ewarranty
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Question 1019
neco2007
A marketing term the for the presentation of goods in a neatly wrapped container is
Aadvertising
Bcredit to customers
Clabelling
Dmerchandising
Epackaging
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Question 1020
neco2007
“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of
