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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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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4,313 questions

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Question 1041

waec 2007

Which of the following is best organized as a partnership?

ADrilling and marketing of crude oil

BBrewing and distribution of beer

CDesigning and building of houses

DAssembling and marketing of vehicles

View Explanation & Discuss

Question 1042

waec 2007

Where a limited partner exists in a partnership

Ano active partner is needed

Bother partners must be nominal

Cat least one ordinary partner must be there

Dat least one member must be a legal practitioner

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Question 1043

waec 2007

The rate at which the country's import exchanges for its export is known as

ATerms of trade

BBalance of trade

CRate of exchange

DTerms of exchange

View Explanation & Discuss

Question 1044

waec 2007

The staff responsible for the calculations of probability of losses in insurance is the

AActuary

BUnderwriter

CBroker

DSolicitor

View Explanation & Discuss

Question 1045

waec 2007

Which of the following is not required in the mail order business?

AWarehouse

BCatalogue

CDisplay room

DPost office

View Explanation & Discuss

Question 1046

waec 2007

A partnership cannot raise its capital by

Aselling shares to the public

Bpersonal contribution of partners

Cadmission of new partners

Dundistributed profits

View Explanation & Discuss

Question 1047

waec 2007

Who among the following does not render direct service?

ATeachers

BMusicians

CDoctors

DRetailers

View Explanation & Discuss

Question 1048

waec 2007

Which of the following is classified as an extractive industry ?

ADigging for minerals

BDigging for roads building

CCanning of Tomatoe puree

DAssembling of cars

View Explanation & Discuss

Question 1049

waec 2007

The ancillary to trade which ensures that people gain access to facts pertaining to goods is

Ainsurance

Badvertising

Cwarehousing

Dbanking

View Explanation & Discuss

Question 1050

waec 2007

Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?

APounds and shillings

BCopper manillas

CIron bars

DCowries

View Explanation & Discuss

Question 1051

jamb 2007

Determine the owner's equity

AN 38 000 000

BN 20 000 000

CN 42 000 000

DN 25 000 000

View Explanation & Discuss

Question 1052

jamb 2007

What is the net working capital?

AN 6 000 000

BN 16 000 000

C(N 11 000 000)

DN 25 000 000

View Explanation & Discuss

Question 1053

jamb 2007

The scope of economic activities can be enlarged by

Atransportation and trading

Bbusiness and its promotion

Ctrading and aids to trade

Dinsurance and banking

View Explanation & Discuss

Question 1054

jamb 2007

Which of the following best describes inputs for any production activity?

ANatural resources

BBussiness resources

CHuman resources

DMaterial resources

View Explanation & Discuss

Question 1055

jamb 2007

The body regulating the sale and purchase of shares in Nigeria is the?

ACorporate Affairs Commision

BSecurities and Exchange Commision

CSecurities and Exchange Tribunal

DNigeria Stock Exchange

View Explanation & Discuss

Question 1056

jamb 2007

A credit instrument which also serves as a legal tender is?

Acheque

Bpaper money

Cvoucher

Dmoney order

View Explanation & Discuss

Question 1057

jamb 2007

A new company requiring a large amount of equity finance may source funds from the?

Acapital market

Bcentral bank

Cmoney market

Dcommercial banks

View Explanation & Discuss

Question 1058

jamb 2007

The selling of new shares to existing shareholders is referred to as?

Apublic issue

Boffer for sale

Crights issue

Dbonus issue

View Explanation & Discuss

Question 1059

jamb 2007

The central bank controls the quantity of money in circulation through?

Aopen-market operations

Bdecreasing the tax rate

Cissuing new currencies

Dincreasing the tax rate

View Explanation & Discuss

Question 1060

jamb 2007

Which of the is a risk-free security?

APreference share

BOrdinary share

CTreasury bill

DDebenture

View Explanation & Discuss

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