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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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 1051
jamb 2007

The difference between the buying and selling price of shares is known as?

Abrokerage
Bmargin
Cjobber's turn
Dgross profit
View Explanation & Discuss
Question 1052
jamb 2007

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?

Aunit of account
Bmeasure of value
Cstore of value
Dmedium of exchange
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Question 1053
jamb 2007
A major benefit a debtor can derive from using a credit facility is?
Abetter service
Bgoodwill
Cconvenience
Dcontrol
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Question 1054
jamb 2007
The sale of of foreign investment and gold reserves can be used to?
Acorrect adverse balance of trade
Bincrease invisible imports
Ccorrect adverse balance of payment
Dcorrect a budget deficit
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Question 1055
jamb 2007

The abbreviation C and F indicate that the?

Aproduction cost excludes the cost of carriage
Bselling price includes the cost of carriage
Ccost of production includes dilivery charges
Dcost price includes the cost of carriage
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Question 1056
jamb 2007

A share premium is an example of?

Aissued capital
Bcapital stock
Cequity capital
Dcapital reserve
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Question 1057
jamb 2007

The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

Asubscriptions
Btotal savings
Cvolume of purchase
Dcontributions
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Question 1058
jamb 2007

Which of the following requires payment into the payee's account?

ACrossed cheque
BTraveller's cheque
COpen cheque
DCertified chegues
View Explanation & Discuss
Question 1059
jamb 2007

A major setback of international trade is?

Ainadequate exports
Beconomic sanctions
Cdevaluation of currency
Dexchange rate appreciation
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Question 1060
jamb 2007

The major function of a trade association is that it?

Aliases with foreign trade associations
Bhelps to promotes foreign trade
Cfacilitates members' access to credit facilities
Dhelps to promote research on behalf of members
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Question 1061
jamb 2007

A written agreement for hiring a ship for transporting goods is a?

Aconsular invoice
Bbill of lading
Ccharter party
Dcertificate of origin
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Question 1062
jamb 2007

The internet is a system of telecommunications used for?

Acommunicating long-distance messages
Bsending and recieving text massages
Csending electronic messages
Dcommunicating messages through telegrams
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Question 1063
jamb 2007

The major determinant of fire insurance premium is the?

Atype and structure of the property to be insured
Busefulness of the property to the owner
Cowner of the property to be insured
Dextent of fire damage anticipated
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Question 1064
jamb 2007

In the permanent storage device, DASD means?

AData Access Storage Device
BData Access Systems Device
CDirect Access Systems Device
DDirect Access Storage Device
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Question 1065
jamb 2007

A distinctive advantage of GSM is its?

Amobility
Bcost
Cstability
Dcoverage
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Question 1066
jamb 2007

Digital computer is divided into?

Aanalogue, hybrid and mini
Bsuper, maniframe, mini and micro
Cmainframe, hybrid and micro
Dsuper, mainframe, micro and analogue
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Question 1067
jamb 2007

The World Tourism Organization has its headquarters in?

ANew York
BParis
CMadrid
DLondon
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Question 1068
jamb 2007

One of the functions of the Nigeria Ports Authority is the provision of?

Afacilities to enhance the speedy loading and offloading of cargoes
Bfacilities to ensure that goods get to their destinations
Cshelter for operators of cargoes
Dcourier services to ensure speedy delivery
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Question 1069
jamb 2007

An agreement by the insurer to compensate the insured for losses suffered is?

Apolicy
Bsurrender value
Ccaveat emptor
Dindemnity
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Question 1070
jamb 2007
The first stage in tourism planing is?
Aassessing feedback from tourists
Bpreparing a list of tourists
Ccreating recreational opportunities
Dbuilding community support
View Explanation & Discuss
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