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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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Past Questions

4,313 questions
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Question 1 of 20 4,313 total questions
Question 131
custom 2024
The person who buys goods from a seller is the
Awholesaler
Bagent
Cbroker
Dcustomer/buyer
Question 132
custom 2024
Which of these is a means of payment?
Amachine
Bcheque
Cland
Draw material
Question 133
waec 2023

In a contract of sale, the amount deposited with the seller for a particular product by a buyer is

Aconsideration
Bwarranty
Ccounter offer
Dacceptance
View Explanation & Discuss
Question 134
waec 2023

One of the barriers to foreign trade is

Aimposition of embargo
Bremoval of tarrif
Ctrade liberalization
Dmemorandum of understanding
View Explanation & Discuss
Question 135
waec 2023

A duty of the principal to his agent is to

Astop the sale of good in transit
Bpay the agent for services rendered
Cdisclose confidential information
Drenegotiate agreements made by the agent
View Explanation & Discuss
Question 136
waec 2023

The bank that conducts research on an economy, thereby identifying obstacles to growth is the

Acommercial bank
Bmortgage bank
Cdevelopment bank
Dcentral bank
View Explanation & Discuss
Question 137
waec 2023

Use the diagram to answer the question



The instrument will not be valid on

ASeptember 25, 2023
BJuly 25, 2023
COctober 25, 2023
DJune 25, 2023
View Explanation & Discuss
Question 138
waec 2023

Use the diagram to answer the question


The two lines on the instrument shows that it is

Aaltered
Bcrossed
Ccancelled
Dpaid
View Explanation & Discuss
Question 139
waec 2023

Use the diagram to answer the question


The instrument in the diagram is a

Acheque
Bmoney order
Cdeposit slip
Dwarrant
View Explanation & Discuss
Question 140
waec 2023

The management function that is concerned with coordinating business resources efficiently is

Aorganizing
Bcontrolling
Cplanning
Dmotivation
View Explanation & Discuss
Question 141
waec 2023

An advantage of advertising is that

Aprices of products are reduced
Bawareness is created on the existence of products
Cquality of products is improved
Ddistribution channels for products are improved
View Explanation & Discuss
Question 142
waec 2023

The department that ensures that products are made available to consumers is

Apurchases
Bfinance
Cmarketing
Dproduction
View Explanation & Discuss
Question 143
waec 2023

A source of capital to a cooperative society is

Acontribution
Bdebenture
Cretained profit
Dordinary share
View Explanation & Discuss
Question 144
waec 2023

The rate at which a country's export exchange for its imports is

Aterms of payment
Bterms of trade
Cbalance of payment
Dbalance of trade
View Explanation & Discuss
Question 145
waec 2023

An organizational chart is used to

Adetermine the departmental objectives and targets
Bshow the hierarchy of staff
Cmeasure variation on staff performance
D
View Explanation & Discuss
Question 146
waec 2023

The arrangement for the conveyance of goods abroad is performed by the

Acustoms and excise authority
Bports authority
Cclearing and forwarding agents
Dchamber of commerce
View Explanation & Discuss
Question 147
waec 2023

The business in which sale of goods involves use of vehicles is a

Amobile shop
Bchain store
Cshopping mail
Dtied shop
View Explanation & Discuss
Question 148
waec 2023

Which of the following is not a form of sales promotion?

ACash on delivery
BCash on delivery
CFree samples
DBuy one get one free
View Explanation & Discuss
Question 149
waec 2023

Which of the following modes of transport could be used to convey both liquid and gas?

AAeroplane
BTanker
CTramp
DFerry
View Explanation & Discuss
Question 150
waec 2023

An advantage of road transport over other means of transport is that

Apacking and loading is easy as activities are handled by experts
Bcanteen services are provided during the course of transportation
Cspecific vehicles could be used to carry certain loads
Dterminal handling is eliminated by door-to-door delivery
View Explanation & Discuss
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