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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 141
jamb 2022

The law by which a seller transfers the property in goods to a buyer at an agreed price is the

AWeights and Measure Act
BTrade Description Act
CSale of Goods Act
DFoods and Drugs Act
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Question 142
jamb 2022

Advertisement which is geared towards a particular audience is

Adirect advertising
Bindirect advertising
Cmass advertising
Dpersuasive advertising
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Question 143
jamb 2022

Which of the following is not a right of a consumer?

ARight to a fair hearing
BRight to buy on credit
CRight to obtain replacement
DRight to safe product
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Question 144
jamb 2022

An undertaking to repair a customer's vehicle for a certain period after it has been sold is

Aafter-sales service
Bmarketing mix
Cmarket segmentation
Dsales promotion
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Question 145
jamb 2022

The marketing concept emphasizes

Asales of goods directly to customers
Buse of promotional tools to stimulate sale
Cmass production of goods
Dconsumer's satisfaction at a profit
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Question 146
jamb 2022

Consumers could be encouraged to purchase a company's product through

Aresearch
Bplanning
Cdistribution
Dadvertisement
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Question 147
jamb 2022

The commission on a postal order is

Atariff
Bpoundage
Cbrokerage
Dfee
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Question 148
jamb 2022

An advantage of rail transport is that it

Ais less expensive to maintain
Bis not prone to delays
Ccarries bulky and heavy goods
Denhances door-to-door delivery
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Question 149
jamb 2022

Payment made to a carrier for transportation of goods is

Afreight
Bfee
Cfare
Dduty
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Question 150
jamb 2022

Sea vessels that do not operate on regular times and routes are

Atramps
Bocean liners
Ccontainer ships
Dferries
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Question 151
jamb 2022

When a share with a nominal value of #50 is quoted at #70, it is being sold

Acum div
Bex-div
Cat a discount
Dat a premium
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Question 152
jamb 2022

One of the functions of a trade association is to

Apay members salaries
Bpromote members' welfare
Cprovide loans to members
Dprovide employment for members
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Question 153
jamb 2022

A cheque is specially crossed if

Athe name of the account holder is written between two parallel lines drawn across it
Bit could be paid over the counter
Cthe name of the bank is written between two parallel lines drawn across it
Donly two parallel lines are drawn across it
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Question 154
jamb 2022

A document used to ensure correct payment of duty at the importing country is

Adocumentary credit
Bconsular invoice
Ccertificate of origin
Dbill of lading
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Question 155
jamb 2022

Central banks sell treasury bills to the public to

Aincrease cash in the banking system
Braise revenue for commerical banks
Craise revenue for private investors
Dreduce cash in circulation
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Question 156
jamb 2022

Which of the following is not a characteristic of a commercial bank?

AEstablished as limited liability company
BEstablished by individuals or organizations
CEstablished to issue bank notes
DEstablished with the view of making profit
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Question 157
jamb 2022

Dealers in stock exchange such as bulls, bears and stags are categorized as

Aactuaries
Bpromoters
Cspeculators
Dunderwriter
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Question 158
jamb 2022

The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is

Aindemnity
Bcontribution
Cproximate cause
Duberrimae fidei
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Question 159
jamb 2022

The incentive given to a buyer to encourage prompt payment is

Acash discount
Bseasonal discount
Cquantity discount
Dtrade discount
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Question 160
jamb 2022

A document that instructs an agent to buy goods from a named firm is

Aproforma invoice
Bconsular invoice
C
Dclosed indent
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