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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 141
waec 2020

The part of issued share capital that the company has asked the subscribers to pay for is?

Aauthorized capital
Bcalled-up capital
Cnominal capital
Dpaid-up capital
View Explanation & Discuss
Question 142
waec 2020

When the cost of sales is divided by the average stock, the result is?

Agross profit
Bnet profit
Crate of turnover
Dworking capital
View Explanation & Discuss
Question 143
waec 2020

Examples of currents assets are?

Acash and trade debtors
Bcash and trade creditors
Ctrade debtors, trade creditors and cash
Dtrade creditors and trade debtors
View Explanation & Discuss
Question 144
waec 2020

The issue of prospectus by a company is an invitation to members of the public to?

Asubscribe to the company`s shares
Bbuy the company`s product
Cattend the company`s boards meeting
D
View Explanation & Discuss
Question 145
waec 2020

An association formed by computer distributors to safeguard and promote their interest is a? 

Achamber of commerce
Bcooperative society
Ctrade association
Dtrade union
View Explanation & Discuss
Question 146
waec 2020

Which of the following is not a function of a consumer association?

Aensuring that consumers buy quality goods
Beducating consumers on their rights
Cpenalizing importers of fake goods
Densuring that fair prices are charged
View Explanation & Discuss
Question 147
waec 2020

The document issued to a public company allowing it to commence business is the?

AArticle of association
Bcertificate of incorporation
Cmemorandum of association
Dcertificate of trading
View Explanation & Discuss
Question 148
waec 2020

A business unit in which savings of members are lent to others is a?

Aconsumer cooperative society
Bproducer cooperative society
Ccredit and thrift society
Dwholesale cooperative society
View Explanation & Discuss
Question 149
waec 2020

One advantage of sole proprietorship is that?

Aaccess to large capital is easy
Bdecisions are made promptly
Cbusiness risks are spread
Dcontinuity of business is assured
View Explanation & Discuss
Question 150
waec 2020

A partner whose name is used to boost the image of the business and does not contribute capital is a?

Adormant partner
Bgeneral partner
Climited partner
Dnominal partner
View Explanation & Discuss
Question 151
waec 2020

production is complete when product reach the?

Awarehouses
Busers
Cretailers
Dshops
View Explanation & Discuss
Question 152
waec 2020

The factor of production which bear all the risk of the business is?

Acapital
Bentrepreneurship
Clabour
Dland
View Explanation & Discuss
Question 153
waec 2020

Which of the following activities is not an example of the extractive industry?

Aweaving
Bquarrying
Chunting
Dfishing
View Explanation & Discuss
Question 154
waec 2020

A form of money which was not used in the early days to trade is?

Atobacco
Bmetal bars
Ccowries
Dcoins
View Explanation & Discuss
Question 155
waec 2020

The types of occupation that a broker belongs to is?

Acommercial
Bconstruction
Cextraction
Dmanufacturing
View Explanation & Discuss
Question 156
waec 2020

Commerce is defined as

Abuying and selling of goods and services only
Ball activities in the distribution and exchange of goods and services
Call activities involved in the production of goods and services
Dtransporting and warehousing of goods only
View Explanation & Discuss
Question 157
waec 2019

An instruction to a bank to make regular payment to a third party on behalf of a customer is 

Astanding order
Bmoney order
Cmoney transfer
Dcredit transfer
View Explanation & Discuss
Question 158
waec 2019

The difference between commercialization and privatization is that commercialized businesses

Aare government-owned while privatized businesses are owned by individuals
Bare non-profit making ventures while privatized businesses are profit oriented
Ccan sell shares while privatized businesses cannot
Demploys more workers than privatized businesses
View Explanation & Discuss
Question 159
waec 2019

The combination of business activities of Abbas Ltd and Denko Ltd to form one large company is 

Aan amalgamation
Ba consortium
Can acquisition
Da cartel
View Explanation & Discuss
Question 160
waec 2019

A customer who wishes to withdraw an amount greater than the balance in his current account would apply for?

Aa standing order
Ban overdraft
Ca loan
Da credit transfer
View Explanation & Discuss
Question Navigator
Current
MathsFaculty