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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

Question 1 of 20 4,313 total questions

Question 1491

jamb 2001

Which of these companies are more engaged in public activities?

Ai and ii

Bi and iii

Cii and iv

Diii and iv

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Question 1492

jamb 2001

The most effective type of advertising for branded product is?

Adirect advertising

BIndirect advertising

Cinformative advertising

Dcompetitive advertising

View Explanation & Discuss

Question 1493

jamb 2001

The activities aimed at finding out customers' needs and satisfaction can be described as?

Asocial-marketing

Bmacro-marketing

Cmicro-marketing

Dconceptual marketing

View Explanation & Discuss

Question 1494

jamb 2001

One of the main objectives of the Second-tier Securities Market in Nigeria is to

Aachieved a realistic exchange rate for the naira

Beliminate currency dealings in the black market

Cassist companies to raise capital

Dattract investment flow

View Explanation & Discuss

Question 1495

jamb 2001

The main factors that determine the value of a stock on the stock Exchange are dividend and

Athe psychology of the market

Bcapital gain

Ccapital appreciation

Dwarrant payment

View Explanation & Discuss

Question 1496

jamb 2001

The Nigerian Stock Exchange publishes a daily official list that gives full information on the?

Amethod of transation agreed to by members

Bnumber of participating members in a day

Cchanges in the prices and earnings of securities

Dchanges in the official rules set by the market

View Explanation & Discuss

Question 1497

jamb 2001

One major characteristic of credit unions and thrift societies is that?

Athe legal processes involved in their formation are rigid

Bmembership is compulsory to people in the same line of business

Cthe contribution of every member depends on the member's ability

Da minimum of ten people in the same line of business can form the union

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Question 1498

jamb 2001

The significance of money to modern economic system is that it?

Ais used as a means of payment

Bpromotes specialization and exchange

Cmeasures value and promotes exchange

Dcauses inflation in the economy

View Explanation & Discuss

Question 1499

jamb 2001

The temporary working area of the central processing unit is called the?

AC-D ROM

BC-D RAM

CROM

DRAM

View Explanation & Discuss

Question 1500

jamb 2001

Which of the following best describes the classification of computer?

AMini-computer, speed and size

BMicro-computer, cost and abilities

CMini-computer, Micro-computer and work station

DMini-computer , hybrid and digital

View Explanation & Discuss

Question 1501

jamb 2001

A documentary bill will normally be accompanied by

A. sales invoice, bill of lading and insurance certificate

Bclean bill, bill of lading, and insurance certificate

Cbill of lading, consular invoice, and insurance certificate

Dconsular invoice, FOB certificate and bill of lading

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Question 1502

jamb 2001

The major difference between insurance and assurance is that while insurance

Atakes care of uncertainty, assurance takes care of risks

Btakes care of risks , assurance takes care of uncertainty

Chinges on probabilities, assurance is based on possibilities

Dis about indemnity, assurance is about life in the future

View Explanation & Discuss

Question 1503

jamb 2001

Pooling of risk in insurance means that?

Acompensations are paid out of a common fund

Btwo people can pool their risks to be insured

Ctwo insurance companies can buy two policies

Dinsurance companies should encourage taking risks.

View Explanation & Discuss

Question 1504

jamb 2001

A factor necessary for siting a warehouse is nearness to

Araw materials

Blabour

Ccapital

Dconsumers

View Explanation & Discuss

Question 1505

jamb 2001

Warehousing is a productive function because it increase the

Aquantity of goods

Butility of goods

Cquality of goods

Dprice of goods

View Explanation & Discuss

Question 1506

jamb 2001

Bank Giro is a method of settling debt from a

Acustomer to a bank

Bbank to customer

Ccustomer to another

Dbank to another

View Explanation & Discuss

Question 1507

jamb 2001

If Mr. Bacus fulfills his promise, he will be entitled to a cash discount of?

AN2,760

BN3,000

C6,500

D9,500

View Explanation & Discuss

Question 1508

jamb 2001

The trade discount receivable by Mr Bacus is

AN4,500

BN7,500

CN10,500

DN12,000

View Explanation & Discuss

Question 1509

jamb 2001

The major procedures in the purchase and sale of goods are enquiry

Aquotation, order and invoice

Bplacement, order and invoice

Cbargin, order and invoice

Dorder, sale, and invoice

View Explanation & Discuss

Question 1510

jamb 2001

The balance of payments of countries is

Aa record of imports and export

Ba systematic record of transaction among countries at a given time

Cthe current and the capital accounts and their payments

Dthe trade relationships and payment among nations

View Explanation & Discuss

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