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 1541
waec 2000
Which of these is not a basic marketing function?
AExchange
BProduction
CFacilitation
DInformation
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Question 1542
waec 2000
The marketing activity that stimulate immediate demand for a product is?
Asales promotion
Bpubilicity
Cconsumer relations
Dpersonnel selling
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Question 1543
waec 2000
Which of the following is used for moving only goods from one sea port to another?
AOcean liner
BCargo liner
CFerry
DCoaster
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Question 1544
waec 2000
Rail transport is less flexible than road transport because?
Arail lines run between specific terminals
Btrain is slow over long distances
Conly bulky goods are carried by rails
Droad transport is suitable for short distands
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Question 1545
waec 2000
The information on terms of carriage of mails is mails is found in?
ABusiness journal
Bpost office gulde
Ctrade directory
Dservice manual
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Question 1546
waec 2000
The method of sending message by the teleprinter?
Atelephone
Bcable gram
Ctelex
Drailex
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Question 1547
waec 2000
In a public Limited Liability Companies, equities are referred to as?
Apreference shares
Bauthorized capital
Cordinary shares
Dcalled-up capital
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Question 1548
waec 2000
In a public Limited Liability Companies, equities are referred to as?
Apreference shares
Bauthorized capital
Cordinary shares
Dcalled-up capital
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Question 1549
waec 2000
When an insurance company indemnifies the insured and takes over his rights, this is known as?
Aabandonment
Bsubrogation
Cproximate cause
Dcontribution
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Question 1550
waec 2000
When an insurance company indemnifies the insured and takes over his rights, this is known as?
Aabandonment
Bsubrogation
Cproximate cause
Dcontribution
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Question 1551
waec 2000
A retirement insurance policy which enables the assured to receive income for a specific period is?
Aannuity
Bendowment
Cwhole life
Dfidelity guarantee
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Question 1552
waec 2000
Which of the following services is not rendered by commercial banks?
ABusiness advice
BCurrency notes issue
CAccepting deposits
DCredit transfer
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Question 1553
waec 2000
Which of the following encourages people to save towards owning a house?
AMerchant bank
BDevelopment bank
CMortgage bank
DCommercial bank
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Question 1554
waec 2000
Which of the following is a means of payments through the post office?
AStanding Order
BPromissory note
CMoney order
DTelegraphic transfer
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Question 1555
waec 2000

When a customer writes a cheque in his name and withdraws cash with it from his account he is both the?

Adrawee and the payee
Bdrawer and the payee
Cdrawee and the drawer
Ddrawer and the payee
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Question 1556
waec 2000
Which of the following is not a financial institution?
ACommodity Board
BInsurnace company
CClearing house
Dstock exchange
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Question 1557
waec 2000
A bill of exchanged on maturity is allowed?
Aseven days of grace
Bfive days of grace
Cfour days of grace
Dthree days of grace
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Question 1558
waec 2000
Which of the following is not a means of payment in foreign trade?
ATelegraphic money order
BSpecially crossed cheque
CLetters of credit
DDebit transfer
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Question 1559
waec 2000
Which of the following refers to a price reduction based on the size of order?
ACash account
BTrader discount
CSeasonal discount
DCash on discount
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Question 1560
waec 2000
The abbreviation phrase E & OE is usually printed on?
Aan invoice
Ba cheque
Ca delivery note
Da debit note
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