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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 1571

jamb 2000

The major condition for obtaining loan in thrift, credit and loans cooperative societies is

Aprovision of collateral security

Ba high level of education

Cpossesssion of a large business

Dan approved project plan

View Explanation & Discuss

Question 1572

jamb 2000

A form of money that has gone out of use is?

Apaper money

Bbank money

Ccommodity money

Dforeign money

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Question 1573

jamb 2000

A console is a device used in

Amoving an indicator on the screen

Bcommunicating between operator and programmer

Cholding magnetic tape reel

Dforming characters by heating sensitive ribbon

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Question 1574

jamb 2000

A printer that burns the print image onto the photosensitive drum is called

Adot matrix printer

Bdaisy wheel printer

Claser printer

Dthermal printer

View Explanation & Discuss

Question 1575

jamb 2000

The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as?

Adigital computer

Banalogue computer

Cmainframe computer

Dhybrid computer

View Explanation & Discuss

Question 1576

jamb 2000

A bank form used to transfer money from personal to creditor's account is called?

Adebits transfer form

Bcredit transfer form

Ccustomers transfer form

Dbanks transfer form

View Explanation & Discuss

Question 1577

jamb 2000

The Central Bank differs from commercial banks because it?

Arenders service to customers

Bcarries out foreign exchange transactions

Cissues currencies

Ddiscounts bills

View Explanation & Discuss

Question 1578

jamb 2000

Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company?

AN320

BN420

CN460

DN560

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Question 1579

jamb 2000

The insurance principle that requires full disclosure of information on the insured is known as

Aindemnity

Buberrimae fidei

Csubrogation

Dcaveat emptor

View Explanation & Discuss

Question 1580

jamb 2000

Tourists with no fixed address in a town may receive their letters from the post office through a

Arecorded delivery

Bposte restante

Cparcel post

Dpostmaster

View Explanation & Discuss

Question 1581

jamb 2000

Ocean liners are subdivided into

Apassenger liner and cargo liners

Bcoastel liners and cargo liners

Ccargo liners and tramp liners

Dpassenger liners and tramp liners

View Explanation & Discuss

Question 1582

jamb 2000

An invoice can be described as a

Acontractual agreement for the sale of goods

Bdocument specifying quantity, description, prices and total value of purchase

Creceipt containing necessary information about the goods

Dletter specifying the contractual sales of goods between two parties

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Question 1583

jamb 2000

The function of a merchant wholesaler is to

Abuy in bulk, store and sell to retailerss as desired

Bposses title to the goods, store and sale to retailers

Cbring buyers and sellers together

Dfind markets for producers' finished goods

View Explanation & Discuss

Question 1584

jamb 2000

The current trend in retailing competition in Nigeria are?

Aadvertising and sales promotion strategies

Bbranding, enterprising and diffrentiation of goods and services

Cself-service, after-sales service and services and branding strategies

Dafter-sales services and sales promotion strategies

View Explanation & Discuss

Question 1585

jamb 2000

The main factors militating against the rapid growth of trade in Nigeria are?

Ainadequate transportation network and huge capital outlay

Black of motivation and government attitude towards trade

Clacks of good transportation network and insecurity of investment

Dhuge capital outlay and government attitude to trade

View Explanation & Discuss

Question 1586

jamb 2000

The share capital value that forms part of the balance sheet total is the

Apaid-up share capital

Bcalled-up share capital

Cauthorized share capital

Dissued share capital

View Explanation & Discuss

Question 1587

jamb 2000

Determined the circulating capital?

AN250,000

BN245,000

CN235,000

DN225,000

View Explanation & Discuss

Question 1588

jamb 2000

Use the information below to answer question

What is the total fixed capital?

AN 570,000

BN 570,000

CN 575,000

DN 675,000

View Explanation & Discuss

Question 1589

jamb 2000

Bank overdraft as a short term source of fund is

Aan overdrawn account

Bgranted to a newly opened account

Crepayable after more than a year

Da current liability

View Explanation & Discuss

Question 1590

jamb 2000

On liquidation of a public limited liability company, the residual owners are the

Acreditors

Bordinary shareholders

Cpreference shareholders

Ddebenture holders

View Explanation & Discuss

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