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
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 161
waec 2019

The charge paid by a speculator for non-settlement of his account within the specified period is

Abackwardation
Bbrokerage
Ccommission
Dcontango
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Question 162
waec 2019

The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is 

Acontribution
Binsurance interest
Cproximate cause
Dsubrogation
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Question 163
waec 2019

A proportion of the total deposit that a commercial bank must keep as cash and convertible paper is 

Aspecial deposit
Bliquidity ratio
Cinterest rate
Dbank rate
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Question 164
waec 2019

An international trade practice where goods are exchanged for other goods is 

Aentrepot trade
Bbilateral trade
Cbarter trade
Dcounter trade
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Question 165
waec 2019

Oki Williams is the

Apayee
Bendorser
Cdrawer
Ddrawee
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Question 166
waec 2019

XYZ Bank of commerce PLC is the

Apayee
Bendorser
Cdrawer
Ddrawee
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Question 167
waec 2019

The diagram above shows a

Astanding order
Breceipt
Ccheque
Dbill of exchange
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Question 168
waec 2019

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

Astanding order
Bmoney order
Cmoney transfer
Dcredit transfer
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Question 169
waec 2019

A risk whose probability of occurrence is impossible to estimate is

Auninsurable risk
Bpure risk
Cparticular risk
Dinsurable risk
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Question 170
waec 2019

A firm which imports goods with the view of re-exporting them is engaged in

Abilateral trade
Bentrepot trade
Cmultilateral trade
Dcounter trade
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Question 171
waec 2019

Goods sold under a distinctive trademark are

Abranded goods
Bunsought goods
Cperishable goods
Dpublic goods
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Question 172
waec 2019

Cash in hand and at bank, plus debtors are components of

Aintangible assets
Bcurrent assets
Ccurrent liabilities
Ddepleting assets
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Question 173
waec 2019

Retail outlets which sell from vehicles are

Asupermarkets
Bmobile shops
Cdepartmental stores
Dchain stores
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Question 174
waec 2019

one of the aims of a trade association is to

Aliaise with other trade associations in other countries
Borganize trade fairs and exhibitions
Cprovide quality goods and services
Dpromote commercial activities in their business
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Question 175
waec 2019

The share capital of a company stated in the memorandum of association and approved by the registrar of companies is

Aworking capital
Bpaid-up capital
Cnominal capital
Dcalled-up capital
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Question 176
waec 2019

A group of companies formed to carry out an activity that is beyond the ability of any individual company is

Aa subsidiary
Ba merger
Ca consortium
Dan acquisition
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Question 177
waec 2019

A stock exchange broker is engaged in

Aconstruction occupation
Bcommercial occupation
Cextractive occupation
Dmanufacturing occupation
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Question 178
waec 2019

A means of payment through the post office is

Astanding order
Bmoney order
Cdebit order
Dcredit card
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Question 179
waec 2019

The factor of production that is fixed in nature is

Aland
Blabour
Centrepreneurship
Dcapital
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Question 180
waec 2019

Where there is no deed of partnership, members share profit on

Athe basis of participation
Bthe basis of shares held
Cpatronage basis
Dequal basis
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