Classroom

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

Select subject

Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

4,313 questions

Question 1 of 20 4,313 total questions

Question 1751

waec 1997

The services rendered by Nigerian Airways to foreign companies are part of Nigeria's

Avisible exports

Bvisible imports

Cinvisible exports

Dinvisible imports

Eentreport trade

View Explanation & Discuss

Question 1752

waec 1997

Who among the following comes first in the channel of distribution?

AConsumer

BRetailer

CConsignor

DManufacturer

EWholesaler

View Explanation & Discuss

Question 1753

waec 1997

Who among the following is not an agent?

ABroker

BFactor

CJobber

DManufacturer's representative

EAunctioneer

View Explanation & Discuss

Question 1754

waec 1997

Division of labour often results in

Aa decrease in production

Ban increase in production

Cwaste of time

Duneconomic use of tools

Egreater craftsmanship

View Explanation & Discuss

Question 1755

waec 1997

The rebate given to the retailer by the wholesaler to enable him make profit is known as

Acommission

Bmark-up

Ctrade discount

Dcash discount

Ecredit guarantee

View Explanation & Discuss

Question 1756

waec 1997

Which of the following functions of the wholesaler helps to stabilize prices

AFinancing

BAdvice to retailers

CProvision of credit

DAdvertising

EWarehousing

View Explanation & Discuss

Question 1757

waec 1997

Which of the following is not a source of capital to a partnership?

ABuying on credit

BPloughed back profit

CBorrowing

DShares

EPersonal savings

View Explanation & Discuss

Question 1758

waec 1997

An overdraft can only be granted to the holder of a

Afixed deposit

Bsavings deposit

Cloan account

Dcurrent account

Edeposit account

View Explanation & Discuss

Question 1759

waec 1997

Commerce developed as a result of

Aspeculation

Bcompetition

Cspecialization

Dimportation

Eexportation

View Explanation & Discuss

Question 1760

waec 1997

Which of the following is the clearing house for all the banks in the country?

AThe Federal Mortgage Bank of Nigeria

BThe Nigerian Industrial Development Bank

CThe Central Bank of Nigeria

DThe Nigerian Bank for Commerce and Industry

EThe National Bank of Nigeria

View Explanation & Discuss

Question 1761

waec 1997

If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the

Adrawee

Bpayee

Cdrawer

Dacceptor

Ecreditor

View Explanation & Discuss

Question 1762

waec 1997

An association that mobilizes the savings of members and channels them to needy members is known as

AConsumer Co-operative

BProducer Co-operative

CThrift and Credit Co-operative

DMulti-purpose Co-operative

ETrade Union

View Explanation & Discuss

Question 1763

waec 1997

The fastest means of sending a printed message from Lagos to London is through

Aaeroplane

Btelephone

Ccablegram

Dtelex

Ecourier

View Explanation & Discuss

Question 1764

waec 1997

Extractive occupation is an example of

Aconstruction industry

Bmanufacturing industry

Ctertiary industry

Dprimary industry

Esecondary industry

View Explanation & Discuss

Question 1765

jamb 1997

Use the conversation below to answer the question below;

MUSA: Taiwo why are you in business?

TAIWO: To optimize profit, provide quality products, and discharge my social responsibilities. What of you, Okon and Kalu

OKON: I am in business to cater to the needs of the consumers at all costs.

KALU: I am in business to make a profit, provided quality products at reasonable prices, and establish a good reputation for myself.

The businessman with the best business objectives is ------------------------

AOkon

BTaiwo

CKalu

DMusa

View Explanation & Discuss

Question 1766

jamb 1997

Sudden technology changes can have the effect of making

Aa company's management style ineffective

Ba company's product obsolete

Cthe control menchanism difficult to implement

Dthe motivational factors in the company difficult to monitor

View Explanation & Discuss

Question 1767

jamb 1997

The existing system of government and the administrative sub-division of a country which affect the operation of business in the country is described as

Aeconomic environment

Blegal environment

Cpolictical environment

Dsocial environment

View Explanation & Discuss

Question 1768

jamb 1997

Social responsibility of business requires enterprises to

Ahold annual social parties for the public

Bdraw their workers only from the immediate environment

Caddress themselves to issues relating to the society

Dset up social welfare centers in their areas of operation

View Explanation & Discuss

Question 1769

jamb 1997

A key advantage of delegation is that

Aworkers are prepared for hgher responsibilites

Bthe manager has less work to do

Cthe manager spends less time on planning

Dthe organization grows larger in size

View Explanation & Discuss

Question 1770

jamb 1997

In a business organization, the annual operation plan or budget is a form of

Acasual plan

Bmedium-term plan

Clong-term plan

Dshort-term plan

View Explanation & Discuss

Question Navigator

Current

Commerce Past Questions

Take a test

Custom CBT

JAMB CBT Simulator

WAEC CBT Practice 2026 Simulator

NECO CBT Practice 2026 Simulator

Past Questions

Question Navigator

MathsFaculty