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.
Transport, retailing and wholesaling industries rely heavily on
Abanking
Binsurance
Cmanufacturing
Drailway
View Explanation & Discuss
Question 1783
jamb1997
A royal charter was granted to the Royal Niger Company to do business in Nigeria in
ADecember 1888
BMay 1887
CJuly 1886
DAugust 1885
View Explanation & Discuss
Question 1784
jamb1997
Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking
AI and II
BI and III
CI, II and IV
DII, III and IV
View Explanation & Discuss
Question 1785
waec1996
Which of the following are functions of marketing?
ABuying, fnancing, selling and transporting
BSorting, grading, managing and storage
CRisk-bearing, storage, production and promotion
DOrganizing, risk-bearing, transporting and storage
EProduction, promotion, distribution and pricing
View Explanation & Discuss
Question 1786
waec1996
Dumping means selling goods abroad
Aat a lower price than in the home market
Bat a higher price than in the home market
Cat the same price as in the home market
Don credit in the foreign market
Efor ready cash in the foreign market
View Explanation & Discuss
Question 1787
waec1996
An agent who guarantees payments for goods sold is
Aa factor
Ba del credere agent
Ca broker
Da partner
Ean aunctioneer
View Explanation & Discuss
Question 1788
waec1996
The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?
A#675.00
B#425.00
C#250.00
D#175.00
E#75.00
View Explanation & Discuss
Question 1789
waec1996
A foreign order which instructs an agent to buy certain goods at a particular place called
Aletter of credit
Bletter of attorney
Copen indent
Dclosed indent
Ebill of laden
View Explanation & Discuss
Question 1790
waec1996
A group of people in the same line of business who come together for the interest of its members is called
AChamber of Commerce
Btrade association
Ctrade union
Dconsortium
Ecartel
View Explanation & Discuss
Question 1791
waec1996
One of the demerits of sole trading is
Aquick decision taking
Bflexibility in operation
Cunlimited liability
Dpride of ownership
Eease of commencement
View Explanation & Discuss
Question 1792
waec1996
An insurance policy which benefits one's family only is in the event of one's death is known as
Aa comprehensive insurance
Ba whole-life insurance
Can endowment policy
Dan annuity
Ea third party insurance
View Explanation & Discuss
Question 1793
waec1996
Which of the following will enable customs officers to correctly assess import duties on goods?
APro-forma invoice
BBill of exchange
CDocumentary credit
DConsular invoice
EBill of laden
View Explanation & Discuss
Question 1794
waec1996
Which of the following ensures that the quality of a product is maintained?
APrice Control Board
BChamber of Commerce
CFood and Drugs Act
DStandards Organisation of Nigeria
EManufactures Association of Nigeria
View Explanation & Discuss
Question 1795
waec1996
Which of the following clearly defines business?
AThe process of planning, coordinating, organising and controlling
BThe act of achieving goals with the help of others
CThe act of buying and selling
DSole proprietorship, Partnership and Public Limited Companies
EAny productive activity undertaken for profit motive
View Explanation & Discuss
Question 1796
waec1996
A group of public limited companies that commonly own a joint venture is known as
Aholding company
Bconsortium
Ccartel
Dtrust
Emerger
View Explanation & Discuss
Question 1797
waec1996
One of the features of a supermarket is
Ahaving similar shop fronts
Bhaving many shops under one root
Cselling common household goods
Dhaving central control from headquarters
Eselling without shops
View Explanation & Discuss
Question 1798
waec1996
The allowance given to a retailer to enable him make a profit is known as
Ainterest
Bcommission
Ctrade discount
Dcash discount
Edividend
View Explanation & Discuss
Question 1799
waec1996
Which of the following is the main tool of mass selling
Apublic relations
Bpersonal selling
CConsumer research
DCustomer orientation
EAdvertising
View Explanation & Discuss
Question 1800
waec1996
The face to face contact between sellers and buyers with the aim of selling a product is known as
