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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 11
jamb 2025

Labour and entrepreneur are examples of

 

 

 

Aprimary production
Bdirect services
Cfactors of production
Ddivision of labour
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Question 12
jamb 2025

Use the information below to answer questions below

 

                   #

Sales

50,000.00

Debtors

10,000.00

Cash in hand

5,000.00

Opening stock

30,000.00

Creditors

8,000.00

Purchases

16,000.00

Overdraft

12,000.00

Closing stock

10,000.00

Calculate the working capital

A#35,000.00
B#14,000.00
C#5,000.00
D#20,000.00
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Question 13
jamb 2025

Which of the following is not a principle of insurance?

AInsurable risk
BInsurable interest
CIndemnity
DSubrogation
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Question 14
jamb 2025

Commercial activities among West African countries are greatly hindered by

 

Anationalization decree
Bgood road network
Clack of an acceptable medium of exchange
Dtoo many commercial banks
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Question 15
jamb 2025

The process of placing the right people in the right position is an organization is

 

Adirecting
Bmotivating
Cplanning
Dstaffing
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Question 16
jamb 2025

A disadvantage of commercialization to consumers is that

 

Acustomers do not have value for their money
Bit reduces loyalty of workers
Cit promotes inefficiency
Dprices of products increase
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Question 17
jamb 2025

Which of the following legislation aims primarily at protection of consumers?

 

ATrade Description Act
BPartnership Act
CLaw of Contract
DCompany's Act
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Question 18
jamb 2025

Mr ojo borrowed N54,000 from a commercial bank and deposited his life insurance certificate with the bank. The certificate
deposited serves as

 

Aa current asset
Ba collateral security
Can interest charged
Da loan repayment
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Question 19
jamb 2025

A company which acquires more than 50% voting shares of another company is called?

 

Aa consortium
Ba cartel
Ca holding company
Da trust
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Question 20
jamb 2025

The selling of articles from place to place on foot is

 

Abarter
Bitinerant trading
Cmail order
Dself service
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Question 21
jamb 2025

The process of making goods attractive and easy to handle is 

 

Alabelling
Bbranding
Cpackaging
Dmerchandising
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Question 22
jamb 2025

All activities involved in the distribution and exchange of goods and services are referred to as

 

Amarket survey
Badvertising
Ctrade
Dcommerce
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Question 23
jamb 2025

The transfer of risks already undertaken from one insurance company to another is?

 

ARe-insurance
BUnder insurance
COver-insurance
DGroup insurance
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Question 24
jamb 2025

Which of the following carries specialized goods?

 

AFerry
BLiner
CTanker
DTramp
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Question 25
jamb 2025

Encouraging a high quality of member's products through the circulation of research information is a function of

 

AConsumers' Association
BManufacturers Association
CEmployers' Association
DTrade Union
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Question 26
jamb 2025

An insurance policy that covers the body of the ship only is called

 

AVoyage insurance
BHaulage insurance
CHull insurance
DCargo insurance
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Question 27
jamb 2025

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

 

AThe Nigerian Industrial Development Bank
BThe Central Bank of Nigeria
CThe Nigerian Bank for Commerce and Industry
DThe Federal Mortgage Bank of Nigeria
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Question 28
jamb 2025

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock D3,000. The average
stock is

 

AD3,000
BD2,500
CD5,000
DD2,000
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Question 29
jamb 2025

The charge paid to a ship owner for the unused part of a ship is known as

 

Apenalty
Bdead freight
Cdock dues
Ddemurrage
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Question 30
jamb 2025

A worker who processes garri is engaged in

 

Aexchange
Bextracting
Cconstructing
Dmanufacturing
View Explanation & Discuss
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