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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.

49 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

49 questions

Question 1 of 20 49 total questions

Question 11

jamb 2006

A protection right which can be reviewed or renewed after seven years is known as?

Apatent

Bdesign

Cregistration name

Dtrade mark

View Explanation & Discuss

Question 12

jamb 2006

A feature common to privatization and commercialization is?

Aprofit-making

Bcredit sales

Cmarket expansion

Dprice increases

View Explanation & Discuss

Question 13

jamb 2006

The safety and quality of products are the social responsibility of?

Athe Standards Organization of Nigeria

Bthe Manufacturers' Association of Nigeria

Cthe Corporate Affairs Commission

Dbusiness organizations

View Explanation & Discuss

Question 14

jamb 2006

A liquidator's fee is to be charged to the?

Arealization account

Btrading account

Crevaluation account

Dreconstruction account

View Explanation & Discuss

Question 15

jamb 2006

Materials used for further production of goods and services are known as?

Aexport goods

Bintermediate goods

Ccapital goods

Dconsumer goods

View Explanation & Discuss

Question 16

jamb 2006

The difference between a private and public limited liability company is that the former?

Ais unable to offer shares to the public

Bis unable to declare and pay dividend

Chas a higher number of shareholders

Dpays higher salaries to its managers

View Explanation & Discuss

Question 17

jamb 2006

The development of commerce resulted from?

Atrading

Bcompetition

Cimportation

Dspecialization

View Explanation & Discuss

Question 18

jamb 2006

i. Wholesaler
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?

Aiii, ii, i and iv

Biii, i, iv and ii

Ci, ii, iii and iv

Dii, iii, i and iv

View Explanation & Discuss

Question 19

jamb 2006

Capital to a business is technically?

Aan expense

Bavailiability of local market

Can assets

Da porfit

View Explanation & Discuss

Question 20

jamb 2006

The factor which critically determines the choice of occupation is?

Atraining

Bskill

Cinterest

Dapititude

View Explanation & Discuss

Question 21

jamb 2006

The conversion of raw materials into finished products creates?

Aform utility

Bmarginal utility

Cplace utility

Dtime utility

View Explanation & Discuss

Question 22

jamb 2006

A current account is beneficial to its holder as?

Acheques can be issued to anybody

Bcustomers cannot withdraw frequently

Cit is only the holder that can make withdrawals

Dit allows customers the use of passbooks

View Explanation & Discuss

Question 23

jamb 2006

A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a?

Asubsidiary company

Bholding company

Ctrusth

Dcartel

View Explanation & Discuss

Question 24

jamb 2006

Trading on the stock exchange in anticipation of price change in the market value of shares is?

Aspeculation

Bforecasting

Cexpectation

Dprojection

View Explanation & Discuss

Question 25

jamb 2006

Which of the following is a development bank in Nigeria?

AUnion Bank Plc

BFirst Bank Plc

CFirst City Monument Bank

DFederal Mortgage Bank

View Explanation & Discuss

Question 26

jamb 2006

The main requirement for admission to the second-tier securities markets is the?

Aprovision of a three-year trading record

Bdisclosure of all trading activities

Ccreation of a good atmosphere for growth and development

Dguranteeing dividends to shareholders

View Explanation & Discuss

Question 27

jamb 2006

A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.

If the shares were fully subscribed, calculate the issued capital?

AN4 000 000

BN2 000 000

CN1 000 000

D500 000

View Explanation & Discuss

Question 28

jamb 2006

A bond which attracts only interest but leaves the capital unpaid is referred to as?

Aa long-term loan

Ba develoment bond

Ca redeemable bond

Dan irredeemable bond

View Explanation & Discuss

Question 29

jamb 2006

A seller attracts and retains patronage by?

Aenhancing public relationship

Benhance sales promotion

Crendering pre-sales services

Drendering customer service

View Explanation & Discuss

Question 30

jamb 2006

The limit of functions, activities and personnel that a supervisor can effectively manage in a business organization is?

Aspan of control

Bdelegation of authority

Cchain of command

Dauthority and rsesponsibility

View Explanation & Discuss

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