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.

50 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

50 questions
Question 1 of 20 50 total questions
Question 11
jamb 2009

The circulating capital of a business enterprise is classified into?

Acash, work-in-progress and debtors
Bcash,vehicles, land and buildings
Cdebtors , stock of raw materials and fittings
Dpre-payments, debtors and equipment
View Explanation & Discuss
Question 12
jamb 2009

The financial instrument that entitles the holder to receive dividend and capital gains is a?

Ashare
Bbond
Cbill of exchange
Dtreasury bill
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Question 13
jamb 2009
The type of partnership in which all partners are jointly liable in bearing risk is?
Alimited partnership
Bpartnership-at-will
Cordinary partnership
Dindustral partnership
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Question 14
jamb 2009
Partnerships are most effective where?
Athe partners are family friends
Bprofessionals are involved
Cmembers can easily raise enough capital
Dgovernment regulations are favorable
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Question 15
jamb 2009
In a public limited liability company, planning is carried out by?
Athe chairman of the board
Bthe board of directors
Cshareholders
Demployees
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Question 16
jamb 2009

One of the major problems of a sole proprietor is sourcing for?

Araw materials
Blabour
Cmachineries
Dfunds
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Question 17
jamb 2009

Warehousing is important to manufacturers because it helps to?

Aimprove the quality of goods
Bproduce goods in advance
Cmeet the demand of customers
Ddetermine input rquirements
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Question 18
jamb 2009

One major advantage of transportation to a business is to?

Aextend the firm's market coverage
Bensure that goods are produced faster
Cprocure raw materials cheaply
Densure the quality of products
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Question 19
jamb 2009

The most important reason for the existence of insurance business is to?

Aprevent the occurrence of any loss
Bspread losses to all covered participants
Cprovide for the replacement of facilities
Dencourage individuals to save
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Question 20
jamb 2009

A risk that can be estimated and calculated to be compensation is?

Aa delivery risk
Ban insurable risk
Ca credit risk
Da systematic risk
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Question 21
jamb 2009

The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?

Acontribution
Bsubrogation
Cpromiate cause
Dutmost good faith
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Question 22
jamb 2009

The transmission of telephone services from one country to another is facilitated by?

Acommunication satelite
Binternational facility
Cinterconnectivity
Dinternet services
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Question 23
jamb 2009

In which of the following will the numbers of words used determine the cost of the message sent?

ATelephone
BTelegram
CE-mail
DTelex
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Question 24
jamb 2009

The central bank differs from commercial banks because it?

Arenders service to customers
Bcarries out foreign exchange transactions
Cissues currencies
Ddiscount bills
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Question 25
jamb 2009

One of the facilities enjoyed by a current account holder is?

Aa dividend
Ba bonus
Can overdraft
Dinterest on deposits
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Question 26
jamb 2009

A collective term for advertising, personal selling and publicity is?

Aexhibition
Bpromotion
Ctrade fair
Dmerchandizing
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Question 27
jamb 2009

Billboards and posters are forms of?

Aelectronic media
Bprint media
Coutdoor media
Dwindow display media
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Question 28
jamb 2009

A cheque which a bank draws on its own funds is a?

Abankdraft
Bcashier's cheque
Cbank cheque
Dcrossed cheque
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Question 29
jamb 2009

If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?

AN56 250
BN43 750
CN43 250
DN6250
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Question 30
jamb 2009

The term free on board means that the price includes?

Acosts and insurance only
Bcosts and freight only
Cfreight and insurance only
Dcosts, insurance and freight
View Explanation & Discuss
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