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 2010

One of the functions of NACCIMA is?

Anegotiating with labour unions in matters of wages and conditions of service
Bpooling of members' resources for long-term investment
Cdisseminating information to members on matters relating to tariffs
Densuring uniformity in labour matters and industrial relations
View Explanation & Discuss
Question 12
jamb 2010

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

AN60,000
BN36,000
CN54,000
DN90,000
View Explanation & Discuss
Question 13
jamb 2010

An arrangement by independent firms to share the market of their products on quota basis is referred to as?

Atrust
Bintegration
Csyndicate
Dcartel
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Question 14
jamb 2010
One of the main features of a partnership is?
Alimited liability
Black of corporate existence
Cunlimited membership
Dlack of utual confidence
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Question 15
jamb 2010

The warehouse that is owned and controlled by the government is a?

Awholesalers' warehouse
Bpublic warehouse
Cstate warehouse
Dmanufaturers' warehouse
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Question 16
jamb 2010
A major hindrance to tourism growth in Nigeria is?
Aabsence of genunie tour operators
Black of tourism master plan
Cinadequate tourist centres
Dnon-compliance to immigration laws
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Question 17
jamb 2010

An agent who brings a customer into business contact with his principle is known as?

Aa del credere agent
Ban auctioneer
Ca factor
Da broker
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Question 18
jamb 2010

A businessman who undertakes the hull insurance policy is aiming at?

Aconcerting losses on damages to the cargo
Bprotecting injured crew in the ship
Caverting payment of the freight
Dcovering damages to the body of the ship
View Explanation & Discuss
Question 19
jamb 2010

The best mode of ensuring that items posted got to the named address through?

Arecorded delivery
Bregistered mail
Ccertificate of posting
Dexpress mail
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Question 20
jamb 2010
One of the merits of television as a medium of of advertising is that it?
Ais prone to censorship
Bis relatively cheap
Chas more sensory stimulation
Dhas more network coverage
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Question 21
jamb 2010

A process of creating more market for a product is through?

Aconsumerism
Bmarketing
Cadvertising
Dreponsitioning
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Question 22
jamb 2010

Selling goods in foreign countries at price below their marginal cost is?

Adumping
Bdepreciation
Cdevaluation
Ddiscounting
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Question 23
jamb 2010

The details of the goods require by the the purchaser is outlined in?

Aa consular invoice
Ban indent
Can invoice
Da certificateof orign
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Question 24
jamb 2010

The document issued to a port authority when goods are deposited is a?

Adock landing account
Bbill of sight
Cbill of lading
Ddock warrant
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Question 25
jamb 2010

Entrepot trade usually occurs in?

Aexchanging goods within a nation
Bexchanging goods among countries
Cimporting goods to be re-exproted
Dexproting goods to be re-imported
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Question 26
jamb 2010

The document that gives an importer a freehand to obtain goods from any manufacturer is?

Aa consular invoice
Ba closed indents
Can open indent
Da freight note
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Question 27
jamb 2010

The comparison of a country's visible and invisible exports and imports expressed in monetary term is?

Abalance of payment
Bterms of trade
Cbalance of trade
Dterms of payment
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Question 28
jamb 2010

The activity which entails buying of goods in bulk and selling in small quantities to retailers is?

Aassembling
Bwholesaling
Cretailing
Dmerchandising
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Question 29
jamb 2010

A trend in retailing which enables consumers to have free access to different products is?

Aafter-sales services
Bbranding
Cself-services
Dvending machine
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Question 30
jamb 2010

After-sales service is a function usually rendered by?

Aa retailer
Ba wholesaler
Can agent
Dan enterpreneur
View Explanation & Discuss
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