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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 2013

In a staff-authority relationship, the opinion of a specialist in one department to another is

Aa directive

Ban advice

Ca command

Da delegation

View Explanation & Discuss

Question 12

jamb 2013

The most suitable organizational structure for small or medium sized enterprises is

Aline structure

Bstaff structure

Ccommittee structure

Dfunctional structure

View Explanation & Discuss

Question 13

jamb 2013

The initial function of a manager is

Asetting up an organisation

Bcoordinating

Cplanning

Dprovision of welfare package

View Explanation & Discuss

Question 14

jamb 2013

Gilt-edged securities are issued mainly by

Aindividuals

Bnon-governmental organisations

CGovernment

Dmulti-national companies

View Explanation & Discuss

Question 15

jamb 2013

Money can be simply be referred to as a

Ameasure of value

Bstandard of value

Cmeans of settlement

Ddurable asset for doing business

View Explanation & Discuss

Question 16

jamb 2013

Which of the following is a quality of money

AAvailability

BScarcity

CIndivisibility

DConvertibility

View Explanation & Discuss

Question 17

jamb 2013

Money is generally accepted for transactions due to

Athe legal backing

Bthe rule of law

Cits acceptability in the global market

Dthe Central Bank Governor's signature

View Explanation & Discuss

Question 18

jamb 2013

Trade fairs in Nigeria are organised by

Athe Federal Government

BManufacturers'' Association of Nigeria

CMinistry of Commerce and Industry

DChambers of Commerce

View Explanation & Discuss

Question 19

jamb 2013

In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to

Aincrease profit of service providers

Bprotect the interest of government

Cencourage more people into the business

Dprotect the interest of consumers

View Explanation & Discuss

Question 20

jamb 2013

A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to

Aprotect other lawyers

Bprotect the intergrity of the association

Ccompensate the affected client

Dprevent the client from sueing the association

View Explanation & Discuss

Question 21

jamb 2013

The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?

A#24,000

B#46,500

C#62,500

D#65,000

View Explanation & Discuss

Question 22

jamb 2013

The amount of authorized capital that shareholders have subscribed to is

Aissued share capital

Bauthorized share capital

Cowner's equity

Dworking capital

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Question 23

jamb 2013

Which of the following will not be stated in a Memorandum of Association

AName clause

Brights of shareholders

Cobject clause

Dregistered office

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Question 24

jamb 2013

A business partner who provides capital but abstains from participation in administration of a firm is a

Ageneral partner

Bnominal partner

Csecret partner

Ddormant partner

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Question 25

jamb 2013

In order to increase the capital owned, a sole trader may

Aseek for bank loan

Bissue debentures

Cacquire extra shop fittings on credit

Ddraw less of his profit for personal use

View Explanation & Discuss

Question 26

jamb 2013

An importance of warehousing is in the

Aproduction of goods

Btransportation of goods

Cimportation of goods

Drepackaging of goods

View Explanation & Discuss

Question 27

jamb 2013

An undertaking given by a person to another assuring his integrity is

Aproximate cause

Bfidelity guarantee

Csubrogation

Dinsurable interest

View Explanation & Discuss

Question 28

jamb 2013

The most reliable and efficient means of conveying urgent documents is through

Apostal order

Bordinary letters

Cregistered letters

Dcourier services

View Explanation & Discuss

Question 29

jamb 2013

The two main forms of communication are

Aoral and written

Bverbal and non-verbal

Ce-mail and fax

Dtraditional and modern media

View Explanation & Discuss

Question 30

jamb 2013

Which of the following advertising medium appeals to only the literate in the society

Aradio advertising

Bprint media advertising

Ctelevision advertising

Dcinema advertising

View Explanation & Discuss

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