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
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

50 questions
Question 1 of 20 50 total questions
Question 11
jamb 2015

An agent who takes title to goods and has authority to buy and sell on behalf of another is

AA jobber
BA broker
CA factor
DAn auctioneer
View Explanation & Discuss
Question 12
jamb 2015
A memorandum of association is applicable to a
Apartnership
Bsole trader
Cjoint stock company
Dpublic corporation
View Explanation & Discuss
Question 13
jamb 2015

The body regulating the sale and purchase of shares in Nigeria is the

ACorporate affair commission
BSecurities and exchange commission
CSecurities and exchange tribunal
DNigerian stock exchange
View Explanation & Discuss
Question 14
jamb 2015

In a typical manufacturing enterprises, the line function is performed by the

APublic relations department
BMarketing Department
CEstate or Properties Department
Dlegal Department.
View Explanation & Discuss
Question 15
jamb 2015

A machine which enables sales without the physical presence of sales attendant is a

ATelex Machine
BFax Machine
CVending Machine
DComputer machine
View Explanation & Discuss
Question 16
jamb 2015

Inbound tourism occurs when

Anon-resident s of a country travel within it.
Bnon- resident of a country travel to other countries
Cresident of a country travel within it
DResidents of a country travel to other countries.
View Explanation & Discuss
Question 17
jamb 2015

Second-tier securities market differs from the first-tier securities market in that the former is

Ahighly restricted
BRegulated by SEC
CRegulated by NIPC
Dless restricted.
View Explanation & Discuss
Question 18
jamb 2015

The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a

APartnership
BCompany
CJoint venture
DCo-operative society
View Explanation & Discuss
Question 19
jamb 2015
A direct service is rendered by
AState counsels
BCivil servants
CPolice
DFamily doctor
View Explanation & Discuss
Question 20
jamb 2015
Which of the following best describes an invoice?
AContractual agreement for the sale of goods
BDocument specifying quantity, description, prices and total value of purchase .
CReceipt containing necessary information about the goods.
DLetter specifying the contractual sales of goods between two parties
View Explanation & Discuss
Question 21
jamb 2015

Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?

ANot yet been issued
BBeen applied for but not issued
CNot been paid-up
DBeen issued but have not been paid-up
View Explanation & Discuss
Question 22
jamb 2015

The document that gives an importer freehand to obtain goods form any manufacturer is

AA closed indent
BA consular invoice
CA freight note
DAn open indent
View Explanation & Discuss
Question 23
jamb 2015

The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of

AProduct concept
BMarketing concept
CDistribution concept
DPrice concept
View Explanation & Discuss
Question 24
jamb 2015

Communication enhances business activities by

Afacilitating interaction between producers
BFacilitating interaction among media houses
Censuring the movement of good forms the producer to the consumer
Dkeeping the goods safe until they and needed
View Explanation & Discuss
Question 25
jamb 2015

The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and

AGuaranties
BWarranties
CSureties
DConsideration
View Explanation & Discuss
Question 26
jamb 2015

The internet is a system of telecommunication used for

ASending electronic message
BCommunicating messages through telegrams
CCommunicating long-distance
DSending and renewing text message
View Explanation & Discuss
Question 27
jamb 2015

The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is

AMain frame Computer
BDigital Computer
CAnalogue Computer
DHybrid Computer
View Explanation & Discuss
Question 28
jamb 2015
The application of division of labour would generally bring about
AIncrease in quantity of goods and services
BIncrease in variety of goods and services
CCheapness of goods and services
DCost efficiency in the production of goods and series.
View Explanation & Discuss
Question 29
jamb 2015

A market where new shares are traded is known as

APrimary Market
BStock Exchange
CSecondary Market
DMoney Market
View Explanation & Discuss
Question 30
jamb 2015
Citizens are against privatization mainly because of
AIneffective Management
BThe likely hood of monopoly
CIncreased price of good and services
DThe ration dilation of organizations.
View Explanation & Discuss
Question Navigator
Current
MathsFaculty