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.

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

89 questions
Question 1 of 20 89 total questions
Question 11
jamb 2018

services which are of absolute monopoly can best be provided by?

Aprivate companies
Blimited liability
Cpublic companies
Dpublic enterprises
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Question 12
jamb 2018

Extractive industries may also be denominated as?

Adirect industries
Bservice industries
Cprimary industries
Dindirect industries
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Question 13
jamb 2018

One of the factors which critically determines the choice of occupation is?

Atraining
Bskill
Captitude
Dinterest
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Question 14
jamb 2018

Sudden technological changes can have the effect of making?

Aa company's management style ineffective
Ba company's product obsolete
Cthe control mechanism difficult to implement
Dthe motivational factors in the company difficult to monitor
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Question 15
jamb 2018

When a vendor supplies news papers from house to house and across the streets, the element of marketing mix involved is? 

Aproduct
Bprice
Cpromoting
Dplace
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Question 16
jamb 2018

The main objective of a trade association can best be described as promoting and protecting ? 

Athe product
Bcommon interest
Cthe market
Dcustomer's interest
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Question 17
jamb 2018

one of the criteria for differenciating consumer markets from industrial ones is the?

Atype of demand
Btype of supply
Cnature of service rendered
Dprice of the goods
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Question 18
jamb 2018

Bank giro is a system where?

Acommercial banks can give loan to all customers.
Ba central bank opens accounts for commercial banks
Ca customer uses a cheque to pay several bills.
Da customer closes his account by writing a cheque
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Question 19
jamb 2018

A person who undertakes any risk in insurance business is known as ? 

Aa broker
Ban underwriter
Can insurer
Dan actuary
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Question 20
jamb 2018

Excise duties are paid on goods that are?

Aimported into the country
Bmanufactured within the country
Cexported to other countries
Dkept in bonded warehouse
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Question 21
jamb 2018

The business organisation in which shareholders have equal votes is?

Asole proprietorship
Bpartnership
Ccooperative
Dlimited liability company
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Question 22
jamb 2018

Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

Aommission
Bcommission
Ctransposition
Dprinciple
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Question 23
jamb 2018

Transportation, retailing and wholesaling industries rely heavily on?

Abanking
Binsurance
Cmanufacturing
Drailway
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Question 24
jamb 2018

when it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?

Aa receiver
Ban auditor
Can account
Da liquidator
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Question 25
jamb 2018

Taking a new product to a particular part of the country to test the reaction of consumers to the product is referred to as?

Asales promotion
Bsampling
Cmerchandising
Dadvertising
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Question 26
jamb 2018

consumer sovereignty means that the consumer is?

Aa citizen
Balways independent
Calways wrong
Dalways right
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Question 27
jamb 2018

The direct authority of a superior over his subordinate is known as?

Astaff authority
Bline authority
Cline and staff authority
Dlateral authority
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Question 28
jamb 2018

Rights issue means the?

Aissue of shares to the directors of a company.
Bissue of shares by a company only to the founders of the company
Cright of shareholders to vote on any issue
Dissue of shares to shareholders on favorable terms
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Question 29
jamb 2018

The main objective of corporate mergers is to?

Aminimize the effect of taxation
Bincrease financial advantage
Cfacilitate profit maximization
Denhance economies of scale
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Question 30
jamb 2018

When does production ends?

AWhen the goods are distributed to the wholesalers
BWhen the goods reaches the retailer
CWhen the goods reaches the final consumers
DWhen the goods are fully packaged
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