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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.

40 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

40 questions

Question 1 of 20 40 total questions

Question 11

jamb 2020

A customer with ABC Plc sent money through his account to his sister's account in another branch. This Is an example of

Ae-business

Be-commerce

Ce-banking

De-finance

View Explanation & Discuss

Question 12

jamb 2020

The process of eliminating a virus from computer is the

Aprogramming

Bformatting

Clooping

Ddebugging

View Explanation & Discuss

Question 13

jamb 2020

Ships used for international transport are

Aoceanliners

Byachts

Claunchers

Dtrawlers

View Explanation & Discuss

Question 14

jamb 2020

Given:

I. shoe maker
II. policemen
III. fishermen
IV. Gardener
V. Broker.

The persons engaged in primary Occupation are

AI, II and V

BI, III and IV

CIII and V

DIII and IV

View Explanation & Discuss

Question 15

jamb 2020

The scope of economic activities can be enlarged by

Atransportation and trading

Btrading and aids to trade

Cbusiness and its promotion

Dinsurance and banking

View Explanation & Discuss

Question 16

jamb 2020

One of the functions of the Nigeria Ports Authority is the provision of

Acarrier services to ensure speedy delivery

Bfacilities to enhance the speedy loading and offloading of cargoes

Cfacilities to ensure that goods get to the destinations

Dshelter for operators of cargoes

View Explanation & Discuss

Question 17

jamb 2020

Use the diagram above to answer this question

In the communication process. Y represents

Athe encoder

Bthe initiator

Cnoise

Dthe medium

View Explanation & Discuss

Question 18

jamb 2020

Use the diagram above to answer this question

X represents

Aaction

Breceiver

Ctransmission

Dideation

View Explanation & Discuss

Question 19

jamb 2020

One of the disadvantages of sole proprietorship is

Alimited liability

Bpride of ownership

Cunlimited liability

Dsecrecy of annual reports

View Explanation & Discuss

Question 20

jamb 2020

The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves

Aface-to-face communication with customers

Bdistributing instructional posters

Cpremium programming for Customers

Dpublishing promotional hooklets

View Explanation & Discuss

Question 21

jamb 2020

Charges for loans paid by commercial banks to the Central Bank of Nigeria are called

Acredit charges

Binterest rates

Cbank charges

Dbank rates

View Explanation & Discuss

Question 22

jamb 2020

The management function that makes the difference in intensity of behavior is

Acontrolling

Bmotivation

Ccoordinating

Dplanning

View Explanation & Discuss

Question 23

jamb 2020

An author's exclusive right to his published and unpublished works is known as

Aconstitutional right

Bauthor's right

Ccopyright

Dpatent right

View Explanation & Discuss

Question 24

jamb 2020

One major characteristic of credit unions and thrift societies is that

Athe contribution of every member depends on the member's ability

Bthe legal processes involved in their formation are rigid

Cmembership is compulsory to people in the same line of business

Da minimum of ten people in the same line of business can form the union

View Explanation & Discuss

Question 25

jamb 2020

Mr. Olatunde took up a fire insurance on a property valued at ₦1000 and the amount insured is ₦80. Thee ₦400. If the property caught fire causing a loss of insurance was taken with the clause with average what is the amount to be paid bý the insurance company?

A₦420

B₦320

C₦460

D₦560

View Explanation & Discuss

Question 26

jamb 2020

A common requirement for public and private limited companies in Nigeria is that

Aa shareholder cannot transfer his shares to someone else without permission from other shareholders

Bshares cannot be offered or sale on the stock exchange

Ctheir annual accounts are made available to the corporate affairs commission

Dshares can be offered for sale through an issuing house

View Explanation & Discuss

Question 27

jamb 2020

Extractive industries may also be denominated as

Adirect industries

Bservicing industries

Cindirect industries

Dprimary industries

View Explanation & Discuss

Question 28

jamb 2020

Which of the following are the components of commerce?

I. trading and advertising
II. warehousing and transportation
III. packing and branding
IV. Insurance and banking

AI and II

BI,II and IV

CII, III and IV

DI and III

View Explanation & Discuss

Question 29

jamb 2020

Freight note is a document

Aissued by a shipping company giving details of changes

Bused by government to transport goods from one country to another

Cused for payment for imported goods

Dgiven by an importer to pay for goods at a future period

View Explanation & Discuss

Question 30

jamb 2020

A distinguishing characteristic of a limited liability company is that

Ais a collection of many sole proprietors

Bis a multiple partnership

Chas limited resources

Dcan sue and be sued

View Explanation & Discuss

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