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
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Past Questions

50 questions
Question 1 of 20 50 total questions
Question 11
waec 2012

The bank on which a cheque is drawn is known as the

Adrawer
Bdrawee
Ccashier
Dpayee
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Question 12
waec 2012

The assets of a business that is available for cash or near cash is called

Aequity
Bcapital employed
Creceived capital
Dliquid capital
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Question 13
waec 2012

A collective bundle of shares is called?

Adebenture
Bstock
Cbond
Dshare
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Question 14
waec 2012

A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is known as

Astanding order
Bmoney order
Cbank draft
Doverdraft
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Question 15
waec 2012

One of the principles of insurance is

Aconsequential loss
Bfidelity guarantee
Cproximate cause
Dsurrender value
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Question 16
waec 2012

Which of the following is not an economic grouping

ALake Chad Basin Commission
BEconomic Community of West African States
CEuropean Union
DInternational Monetary Fund
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Question 17
waec 2012

The document issued by the registrar of companies to permit a public limited company to commence business is

AMemorandum of Association
BCertificate of Incorporation
CArticle of Association
DTrading certificate
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Question 18
waec 2012

Which of the following is concerned with promoting favorable image of an organization?

AConsumer soveriegnty
BPublic relations
CMarketing research
DMarketing segmentation
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Question 19
waec 2012

Bonded warehouse is a place where

Aduty free goods are kept
Bperishable goods are kept
Chome-made goods are kept
Ddutiable goods are kept
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Question 20
waec 2012

Which of the following is a feature of mail order business?

AEmploys many shop assistants
BPractices self service
CProvides attractive shop front
DRents large warehouse
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Question 21
waec 2012

Current account holders withdraw money by means of

Acredit card
Bdraft
Cwithdrawal form
Dcheque
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Question 22
waec 2012

Which of the following acted as the central bank for West African countries before their independence?

AThe West African Clearing House
BThe British Bank for West Africa
CThe West African Currency Board
DThe African Development Bank
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Question 23
waec 2012

The Central Bank's monetary policy instrument by which it buys and sells treasury bills is known as

AOpen Market Operation
BBank rate
CCash reserve ratio
DSpecial deposit
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Question 24
waec 2012

An efficient transport system enables a trader to

Awiden the market for his products
Bavoid customs examination of goods
Cadopt better price policy
Dreduce cost of production
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Question 25
waec 2012

A licensed person who is authorized to sell to the highest bidder is

Aprincipal
Bfactor
Cbroker
Dauctioneer
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Question 26
waec 2012

The collection of tariffs on imported goods is the function of

APorts Authority
BCustoms and Excise Authority
CClearing and Forwarding Agents
DExport Promotion Council
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Question 27
waec 2012

The entitlement of a debenture holder from a company's income is known as

Acommission
Binterest
Clien
Ddividend
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Question 28
waec 2012

Which of the following is not an insurance of indemnity

ALife
BMarine
CBurglary
DFire
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Question 29
waec 2012

Collecting information on the taste of consumers and the extent of demand for a product is

Amarket research
Bmarket segmentation
Cmarketing mix
Dmarketing concept
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Question 30
waec 2012

Which of the following is classified as invisible item in balance of payment?

Aimport of goods
BSalaries of expartriates
CExport of groundnuts
DSale of equipment
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