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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.

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

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

a house insured against damage by flood was burnt down and the owner had no claim. which of the following principles prevented him from making a claim

Aindemnity
Bcontribution
Cinsurable interest
Dproximate cause
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Question 12
waec 2015

A cheque made payable to a named person is?

Aa crossed cheque
Ba certified cheque
Can order cheque
Da confirmed cheque
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Question 13
waec 2015

the practice of selling goods in foreign markets at a price lower than the cost price is?

Afair trading
Bunder invoicing
Chedging
Ddumping
View Explanation & Discuss
Question 14
waec 2015

Retail outlets which sell from specialized vans are called?

Asuper market
Bmultiple shops
Cmail order
Dmobile shop
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Question 15
waec 2015

which of the following is an aspect of marketing concept

Aproduct differentiation
Bsales orientation
Cconsumer orientation
Dprice differentiation
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Question 16
waec 2015

The reduction in the value of a country's currency in  relation to others is?

Are denomination
Bdevaluation
Cinflation
Ddeflation
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Question 17
waec 2015

Which of the following is classified under current assets

Amachinery
Bmotor vehicle
Cstock
Dfittings
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Question 18
waec 2015

The capital used in the day to day running of a business is?

Anominal capital
Bworking capital
Cpaid up capital
Dauthorized capital
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Question 19
waec 2015

Duty drawback refers to duties paid on?

Aexported goods produced with local content
Bre-exported goods previously imported
Cimported goods for sale locally
Dlocally manufactured goods for sale locally
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Question 20
waec 2015

Which of the following business units enjoys government subsidies

Aprivate limited company
Blimited partnership
Cpublic limited company
Dpublic enterprises
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Question 21
waec 2015

The term utmost good faith in insurance means?

Aboth the insured and insurer must disclose all information
Bonly the insurer must disclose all information
Cthe beneficiary must disclose all information
Donly the insured must disclose all information
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Question 22
waec 2015

which of the following is a function of the retailer to the wholesaler

Aproviding after sales services
Bproviding information on market trends
Csales of variety of goods
Dsales of goods in smaller quantities
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Question 23
waec 2015

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

Aa bounced cheque
Ba bearer cheque
Ca crossed cheque
Dan order cheque
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Question 24
waec 2015

which of the following workers is engaged in construction occupation

Amason
Bshop assistant
Cfarmer
Dtrain driver
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Question 25
waec 2015

what is the rate of turnover by BYX Enterprise

A5.0 times
B3.5 times
C3.0 times
D1.5 times
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Question 26
waec 2015

calculate the gross profit by BYX Enterprise

AD13,000
BD9,000
CD5,000
DD1,000
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Question 27
waec 2015

Which of the following activities is classified under extractive industry?

Aexploration of minerals
Bconstruction of roads
Ccanning of tomatoes purees
Dassembling of cars
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Question 28
waec 2015

The term consumer sovereignty means that?

Aseller is the king
Bproduct is supreme
Cbuyer is the king
Dproducer is the king
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Question 29
waec 2015

Which of the following aids to trade is used to stimulate demand for goods

Abanking
Btransport
Cinsurance
Dadvertising
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Question 30
waec 2015

The value of bamidele authorized share capital is?

AN160,000,000
BN100,000,000
CN65,000,000
DN40,000,000
View Explanation & Discuss
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