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.

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

49 questions
Question 1 of 20 49 total questions
Question 11
waec 2017

A speculator in the stock exchange market who sells securities in anticipation of a fall in their prices

Abroker
Bbull
Cbear
Dstag
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Question 12
waec 2017

the advertising medium that makes only audio impression is 

Acinema
Bradio
Ctelevision
Dhoardings
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Question 13
waec 2017

A disadvantage of rail transport is that?

Ait carries bulky goods only
Bthe cost of carriage is high
Cit is not flexible
Dit travels on schedule
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Question 14
waec 2017

the central bank carries out its monetary policy through?

Adiscounting bills
Bcredit ceilling
Creplacement of worn out notes
Dbank rates
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Question 15
waec 2017

which of the following documents is used in home trade only

Abill of lading
Bairway bill
Ccertificate of origin
Dproforma invoice
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Question 16
waec 2017

Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?

Avaluable consideration
Bformality
Coffer and acceptance
Dcapacity
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Question 17
waec 2017

which of the following terms is not used in price qoutation for goods

AE. & O,E
BC.I.F
CEX works
DF.A.S
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Question 18
waec 2017

in a hire purchase agreement, the buyer is the 

Aagent
Bhirer
Clesse
Dlessor
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Question 19
waec 2017

an example of an invisible item of trade is?

Aoil
Bshipping
Cmachinery
Dtextile
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Question 20
waec 2017

The amount of capital used in the day-to-day running of a company is?

Aworking capital
Bcapital emplyed
Cshare capital
Dfixed capital
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Question 21
waec 2017

An overdraft is granted to holders of?

Asavings accounts
Bloan accounts
Cdeposit accounts
Dcurrent accounts
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Question 22
waec 2017

The duty payable on goods produced locally iis

Aexport duty
Bexcise duty
Cimport duty
Dadvalorem duty
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Question 23
waec 2017

The most suitable channel for the sale of an aircraft is?

Amanufacturer-wholesaler-retailer-consumer
Bmanufacture-wholesaler-consumer
Cmanufacturer - retailer - consumer
Dmanufacturer - consumer
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Question 24
waec 2017

which of the following is a source of short term capital. 

Atrade credit
Bshares
Cleasing
Ddebenture
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Question 25
waec 2017

What is the rate of stock turnover.

A11 times
B6 times
C4.7 times
D4 times
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Question 26
waec 2017

What is the cost of goods sold

AD55000
BD42,000
CD32,000
DD28,000
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Question 27
waec 2017

what is the average stock

AD12,000
BD7,000
CD6,000
DD5,000
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Question 28
waec 2017

which of the following is not a factor of production

Acapital
Blabour
Cexchange
Dentrepreneurship
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Question 29
waec 2017

The conversion of raw materials into finished goods is performed by?

Aextractive industry
Bservice occupation
Ccommercial occupation
Dthe manufacturing industry
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Question 30
waec 2017

when a company sells shares to existing shareholders at preferential rate, this is

Aa right issue
Bbonus issue
Cprivate placing
Dissue by introduction
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