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.

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

51 questions
Question 1 of 20 51 total questions
Question 11
waec 2019

One of the factors which determines the choice of transport for goods is the

Acost of purchasing the mode of transport
Bmaintenance cost of the mode of transport
Cnumber of users of the mode of transport
Dnature of the goods to be transported
View Explanation & Discuss
Question 12
waec 2019

A communication equipment which is stationed in space for sending signals is

Adata processor
Binternet
Csatellite
Dtelex machine
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Question 13
waec 2019

The keyboard of a computer is classified as

Aan input device
Ba memory device
Can output device
Da storage device
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Question 14
waec 2019

A cheque for which payment is refused due to insufficient funds is a

Abearer cheque
Bcrossed cheque
Cdishonored cheque
Dstale cheque
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Question 15
waec 2019

The charge paid by a speculator for non-settlement of his account within the specified period is

Abackwardation
Bbrokerage
Ccommission
Dcontango
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Question 16
waec 2019

The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is 

Acontribution
Binsurance interest
Cproximate cause
Dsubrogation
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Question 17
waec 2019

A proportion of the total deposit that a commercial bank must keep as cash and convertible paper is 

Aspecial deposit
Bliquidity ratio
Cinterest rate
Dbank rate
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Question 18
waec 2019

An international trade practice where goods are exchanged for other goods is 

Aentrepot trade
Bbilateral trade
Cbarter trade
Dcounter trade
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Question 19
waec 2019

Oki Williams is the

Apayee
Bendorser
Cdrawer
Ddrawee
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Question 20
waec 2019

XYZ Bank of commerce PLC is the

Apayee
Bendorser
Cdrawer
Ddrawee
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Question 21
waec 2019

The diagram above shows a

Astanding order
Breceipt
Ccheque
Dbill of exchange
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Question 22
waec 2019

An instruction to a bank regular payment to a third party on behalf of a customer is 

Astanding order
Bmoney order
Cmoney transfer
Dcredit transfer
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Question 23
waec 2019

A risk whose probability of occurrence is impossible to estimate is

Auninsurable risk
Bpure risk
Cparticular risk
Dinsurable risk
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Question 24
waec 2019

A firm which imports goods with the view of re-exporting them is engaged in

Abilateral trade
Bentrepot trade
Cmultilateral trade
Dcounter trade
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Question 25
waec 2019

Goods sold under a distinctive trademark are

Abranded goods
Bunsought goods
Cperishable goods
Dpublic goods
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Question 26
waec 2019

Cash in hand and at bank, plus debtors are components of

Aintangible assets
Bcurrent assets
Ccurrent liabilities
Ddepleting assets
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Question 27
waec 2019

Retail outlets which sell from vehicles are

Asupermarkets
Bmobile shops
Cdepartmental stores
Dchain stores
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Question 28
waec 2019

one of the aims of a trade association is to

Aliaise with other trade associations in other countries
Borganize trade fairs and exhibitions
Cprovide quality goods and services
Dpromote commercial activities in their business
View Explanation & Discuss
Question 29
waec 2019

The share capital of a company stated in the memorandum of association and approved by the registrar of companies is

Aworking capital
Bpaid-up capital
Cnominal capital
Dcalled-up capital
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Question 30
waec 2019

A group of companies formed to carry out an activity that is beyond the ability of any individual company is

Aa subsidiary
Ba merger
Ca consortium
Dan acquisition
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