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
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

50 questions
Question 1 of 20 50 total questions
Question 11
waec 2024

A cheque that bears a date later than the current date is a

Astale cheque
Bpost-dated cheque
Cdishonoured cheque
Dcertified cheque
View Explanation & Discuss
Question 12
waec 2024

Which of the following means of advertising generates a wider coverage?

Aradio
Bneon signs
Ccinema
Dbillboards
View Explanation & Discuss
Question 13
waec 2024

The amount an assured receives if he discontinues a life policy is 

Asurrender value
Bsum assured
Cnet value
Dindemnity
View Explanation & Discuss
Question 14
waec 2024

A computer's main storage device is the 

Acompact disk
Bflash drive
Chard disk
Dmemory chip
View Explanation & Discuss
Question 15
waec 2024

The most suitable means of transporting liquid and gas over long distances within a country is by

Atasker
Btanker
Cpipeline
Daircraft
View Explanation & Discuss
Question 16
waec 2024

A market for long-term loans is the 

Acapital market
Bforeign exchange market
Cmoney market
Dnew issues market
View Explanation & Discuss
Question 17
waec 2024

To correct an overcharge for goods on an invoice, the seller sends the buyer 

Aan advice note
Ba credit note
Ca consignment note
Da delivery note
View Explanation & Discuss
Question 18
waec 2024

Which of the following instruments is not a means of payment?

Adebit note
Bdebit card
Ccredit cards
Dbank notes
View Explanation & Discuss
Question 19
waec 2024

The insurance policy that covers a company against cashiers' dishonesty is  

Aconsequential loss
Bemployers' liability
Cfidelity guarantee
Dthird party
View Explanation & Discuss
Question 20
waec 2024

A financial institution established to raise funds for people who wish to build homes is a

Acentral bank
Bcommercial bank.
Cdevelopment bank
Dmortgage bank
View Explanation & Discuss
Question 21
waec 2024

To inform the buyer that the goods are in transit, the seller sends 

Aa quotation
Ban invoice
Ca debit note
Dan advice note
View Explanation & Discuss
Question 22
waec 2024

A price quotation that includes the cost of delivering the goods up to the ship but excludes the cost of loading is 

AFAS
BFOB
CFranco
DCIF
View Explanation & Discuss
Question 23
waec 2024

An advanced balance payment could be corrected through 

Aincrease in the put
Bincrease in export
Creduction of export
Dremoval of tariffs
View Explanation & Discuss
Question 24
waec 2024

Pre-financing production is a wholesaler's function to 

Amanufactures
Bretailers
Cdistributors
Dconsumers
View Explanation & Discuss
Question 25
waec 2024

One of the aims of customers' association is to advocate for 

Alow-income tax
Bhigh wages
Chigh prices of product
DGood quality product
View Explanation & Discuss
Question 26
waec 2024

use the information below to answer this question 

opening  stock             22,000.00

purchases                    20,000.00

Debtor                          12,000.00           

Creditors                        8,000.00

Closing stock                  8,000.00

overdraft                         5,000.00

 

The value of current liabilities is 

AD10,000.00
BD13,000.00
CD13,000.00
DD15,000.00
View Explanation & Discuss
Question 27
waec 2024

use the information below to answer this question 

opening  stock             22,000.00

purchases                    20,000.00

Debtor                          12,000.00           

Creditors                        8,000.00

Closing stock                  8,000.00

overdraft                         5,000.00

 

calculate the average stock

AD15,000.00
BD14,000.00
CD13,000.00
DD10,000.00
View Explanation & Discuss
Question 28
waec 2024

An advantage of self-service to customers is that it 

Aencourages impulse buying
Benables customers to inspect goods
Cenables customers to buy on credit
Dleads to a reduction in price
View Explanation & Discuss
Question 29
waec 2024

A factor that determines the occupation of people living along coastal areas is 

Aavailability of housing
BGood road network
Cnatural resources available
Dsize of the population
View Explanation & Discuss
Question 30
waec 2024

Raw materials are classified as 

Acapital employed
Bcapital owned
Ccirculating capital
Dfixed capital
View Explanation & Discuss
Question Navigator
Current
MathsFaculty