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.

97 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

97 questions
Question 1 of 20 97 total questions
Question 11
waec 2013

Public enterprises are financed mainly by

Athe shareholders
Bcommercial banks
Cgovernment grants
Dmortgage banks
View Explanation & Discuss
Question 12
waec 2013

Which of the following is a feature of supermarkets?

AGives credit to reliable customers
BSpecializes in one line of product
CGoods are on display with price tags
DDoes not have to provide storage facilities
View Explanation & Discuss
Question 13
waec 2013

The various rights attached to different classes of shares are stated in the

Aarticles of association
Bmemorandum of association
Cbalance sheet
Dprospectus
View Explanation & Discuss
Question 14
waec 2013

The concept which says that a company's production policy should be centered on the ultimate user of the product is known as

Amarket segmentation
Bconsumer sovereignty
Cmarketing mix
Dmarketing research
View Explanation & Discuss
Question 15
waec 2013
Trade fairs and exhibitions are media of
Asales promotion
Bcustomer service
Cmarket segmentation
Dadvertising
View Explanation & Discuss
Question 16
waec 2013
Advertising efforts geared towards a particular audience is known as
Amass advertising
Bdirect advertising
Cpersuasive advertising
Dindirect advertising
View Explanation & Discuss
Question 17
waec 2013
A contract made between a ship owner and a merchant for the carriage of cargo is
Aships' manifest
Bcharter party
Cfreight forward
Dcargo service
View Explanation & Discuss
Question 18
waec 2013
The type of transport a manufacturer will use will be influenced by
Atype of sales
Bthe tax on the goods
Cthe customer's age
Dnature of the goods
View Explanation & Discuss
Question 19
waec 2013

"Not Negotiable" on a cheque means

Aownership can be transferred to the third party by mere delivery
Bthe cheque can be paid over the counter on endorsement
Cthe holder has no better title than the person person who transfers it
Downership rests with the one who issued the cheque
View Explanation & Discuss
Question 20
waec 2013
The cost of telephone conversation is determined by
Anumber of words spoken
Bperson sending the message
Cduration of the conversation
Durgency of the message conveyed
View Explanation & Discuss
Question 21
waec 2013
The use of current account in business is convenient because
Awithdrawal can be made at any time
Bdeposits earn higher interests
Cloans are always available
Dnotices are necessary befor withdrawals
View Explanation & Discuss
Question 22
waec 2013
Which of the following protects consumers against poor quality foods
AChambers of Commerce
BStandard Organization
CTrade Association
DManufacturers Association
View Explanation & Discuss
Question 23
waec 2013
Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that
Awould be paid to mr Biu if he should discontinue with the policy
Bwould be paid to mr Biu's beneficiary if he dies
Cis paid annually by mr Biu to the insurance company
Dthe amount mr Biu has paid plus interest
View Explanation & Discuss
Question 24
waec 2013
An insurance policy that covers the body of the ship only is called
AHaulage insurance
BVoyage insurance
CHull insurance
DCargo insurance
View Explanation & Discuss
Question 25
waec 2013
To endorse a cheque means to
Awrite and sign one's name at the back of the cheque
Bwrite "pay cash" on the cheque
Ccross the cheque
Dstop the payment of the cheque
View Explanation & Discuss
Question 26
waec 2013
A market which deals in the purchase and sale of second hand securities is the
AStock Exchange
BBuilding Society
CShippers Council
DCo-operative
View Explanation & Discuss
Question 27
waec 2013

The object clause of a limited liability company is stated in the

AMemorandum of Association
BArticle of Association
CCertificate of Incorporation
DTrading certificate
View Explanation & Discuss
Question 28
waec 2013

The Board of Directors of Public corporation is appointed by the

Agovernment
Bshareholders
Cmanagement
Demployees
View Explanation & Discuss
Question 29
waec 2013

The last link in the production process is the

Atransporter
Bwholesaler
Cconsumer
Dretailer
View Explanation & Discuss
Question 30
waec 2013

Who among the following does not render direct service?

ATeacher
BMusician
CDoctor
DRetailer
View Explanation & Discuss
Question Navigator
Current
MathsFaculty