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.

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

139 questions
Question 1 of 20 139 total questions
Question 11
waec 2018

An advertisement method whose objective is to convince customers to buy a product  is?

Ainformative advertisement
Bpersuasive advertising
Ccompetitive advertising
Dmass advertisement
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Question 12
waec 2018

commercial agents who are authorized to keep goods untill they are sold are?

Afactors
Bdistributors
Cbrokers
Dauctioneers
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Question 13
waec 2018

A shipping document detailing the charges for carrying a particular cargo for a specified voyage is?

Adock warrant
Bfreight note
Cbill of lading
Dmate's receipt
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Question 14
waec 2018

A method of buying in anticipation of price fluctuation in the commodity market is?

Aspeculation
Barbitrage
Ccontango
Dhedging
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Question 15
waec 2018

which of the following is not a component of the marketing mix

Aprice
Bplace
Cpopulation
Dproduct
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Question 16
waec 2018

An individual  employed to act on behalf of another within a specified guideline is?

Aa jobber
Ban agent
Ca broker
Da distributor
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Question 17
waec 2018

A contract terminated by the occurence of an event which makes performance impossible is discharged by? 

Abreach
Bagreement
Cfrustration
Dperformance
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Question 18
waec 2018

A cheap means of carrying bulky goods over long distance is by?

Arail
Broad
Cair
Dpipeline
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Question 19
waec 2018

informative advertisig is aimed at?

Agiving advice on the use of a product
Binfluencing customers to buy a product
Cgiving gifts to attract customers
Dencouraging specific customers to buy a product
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Question 20
waec 2018

A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?

Abill of sale
Bbill of sight
Cbill of entry
Dbill of lading
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Question 21
waec 2018

The functions of money do not include

Astore of value
Bmedium of exchange
Cdouble coincidence of wants
Dmeans of deferred payment
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Question 22
waec 2018

A put option in the stock exchange is an option

Ato sell
Bnot to sell
Cto buy
Dnot to buy
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Question 23
waec 2018

which of the following documents is used when goods are being sent by a common carrier

Adelivery note
Bconsignment note
Cadvice note
Dcredit note
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Question 24
waec 2018

The insurance policy taken to cover dishonesty of account personnel of an organisation is? 

Aemployers laibility
Bfidelity guarantee
Clife endowment
Dmarine insurance
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Question 25
waec 2018

The reason for sending a proforma invoice to a potential customer is that it is?

Aan indication of the seller's willingness to grant credit
Ba polite way of telling the customer to return the goods
Can invitation to the buyer to buy on hire purchase
Da polite way of refusing to sell on credit
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Question 26
waec 2018

which of the following features is not associated with a chamber of commerce? it is 

Ademocratically administered
Ban independent association
Copen only to entrepreneurs
Da voluntary association
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Question 27
waec 2018

Exchange of goods in international market which does not involve the use of money is a

Abarter trade
Bentreport trade
Ccounter trade
Dbilateral trade
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Question 28
waec 2018

A business which requires a certificate of trading in order to commence operation is a? 

Aco-operative society
Bprivate company
Csole propietorship
Dpublic company
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Question 29
waec 2018

If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?

A1.2 times
B1.5 times
C2.0 times
D7.5 times
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Question 30
waec 2018

The path through which a product moves from the manufacturer to the consumer is a?

Achannel of communication
Bline of production
Cmeans of transportation
Dchannel of distribution
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