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.

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

90 questions
Question 1 of 20 90 total questions
Question 11
waec 2020

An insurance policy which is not a contract of indemnity is?

Aburglary insurance
Bfire insurance
Clife insurance
Dmotor insurance
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Question 12
waec 2020

The financial market where existing shares and bonds are bought and sold is the?

Aforex market
Bstock market
Cmoney market
Dcommodity market
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Question 13
waec 2020

The issue of shares which allows existing shareholders to buy shares at a preferential price is?

Abonus issue
Boffer for sale
Cpublic offer
Drights issue
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Question 14
waec 2020

The bank which acts as the lender of last resort is the?

Acentral bank
Bcommercial bank
Cmerchant bank
Dmortgage bank
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Question 15
waec 2020

The share value stated on a share certificate is?

Aabove par value
Bbelow par value
Cmarket value
Dnominal value
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Question 16
waec 2020

The right to buy or sell stock exchange with a stipulated period is?

Aoption
Bcontango
Cbackwardation
Dbrokerage
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Question 17
waec 2020

A request for goods from another country by an importer would be made using?

Aan invoice
Ban indent
Can order
Da quotation
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Question 18
waec 2020

A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?

Aadvice note
Bconsignment note
Cdelivery note
Dfreight note
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Question 19
waec 2020

A discount deducted from the invoice price of goods to enable the retailer to make profit is?

Acash discount
Bfunctional discount
Ctrade discount
Dseasonal discount
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Question 20
waec 2020

One advantage of small scale retail outlet is?

Aavailability of self service facilities
Bability to buy in bulk
Ceasy access to large amount of capital
Dpersonal attention to customers
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Question 21
waec 2020

A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are?

Amainly household goods
Bmainly industrial goods
Cdelivered by post
Done line of products
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Question 22
waec 2020

Goods brought into the country for sale are the country`s?

Ainvisible imports
Binvisible exports
Cvisible imports
Dvisible exports
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Question 23
waec 2020

The difference between a country`s imports and exports of goods in a particular year is?

Aterms of trade
Bterms of payment
Cbalance of payment
Dbalance of trade
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Question 24
waec 2020

The last link in a channel of distribution is the?

Awholesaler
Bretailer
Cconsumer
Dagent
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Question 25
waec 2020

The part of issued share capital that the company has asked the subscribers to pay for is?

Aauthorized capital
Bcalled-up capital
Cnominal capital
Dpaid-up capital
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Question 26
waec 2020

When the cost of sales is divided by the average stock, the result is?

Agross profit
Bnet profit
Crate of turnover
Dworking capital
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Question 27
waec 2020

Examples of currents assets are?

Acash and trade debtors
Bcash and trade creditors
Ctrade debtors, trade creditors and cash
Dtrade creditors and trade debtors
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Question 28
waec 2020

The issue of prospectus by a company is an invitation to members of the public to?

Asubscribe to the company`s shares
Bbuy the company`s product
Cattend the company`s boards meeting
D
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Question 29
waec 2020

An association formed by computer distributors to safeguard and promote their interest is a? 

Achamber of commerce
Bcooperative society
Ctrade association
Dtrade union
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Question 30
waec 2020

Which of the following is not a function of a consumer association?

Aensuring that consumers buy quality goods
Beducating consumers on their rights
Cpenalizing importers of fake goods
Densuring that fair prices are charged
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