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.

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

128 questions
Question 1 of 20 128 total questions
Question 11
waec 2023

Buying and selling products through a network of digital devices is

Ae-commerce
Be-payment
Ce-transfer
De-mail
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Question 12
waec 2023

The term 2%/15 net 30 represents a

Aseasonal discount
Bquantity discount
Ccash discount
Dtrade discount
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Question 13
waec 2023

A similarity of private and public company is that they

Asell shares on the stock exchange
Bhave equal number of members
Creceive certificate of incorporation
Dare required to publish their final accounts
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Question 14
waec 2023

When a seller wishes to be paid before supplying goods, he would send the buyer a

Aconsular invoice
Bconsignment note
Cproforma invoice
Dcredit note
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Question 15
waec 2023

One of the aim of ECOWAS is to

Aensure production of quality goods
Bencourage foreign investments
Cimprove transportation and communication
Dpromote privatization policies
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Question 16
waec 2023

The use of brand names and trademarks is to

Acontrol the supply of goods
Bprevent imitation by competitors
Cstabilize the prices of goods
Dmake after-sale service possible
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Question 17
waec 2023

Which of the following activities does not belong to the extractive industry?

ADrilling
BMining
CBarbing
DFarming
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Question 18
waec 2023

Divesting government interest in a business to the public is

Acommercialization
Bderegulation
Cprivatization
Dnationalization
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Question 19
waec 2023

The reward for capital is

Arent
Binterest
Cprofit
Ddividend
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Question 20
waec 2023

Advertising designed to sell more of a company's products than other brands is

Apersuasive
Bindirect
Ccompetitive
Dinformative
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Question 21
waec 2023

Which of the following countries is not a member of the European Union?

AGreece
BFrance
CDenmark
DBolivia
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Question 22
waec 2023

A business that can obtain capital through of sale of shares is a

Ademurrage
Bfreight
Ccharge
Ddock due
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Question 23
waec 2023

A factor to be considered in selecting a means of transporting fish is the

Ademand for fish
Bsupply of fish
Ccost of fish
Dnature of the fish
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Question 24
waec 2023

The means by which a firm obtains information before introducing new products is

Amarket segmentation
Badvertising
Cpromotion
Dmarket research
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Question 25
waec 2023

A reduction in the value of a country's currency in relation to that of other countries is

Arevaluation
Binflation
Cdevaluation
Ddeflation
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Question 26
waec 2023

A disadvantage of privatization is that

Athere is decline in the supply of goods
Bpublic interest outweighs the profit motive
Cincome is unevenly distributed
Dthere is less efficiency in the production of goods
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Question 27
waec 2023

A voluntary association of businessmen who are not in the same line of business is a

Abureau de change
Btrade association
Cchamber of commerce
Dtrade union
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Question 28
waec 2023

A problem associated with barter is

Apoor road network delaying transportation of goods
Binability to measure what is to be exchanged
Cdifficulty in collecting debt
Dinability to produce enough goods
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Question 29
waec 2023

Dissolution of a partnership could arise from

Afall in output
Bdeath of a member
Cnon access to capital
Dincrease in market share
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Question 30
waec 2023

The function of money that makes it generally acceptable is

Aunit of account
Bstore of value
Cmedium of exchange
Dstandard of deferred payment
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