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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 191
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 192
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 193
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 194
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 195
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 196
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 197
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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Question 198
waec 2018

which of the following statement is true of a debenture?

Aits holders receive interest
Bit forms part of a company's authorized capital
Cits owners are co-owners of the company
Dits owners control the company
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Question 199
waec 2018

An association of businesses engaged in both trade and industry is a?

Aco-operative society
Btrade union
Ctrust fund
Dchamber of commerce
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Question 200
waec 2018

multilateral trade is carried out 

Abetween two countries only
Bwithin many countries
Camong many countries
Dbetween neighbouring countries only
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Question 201
waec 2018

The portion of share capital which the company has asked shareholder to pay is?

Acalled-up capital
Bauthorized capital
Cpaid-up capital
Dunpaid capital
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Question 202
waec 2018

which of the following is a source of short term finance

Ahire purchase
Boverdraft
Clease
Ddebenture
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Question 203
waec 2018

one disadvantage of a sole proprietorship is?

Aquick decision making
Bunlimited liability
Cpride of ownership
Dunlimited source of capital
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Question 204
waec 2018

one example of of a product of a construction industry is a

Achair
Bbag of cement
Cpiece of cloth
Dtelevision
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Question 205
waec 2018

A person authorized to sell the property of a company in a winding up is 

Aan auctioneer
Ban agent
Ca liquidator
Da bailee
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Question 206
waec 2018

Activities which fascilitates commerce include

Aengaging youths in environmental sanitation
Bfunding political campaigns
Cproviding recreational facilities
Dimproving road network
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Question 207
waec 2018

A document through which invitation is extended to the public to subscribe to shares is?

Aarticle of association
Bmemorandum of association
Cprospectus
Dqoutation
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Question 208
waec 2017

Balance of payment deficit may be caused by?

Arevaluation of currency
Bsales of foreign reserves
Cunrestricted exports
Dunrestricted imports
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Question 209
waec 2017

which of the following bussinesses relies on government subvention for its operation?

Apublic corporation
Bpublic limited liability company
Cco-operative society
Dprivate limited liability company
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Question 210
waec 2017

one of the aims of ECOWAS is to?

Adiscourage foreign investors
Bpromote privatization policy
Censure production of quality goods
Dpromote trade within the region
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