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.
Which of the following is statutorily responsible for providing information and incentives required to increase the volume of Made-in-Nigeria goods in foreign markets?
AAssociation of Nigeria Exports
BNigeria Export Promotion Council(NEPC)
CGeneral Agreement onTariffs and Trade(GATT)
DAssociation of Nigeria Importers
EManufacturers Association of Nigeria
View Explanation & Discuss
Question 2042
waec1991
The manufacturer would by-pass the wholesaler and the retailer in the distribution of his products if the?
ADemand is widespread
BWholesaler and retailer lack office accomodation
CVolume of production is high
DThe product make-up and use are highly technical
EManufacturer has no warehouse
View Explanation & Discuss
Question 2043
waec1991
Restoring the insured to his former position by the insurer in the event of his suffering the specified loss is called?
ASubrogation
BCompensation
CIndemnity
DContribution
ESurrender value
View Explanation & Discuss
Question 2044
waec1991
The two main categories of marine losses are?
ATotal loss and partial loss
BTotal loss and particular average loss
CTotal loss and constructive total loss
DTotal loss and actual total loss
EPartial loss and constructive total loss
View Explanation & Discuss
Question 2045
waec1991
A service provided by NITEL through which one can dial any number one wants whether it is a local, trunk or overseas is called the?
AInternal Communication System
BStandard Dialling System
CSubscribers Dialling System
DInternational Telecommunications
ECoded Dialling Order
View Explanation & Discuss
Question 2046
waec1991
Which of the following is not provided by NIPOST?
APrivate Mail Bag
BRecord Delivery
CBusiness Reply Service
DTelegram
EPoste Restante
View Explanation & Discuss
Question 2047
waec1991
The total assets acquired for permanent use in a business concern is called?
ACurrent assets
BFixed assets
CCalled-up capital
DWorking capital
EAuthorized capital
View Explanation & Discuss
Question 2048
waec1991
A customer is granted an overdraft by the bank subject to his operating a?
ASavings account
BFixed-deposit account
CCall-deposit account
DCurrent account
ELoans account
View Explanation & Discuss
Question 2049
waec1991
An application form which is filled by anyone taking out an insurance policy is called?
AA policy form
BA claims form
CA proposal form
DA questionnaire
EAn entry form
View Explanation & Discuss
Question 2050
waec1991
Debentures are part of a company's?
AAuthorized share capital
BIssued share capital
CPaid-up capital
DLoan capital
ECalled-up capital
View Explanation & Discuss
Question 2051
waec1991
The insurance cover on property being shipped from one location to another comes under?
ABurglary insurance
BFire insurance
CMarine insurance
DAnnuity insurance
EComprehensive automobile insurance
View Explanation & Discuss
Question 2052
waec1991
The technique of controlling money supply through the purchase and sale of government bond is called?
ABond control technique
BExchange control technique
COpen market operations
DPrice control mechanism
ESpan of control technique
View Explanation & Discuss
Question 2053
waec1991
When a customer writes a cheque to withdraw cash from his current account, he is both the?
ADrawer and the Payee
BDrawee and the Payee
CDrawer and the Debtor
DDrawer and the Creditor
EDrawee and the Debtor
View Explanation & Discuss
Question 2054
waec1991
Which of the following is not a method of trade restriction?
AExchange control
BStock exchange
CImport licence
DEmbargo
EQuota
View Explanation & Discuss
Question 2055
waec1991
Workers involved in mining, quarrying or fishing are engaged in?
ASecondary production
BPrimary production
CTertiary production
DThe manufacturing industry
EThe construction industry
View Explanation & Discuss
Question 2056
waec1991
Which of the following is a feature of Co-operative Societies?
AEach member has several votes during meetings
BProfits are shared on the basis of shares held
CAll members have equal votes during meetings
DMembers are not involved in running the business
EThe welfare of members is not taken into consideration
View Explanation & Discuss
Question 2057
waec1991
Which of the following must be submitted to the Registrar of Companies before the company is incorporated?
AArticles of Association and Certificate of Incorporation
BMemorandum of Association and Certificate of Incorporation
CArticles of Association and Memorandum of Association
DMemorandum of association and Prospectus
ECertificate of Incorporation and Prospectus
View Explanation & Discuss
Question 2058
waec1991
Which of the following involves gathering and analysing information about demand, consumers wants and new products?
ASales promotion
BMarket research
CPersonal selling
DAfter-sales service
EPhysical distribution
View Explanation & Discuss
Question 2059
waec1991
The Act designed to reserve certain businesses exclusively for Nigerians is known as the?
ASale of Goods Act
BWeights and Measures Act
CNigerian Enterprises Promotion Act
DStandards Organization of Nigeria Act
ETrade Marks Act
View Explanation & Discuss
Question 2060
waec1991
The state of scientific knowledge and production process obtainable in a country is part of the?
