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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 221
jamb 2019

The difference between Articles of association and memorandum of Association is that the latter deals

Awith the Internal working relationship of the company and its members
Bwith the powers and relationships of the company with outsiders
CThe method of issue, transfer and future of the company's shares
DThe rights and responsibilities of shareholders
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Question 222
jamb 2019

A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

ADebit note
BCredit note
CWarrant
DShipping note
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Question 223
jamb 2019

The headquarters of Niger Basin Commission is located at________

AAbuja
BNiamey
CLome
DNojamena
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Question 224
jamb 2019

Tourism involving residents of the given country travelling only within this country is called__________

ADomestic Tourism
BInbound Tourism
COutbound Tourism
DTraveller's Tourism
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Question 225
jamb 2019

The following development of money have therefore been the use of, except______

ACoins
BInconvertible paper money
CCommodities
DAbacus
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Question 226
jamb 2019

A responsibility to control environmental pollution is the responsibility of____

AThe business
BThe government
CThe consumer
DThe employee
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Question 227
jamb 2019

The factors to be considered in setting up retail trade include all except_____

ACapital
BExperience
CLocation
DAge
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Question 228
jamb 2019

Advantages of pipeline transport include all except_______

ALow maintenance cost
BIt is safe
CContinuous Flow of goods
DProne to leakages
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Question 229
jamb 2019

All but one is not a demerit of advertising?

AIt leads to monopoly
BBuyers can buy unnecessarily
CIncrease in profit
DHigh cost
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Question 230
jamb 2019

The scope of commerce is limited to________

Ahome and foreign trade
Bwholesaler and retail trade
Ctrade and aids to trade
Dwholesale and entreport trade
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Question 231
jamb 2019

A two-way process which involves sending and receiving of messages is referred to as__________

AAdvertisement
BCommunication
CMarketing
DTransportation
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Question 232
jamb 2019

A cheque that is payable to whoever presents it is known as______

Aorder cheque
Bopen cheque
Ccrossed cheque
Dbearer cheque
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Question 233
jamb 2019

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

APrompt cash
BCash on delivery
CSpot cash
DCash with order
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Question 234
jamb 2019

A commission charged on postal order is__________

Apostal zero
Bpostal orders
Cpoundage
Dbrokage
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Question 235
jamb 2019

One of these is not a factor affecting prices of securities?

AThe Forces of demand and supply
BActivities of speculators
CPolitical situation of a country
DFinancial statements of the company
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Question 236
jamb 2019

A market is said to be bullish if_________

AThere is a fail in prices of Securities
BThere is a rise in prices of Securities
CThere is a rise above the offer prices
DThe speculator fails to deliver stock to the buyer
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Question 237
jamb 2019

A fall in the value of a country's currency vis-a-vis other currencies is known as__________

ADepreciation
BReduction
CDevaluation
DExchange rate
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Question 238
jamb 2019

The theory of International trade is based on_________

APrinciples of management
BPrinciples of comparative cost
CPrinciple of double entry
DTheory of migration
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Question 239
jamb 2019

A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

ASubsidiary
BSyndicate
CHolding Company
DParent company
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Question 240
jamb 2019

An example of vertical integration is___________

ATrust
BCartel
CMerger
DPrice Ring
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