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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 231

jamb 2019

A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

AEconomic environment

BTechnological environment

CPolitical environment

DCultural environment

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Question 232

jamb 2019

The most important resources of business is_______

AHuman resources

BMoney resources

CMaterial resources

DOpportunities

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Question 233

jamb 2019

Examples of consumer goods include all except________

ANurse

BCars

CSpoon

DShoes

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Question 234

jamb 2019

One of these is not a major in the production process?

AProducers

BDistributors

CMarketers

DConsumers

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Question 235

jamb 2019

The policy used when contracts are awarded as a result of tender is________

Amarket penetration

Bmarket skimming

CBid Pricing

DProduct Line Pricing

View Explanation & Discuss

Question 236

jamb 2019

Thee major aim of consumer orientation is_________

Aconsumer satisfaction

Bconsumer sovereignty

Cwhat to produce

Dmarket research

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Question 237

jamb 2019

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

AThe type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be

BAviation Insurance

CMarine Insurance

DLife Assurance

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Question 238

jamb 2019

The risks that can be forecast and measured is termed___________

AGambling

BInsurable risks

CNon-Insurable risks

DIndenmity Insurance

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Question 239

jamb 2019

A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

AHardware

BSoftware

CComputer remedies

DVirus

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Question 240

jamb 2019

All but one is not an output devices?

AJoystick

BMonitor

CPlotter

DPrinter

View Explanation & Discuss

Question 241

jamb 2019

Examples of Commercial occupation are all except___________

ABankers

BTraders

CInsurers

DGoldsmith

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Question 242

jamb 2019

All but one does not provide an Indirect Service?

ACustom Officers

BFamily Doctors

CCivil Servants

DLaw Makers

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Question 243

jamb 2019

In Nigeria, it is mandatory for all business enterprises to be registered with the________

AGovernment

BCorporate Affairs Commission

CAgent

DEnterprise

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Question 244

jamb 2019

In a law of contract, what is given in exchange for a promise to perform is_____

Aoffer

Bacceptance

Cwarranty

Dconsideration

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Question 245

jamb 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate Current liabilities

A100

B6000

C600

D3000

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Question 246

jamb 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate Fixed assets

A6500

B2000

C4900

D600

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Question 247

jamb 2019

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate Current assets

A1600

B1060

C1500

D600

View Explanation & Discuss

Question 248

jamb 2019

The process of winding up or bringing a company to an end is________

ADissolution

BLiquidation

CIntegrating

DMerger

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Question 249

jamb 2019

In the formation of a united liability company, the following documents are prepared except_______

AMemorandum of Association

BArticle of Association

CStatement of Nominal Capita

DProspectus

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Question 250

jamb 2019

One of the disadvantages of Sole Proprietorship is__________

AIt requires small operations

BIt involves small capital

CIt lacks specialization

DGrants from government

View Explanation & Discuss

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