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 241
waec 2016

A clean bill of lading is so called because?

Ait shows record of damaged goods
Bit is not a stained bill
Cit is a document of authority
Dit shows no record of damaged goods
View Explanation & Discuss
Question 242
waec 2016

the value of fixed assets

AN72,000
BN47,000
CN35,000
DN25,000
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Question 243
waec 2016

what is the value of working capital

AN47,000
BN35,000
C25,000
D10,000
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Question 244
waec 2016

The value of current assets is?

AN35,000
BN32,000
CN25,000
DN10,000
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Question 245
waec 2016

which of the following allows a drawer of a document to correct any error

AC.I.F
BI.O.U
CC.W.O
DE.O.E
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Question 246
waec 2016

which of the following occupations are classified under the extractive industry

(i) cattle rearing, lumbering and farming

(ii) mining, quarrying and hunting

(iii) ship building, road construction and iron bending

(iv) singing, dancing and tailoring

Ai and iii only
Bi, ii and iv
Ci and ii
Dii, iii and iv
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Question 247
waec 2016

lack of permanent record for the message reciever is a disadvantage of?

Atelevision
Bdirect mail
Ccataloque
Dmagazine
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Question 248
waec 2016

An economy policy which encourages governement ownership of business is called?

Aprivatization
Bnationalization
Cindigenization
Dcommercialization
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Question 249
waec 2016

in a law of contract, a counter offer operates as?

Aan acceptance
Ba consensus
Ca rejection
Da contract
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Question 250
waec 2016

which of the following legislations aims primarily at protection of consumers

Alaw of contract
Btrade description act
Ccompany's act
Dpartnership act
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Question 251
waec 2016

The organized efforts of consumers to protect themselves against the unfair practices of businessmen is? 

Astrike
Bconsumerism
Cpicketing
Ddemonstration
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Question 252
waec 2016

The main concern of commerce is?

Acreate wealth
Bbuy and sell goods and services
Cexchange and distribution of goods and services
Dsatisfy all human wants
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Question 253
waec 2016

which of the folloing is an example of life insurance

Athird party policy
Bcomprehensive policy
Cfidelity guaranteed policy
Dendowment policy
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Question 254
waec 2016

Another name for a dishonoured cheque is?

Aan order cheque
Ba bounced cheque
Ca bearer cheque
Dan open cheque
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Question 255
waec 2016

Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?

Ahedging
Bprojection
Cforecasting
Dspeculation
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Question 256
waec 2016

where a number of insurance companies  are liable under one policy, the principle applicable is ?

Asubrogation
Bcontribution
Cindemnity
Dutmost good faith
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Question 257
waec 2015

The type of wholesaler that combines selling, delivery and collection in one operation is

Aspecialist wholesaler
Brack jobber
Cdrop shipment
Dtruck wholesaler
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Question 258
waec 2015

Which of the following is NOT backed by gold but by government securites?

AFiduciary note
BToken money
CCommodity money
DFiat money
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Question 259
waec 2015

The minimum lending rate of a bank is a component of its

Acurrent assets
Bdebit balances
Ccredit balance
Dfixed assets
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Question 260
waec 2015

the fee paid for transporting goods by ship is

Afare
Bfreight
Cdemurrage
Dcharges
View Explanation & Discuss
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