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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 251
jamb 2022

One of the functions of commerical banks that cannot be performed by central banks is

Acollection of old notes
Bcollection of deposits from the public
Cissuance of treasury bills
Dprinting of bank notes
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Question 252
jamb 2022

The quality of money which makes it possible to buy goods in small quantities is

Aportability
Bhomogeneity
Cdivisibility
Ddurability
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Question 253
jamb 2022

A country's visible balance of payment is made up of

Ainterest on loans to foreign countries
Bprofit from investment abroad
Cearnings from goods exported
Ddividend earned from companies
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Question 254
jamb 2022

A retail store that sells a single product from a particular manufacturer is a

Atied shop
Bshopping mail
Chypermarket
Dchain store
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Question 255
jamb 2022

Which of the following groups would advocate for the supply of constant electricity to households?

AConsumer's association
BCredit union
CEmployer's association
DLabour union
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Question 256
jamb 2022

A partner who contributes only his name to the formation of a partnership is

Aa nominal partner
Ba limited partner
Ca general partner
Dan active partner
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Question 257
jamb 2022

Use the information below to answer questions 13 and 14

 

  #
Sales 50,000.00
Debtors 10,000.00
Cash in hand 5,000.00
Opening stock 30,000.00
Creditors 8,000.00
Purchases 16,000.00
Overdraft 12,000.00
Closing stock 10,000.00
A#35,000.00
B#20,000.00
C#15,000.00
D#14,000.00
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Question 258
jamb 2022

Use the information below to answer questions 13 and 14

  #
Sales 50,000.00
Debtors 10,000.00
Cash in hand 5,000.00
Opening stock 30,000.00
Creditors 8,000
A#35,000.00
B#20,000.00
C#5,000.00
D#14,000.00
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Question 259
jamb 2022

An internal source of finance to an enterpreneur is

Atrade
Bretained earning
Coverdraft
Ddebenture
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Question 260
jamb 2022

Which of the following documents would a shareholder inspect to know his voting rights?

AArticles of Association
BCertificate of Incorporation
CCertificate of Trading
DMemorandum of Association
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Question 261
jamb 2022

A retail business that sells goods by post, using catalogue is a

Achain store
Bdepartment store
Cmail order firm
Dshopping mail
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Question 262
jamb 2022

Average stock is derived by adding

Aclosing stock to purchase divided by 2
Bclosing stock to opening stock
Copening stock to closing stock divided by 2
Dopening stock to purchases
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Question 263
jamb 2022

A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

Awholesaler cooperative society
Bthrift and credit society
Cconsumer cooperative society
Dchamber of commerce
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Question 264
jamb 2022

Which of the following organizations provide essential goods and services at low cost to citizens?

AThrift societies
BPublic enterprises
CPrivate companies
DCooperative societies
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Question 265
jamb 2022

The resources put together to create goods and services are

Aworking capital
Bproducer goods
Cfactors of production
Dconsumer goods
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Question 266
jamb 2022

The service of a retailer is part of production because it

Acreates a link between consumers and producers
Benables finished goods to reach consumers
Cincreases consumers standard of living
Dis a commercial occupation
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Question 267
jamb 2022

One of the products of the construction industry is a

Apiece of cloth
Bbag of cement
Ctelevision
Dchair
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Question 268
jamb 2022

The growth of commerce is not enhanced by

Adevelopment of modern forms of production
Bgovernment participation in business
Chigh population growth
Dlow per capita income
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Question 269
jamb 2022

The provision of services is classified under

Abatch production
Bflow production
Csecondary production
Dtertiary production
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Question 270
jamb 2022

An article used as a means of exchange in the early days of trade in West Africa was

Acedis
Bcowrie
Cdalasi
Dnaira
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