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 261
jamb 2018

When does production ends?

AWhen the goods are distributed to the wholesalers
BWhen the goods reaches the retailer
CWhen the goods reaches the final consumers
DWhen the goods are fully packaged
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Question 262
jamb 2018

An arrangement by independent firms to share the market of their products on quota basics Is referred to as

ACartel
BSyndicate
CTrust
DIntegration
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Question 263
jamb 2018

What is the difference between current assets and current liabilities?

AWorking capital
Bnominal capital
Ccapital employed
Dissued capital
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Question 264
jamb 2018

What’s the first form an applicant must complete before taking an insurance policy?

ACover note
Badvice note
Cproposal form
Dcertificate of insurance
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Question 265
jamb 2018

Goods and services are made available to consumers through

AThe advertising agency
BSales promotion
CThe channel of distribution
DThe middle men
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Question 266
jamb 2018

The internet is a system of telecommunication used for

AThe internet is a system of telecommunication used for providing a variety of information and communication facilities,
BCommunicating long distance messages
CSending and receiving text messages
DCommunicating messages through telegrams
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Question 267
jamb 2018

The satisfaction of consumer is best explained by

AProduct mix
BMarketing concept
Cmarketing mix
Dmarket segmentation
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Question 268
jamb 2018

Balance of payment consist of ----------- and ---------- items

ACredit and loss
Bvisible and non-visible
Cvalid and invalid
Dincome and expenditure
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Question 269
jamb 2018

The elements in marketing mix that ensures goods are available when and where needed is

APromotion
Bprice
Cproduct
Dplace
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Question 270
jamb 2018

Why will a cheque be dishonored?

ARegular signature
Bhigh amount of money written on the cheque
Cinsufficient funds
Dgeneral crossing
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Question 271
jamb 2018

When does the buyer in a hire purchase becomes the owner of the goods?

AWhen all installments have been fully paid
BAfter payment of the first installment
CBefore the payment of the first installment
DWhen half of the purchased price has been paid
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Question 272
jamb 2018

One of the principles of insurance is

AProximate cause
BFidelity guarantee
CConsequential loss
DSurrender value
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Question 273
jamb 2018

A disadvantage of personal selling is that it

AIncrease a company’s number of customers
BReduces a company area of patronage
CIncreases a company’s operating costs
DDecreases a company’s operating costs
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Question 274
jamb 2018

What do we call agreement between two people enforced by law?

AConsideration
Boffer
Ccontract
Dagreement
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Question 275
jamb 2018

Distribution of goods belongs to

AConstruction industry
Bextractive industry
Cmanufacturing industry
Dcommercial industry
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Question 276
jamb 2018

An organization which focuses on consumers satisfaction is practicing

AMarketing concepts
BSelling concepts
CConsumerism
DMarket segmentation
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Question 277
jamb 2018

The sale of second hand securities is done in which market

ABuilding society
Bcooperative society
Cstock exchange
Dcapital market
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Question 278
jamb 2018

One of the major disadvantages of pipeline transportation is its

AHigh maintenance cost
BHigh cost of construction
CLimitation in scope
DVulnerability to climate changes
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Question 279
jamb 2018

In a public limited liability company, planning is carried out by

AEmployees
BThe chairman of the board
CShareholders
DManufacturer’s warehouse
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Question 280
jamb 2018

The two main categories under which marine losses fall into are

ATotal loss and partial loss
BVoyage policy loss and time policy loss
CParticular loss and average loss
DActual loss and general loss
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