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 261
waec 2015

which of the following is an aspect of marketing concept

Aproduct differentiation
Bsales orientation
Cconsumer orientation
Dprice differentiation
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Question 262
waec 2015

The reduction in the value of a country's currency in  relation to others is?

Are denomination
Bdevaluation
Cinflation
Ddeflation
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Question 263
waec 2015

Which of the following is classified under current assets

Amachinery
Bmotor vehicle
Cstock
Dfittings
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Question 264
waec 2015

The capital used in the day to day running of a business is?

Anominal capital
Bworking capital
Cpaid up capital
Dauthorized capital
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Question 265
waec 2015

Duty drawback refers to duties paid on?

Aexported goods produced with local content
Bre-exported goods previously imported
Cimported goods for sale locally
Dlocally manufactured goods for sale locally
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Question 266
waec 2015

Which of the following business units enjoys government subsidies

Aprivate limited company
Blimited partnership
Cpublic limited company
Dpublic enterprises
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Question 267
waec 2015

The term utmost good faith in insurance means?

Aboth the insured and insurer must disclose all information
Bonly the insurer must disclose all information
Cthe beneficiary must disclose all information
Donly the insured must disclose all information
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Question 268
waec 2015

which of the following is a function of the retailer to the wholesaler

Aproviding after sales services
Bproviding information on market trends
Csales of variety of goods
Dsales of goods in smaller quantities
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Question 269
waec 2015

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

Aa bounced cheque
Ba bearer cheque
Ca crossed cheque
Dan order cheque
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Question 270
waec 2015

which of the following workers is engaged in construction occupation

Amason
Bshop assistant
Cfarmer
Dtrain driver
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Question 271
waec 2015

what is the rate of turnover by BYX Enterprise

A5.0 times
B3.5 times
C3.0 times
D1.5 times
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Question 272
waec 2015

calculate the gross profit by BYX Enterprise

AD13,000
BD9,000
CD5,000
DD1,000
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Question 273
waec 2015

Which of the following activities is classified under extractive industry?

Aexploration of minerals
Bconstruction of roads
Ccanning of tomatoes purees
Dassembling of cars
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Question 274
waec 2015

The term consumer sovereignty means that?

Aseller is the king
Bproduct is supreme
Cbuyer is the king
Dproducer is the king
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Question 275
waec 2015

Which of the following aids to trade is used to stimulate demand for goods

Abanking
Btransport
Cinsurance
Dadvertising
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Question 276
waec 2015

The value of bamidele authorized share capital is?

AN160,000,000
BN100,000,000
CN65,000,000
DN40,000,000
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Question 277
waec 2015

An association that protects the interest of members in the same line of business is?

Aconsumer association
Btrade union
Ctrade association
Dchamber of commerce
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Question 278
waec 2015

Which of the following means of payment makes the bank both the drawer and drawee

Astanding order
Bbill of exchange
Cbank draft
Dopen cheque
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Question 279
waec 2015

How many countries make up the River Niger Basin commission

A16
B12
C10
D9
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Question 280
waec 2015

When a government acquires business enterprises formerly owned by individuals, it is termed?

Acommercialization
Bindigenization
Cprivatization
Dnationalization
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