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 21
waec 2025

One of the disadvantages of selling on credit is

Aincrease in bad debts
Bincrease in liquidity
Creduction in profit
Dreduction in turnover
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Question 22
waec 2025

A group of people representing a cross-section of business interests in an area is

Aemployer's association
Bchamber of commerce.
Cmanufacturers' association
Dconsumer's association
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Question 23
waec 2025

Which of the following businesses can raise capital through the stock exchange?

ASole proprietorship
BPrivate company
CCooperative society
DPublic company
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Question 24
waec 2025

The reward for land as a factor of production is

Ainterest
Bprofit
Crent
Dwage
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Question 25
waec 2025

Which type of occupation is a carpenter engaged in?

ACommercial
BConstruction
CExtraction
DManufacturing
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Question 26
waec 2025

The word "limited" written after the name of a company means that

Aprofit is determined by management
Bmembers are liable to the extent of their shareholdings only
Cthe company is a going concern
Dit has a democratic system of management
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Question 27
waec 2025

All activities geared towards the distribution and exchange of goods and services is

Apersonal selling
Btrade
Cmarket survey
Dcommerce
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Question 28
waec 2025

An example of a primary product is

 

Acocoa
Btextile
Cpalm oil
Dflour
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Question 29
waec 2025

The process of changing raw materials into finished goods is

Amarketing
Bextraction
Cmanufacturing
Dconstruction
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Question 30
waec 2025

Commerce started as a result of

Acompetition
Bprivatization
Cspecialization
Ddistribution
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Question 31
jamb 2025

The document issued by the registrar of companies to permit a public limited company to commence business is

 

AMemorandum of Association
BArticle of Association
CTrading certificate
DCertificate of Incorporation
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Question 32
jamb 2025

The purpose for which the Central Bank sells securities is to

 

Areduce the interest rate
Bincrease the interest rate
Cincrease cash in the economy
Dreduce cash in the economy
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Question 33
jamb 2025

The grading of products to satisfy different buyers is referred to as?

 

 

AProduct differentiation
BProduct line
CProduct concept
DProduct mix
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Question 34
jamb 2025

A put option in the stock exchange is an option

 

Ato buy
Bnot to sell
Cnot to buy
Dto sell
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Question 35
jamb 2025

The part of issued share capital that the company has asked the subscribers to pay for

 

Anominal capital
Bpaid-up capital
Cauthorized capital
Dcalled-up capital
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Question 36
jamb 2025

The saying that the 'consumer is always right' describes the doctrine of

 

Aconsumer protection
Bproximate cause
Cconsumer sovereignty
Dcaveat emptor
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Question 37
jamb 2025

An example of in invisible item of trade is

 

Atextile
Bmachinery
Coil
Dshipping
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Question 38
jamb 2025

All activities geared towards the distribution and exchange of goods and services is

 

Acommerce
Bmarket survey
Cpersonal selling
Dtrade
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Question 39
jamb 2025

The mode of transport that conveys goods at low cost per unit is

 

Arail
Bair
Croad
Dpipeline
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Question 40
jamb 2025

Which of the following is not pre-sale service?

 

ARepair and maintenance work
BSetting up facilities for storing the product to be bought
CDemonstrating the use and performance of the product to be sold
DProviding detailed information about the goods to be purchased
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