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.

49 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

49 questions
Question 1 of 9 49 total questions
Question 21
jamb 2011

One of the functions of a retailer is the?

Afinancing of production activities
Bprovision of credit facilities to relations
Cprovision of jobs for customers
Dbreaking of bulk
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Question 22
jamb 2011

An individual that links the producer with the retailer is?

Aan agent
Ba wholesaler
Can entrepreneur
Da principal
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Question 23
jamb 2011
Which of the following is a limitation of division of labour?
ADecline in craftmanship
BMonotony of work
CReduction in output
DReduction in labour force
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Question 24
jamb 2011

Resources obtained from the extractive sector that are transformed into finished products are examples of?

Aprimary production
Btertiary production
Cdirect production
Dsecondary production
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Question 25
jamb 2011

The creation of goods and services to satisfy human wants is referred to as?

Amanufacturing
Bcommercialization
Cproduction
Dentrepreneurship
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Question 26
jamb 2011

Service rendered to the public is provided by?

Agovernement
Bcivil servants
Cprofessionals
Ddomestic servants
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Question 27
jamb 2011

An oil exploration company is engaged in?

Atertiary production
Bconstructive occupation
Cextractive occupation
Dsecondary production
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Question 28
jamb 2011

The three main classification of occupation are?

Aconstruction, trade and services
Bmanufacturing, industry and services
Cfarming, banking and trading
Dindustry, commerce and services
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Question 29
jamb 2011

The most important function of commerce is in?

Aenhancing business relationships
Bhelping people to improve their profits
Cfacilitating exchange among individuals and firms
Dassisting trade through banking and insurance
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