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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.

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

50 questions
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Question 1 of 10 50 total questions
Question 21
jamb 2017
The fees charged on postal order by the post office is _____?
Ainterest
Bbrokerage
Cpoundage
Dpremium
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Question 22
jamb 2017
When a buyer has been overcharged for goods supplied, the seller issues a _______?
Adebit note
Bproforma invoice
Cletter of credit
Dcredit note
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Question 23
jamb 2017
The letters E and OE stands for __________?
AErrors of exception
BErrors and omissions excepted
CEstimated and order error
DEnd of error
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Question 24
jamb 2017

The process of converting a non-profit making organisation to a profit-making business is ________?

Aindigenisation
Bprivatisation
Cderegulation
Dcommercialisation
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Question 25
jamb 2017

At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?

Aan auctioneer
Ba broker
Ca liquidator
Dan auditor
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Question 26
jamb 2017
An instrument used in lieu of legal tender is known as ______?
AToken money
Bcommodity money
Cfiat money
Drepresentative
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Question 27
jamb 2017

The factor of production that is relatively indestructible and immobile is _______?

Acapital
Blabour
Cland
Drent
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Question 28
jamb 2017
An agreement that is enforceable in law is ________?
Aa contract
Ban offer
Can acceptance
Da consideration
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Question 29
jamb 2017
A bill of exchange already accepted can be discounted by the holder in ______?
Athe central bank
Bat least two banks
Chis bank
Dany bank
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Question 30
jamb 2017
Which of the following legislation aims primarily at the protection of consumers?
ALaw of contract
BTrade description Act
CCompany's Act
DPartnership Act
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