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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.

80 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

80 questions

Question 1 of 20 80 total questions

Question 21

jamb 2019

A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

ADebit note

BCredit note

CWarrant

DShipping note

View Explanation & Discuss

Question 22

jamb 2019

The headquarters of Niger Basin Commission is located at________

AAbuja

BNiamey

CLome

DNojamena

View Explanation & Discuss

Question 23

jamb 2019

Tourism involving residents of the given country travelling only within this country is called__________

ADomestic Tourism

BInbound Tourism

COutbound Tourism

DTraveller's Tourism

View Explanation & Discuss

Question 24

jamb 2019

The following development of money have therefore been the use of, except______

ACoins

BInconvertible paper money

CCommodities

DAbacus

View Explanation & Discuss

Question 25

jamb 2019

A responsibility to control environmental pollution is the responsibility of____

AThe business

BThe government

CThe consumer

DThe employee

View Explanation & Discuss

Question 26

jamb 2019

The factors to be considered in setting up retail trade include all except_____

ACapital

BExperience

CLocation

DAge

View Explanation & Discuss

Question 27

jamb 2019

Advantages of pipeline transport include all except_______

ALow maintenance cost

BIt is safe

CContinuous Flow of goods

DProne to leakages

View Explanation & Discuss

Question 28

jamb 2019

All but one is not a demerit of advertising?

AIt leads to monopoly

BBuyers can buy unnecessarily

CIncrease in profit

DHigh cost

View Explanation & Discuss

Question 29

jamb 2019

The scope of commerce is limited to________

Ahome and foreign trade

Bwholesaler and retail trade

Ctrade and aids to trade

Dwholesale and entreport trade

View Explanation & Discuss

Question 30

jamb 2019

A two-way process which involves sending and receiving of messages is referred to as__________

AAdvertisement

BCommunication

CMarketing

DTransportation

View Explanation & Discuss

Question 31

jamb 2019

A cheque that is payable to whoever presents it is known as______

Aorder cheque

Bopen cheque

Ccrossed cheque

Dbearer cheque

View Explanation & Discuss

Question 32

jamb 2019

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

APrompt cash

BCash on delivery

CSpot cash

DCash with order

View Explanation & Discuss

Question 33

jamb 2019

A commission charged on postal order is__________

Apostal zero

Bpostal orders

Cpoundage

Dbrokage

View Explanation & Discuss

Question 34

jamb 2019

One of these is not a factor affecting prices of securities?

AThe Forces of demand and supply

BActivities of speculators

CPolitical situation of a country

DFinancial statements of the company

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Question 35

jamb 2019

A market is said to be bullish if_________

AThere is a fail in prices of Securities

BThere is a rise in prices of Securities

CThere is a rise above the offer prices

DThe speculator fails to deliver stock to the buyer

View Explanation & Discuss

Question 36

jamb 2019

A fall in the value of a country's currency vis-a-vis other currencies is known as__________

ADepreciation

BReduction

CDevaluation

DExchange rate

View Explanation & Discuss

Question 37

jamb 2019

The theory of International trade is based on_________

APrinciples of management

BPrinciples of comparative cost

CPrinciple of double entry

DTheory of migration

View Explanation & Discuss

Question 38

jamb 2019

A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

ASubsidiary

BSyndicate

CHolding Company

DParent company

View Explanation & Discuss

Question 39

jamb 2019

An example of vertical integration is___________

ATrust

BCartel

CMerger

DPrice Ring

View Explanation & Discuss

Question 40

jamb 2019

A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

AEconomic environment

BTechnological environment

CPolitical environment

DCultural environment

View Explanation & Discuss

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