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 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
waec 2024

Which of the following is not problem of  ECOWAS ?

Apursuit of different political ideologies
Bexistence of meagre resources in the member countries
CThe difference in colonial history
Ddisagreement of leadership
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Question 32
waec 2024

The act of reducing government intervention in business is 

Acommercialization
Bderegulation
Cmerger
Dprivatization
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Question 33
waec 2024

An objective of the Niger  Basin Commission is to 

Aenhance the development of irrigation systems
BEncourage the use of a common language
CEncourage free trade in the area
Dfacilitate the settlement of indebtedness
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Question 34
waec 2024

One of the social responsibilities of a business to the community is

Aprovision of after sale service
Bpayment of salary
Censuring profitability
Dcontrolling pollution
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Question 35
waec 2024

An advantage of commercialization to consumers is that

Ait promotes inefficiency
Bit reduces loyalty of workers
CCustomers do not have a value for their money
Dprices of the product increase
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Question 36
waec 2024

A reason for the privatization of the petroleum industry is to 

Areduce the production of petroleum products
Breduce private businesses
CEncourage private businesses in the sector
DControl production in the sector
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Question 37
waec 2024

A document issued by the captain of a ship to acknowledge receipt of goods is a

Adock receipt
Bbill of lading
Cmate receipt
Dships manifest
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Question 38
waec 2024

The management function that provides guidance and supervision to subordinates is 

Aorganizing
Bplanning
Cdirecting
Dcontrolling
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Question 39
waec 2024

Internal and external factors that affect how business functions is 

Abusiness environment
Bbusiness structures
Cspan control
Dscalar chain
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Question 40
waec 2024

One of the legislation that protects consumers is the 

Acopyright act
Bcompany act
Cpartnership act
Dsales of good act
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