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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.

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

52 questions
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Question 1 of 12 52 total questions
Question 21
waec 2000

When a country's total visible and invisible exports are more than its visible and invisible imports, it has?

Afavourable balance of payments
Bfavourable balance of trade
Cunfavourable balance of trade
Dunfavourable balance of payment
View Explanation & Discuss
Question 22
waec 2000

A refund of the duty collected on goods imported and processed for re-export is?

Aexcise duty
Bexcise draw back
Cpreferential duty
Dvalue added tax
View Explanation & Discuss
Question 23
waec 2000
Which of the following is not contained in an advice note?
ATypes of goods
BPrice of goods
CDate of dispatch
DMeans of dispatch
View Explanation & Discuss
Question 24
waec 2000
A consignment note is used when?
Agoods are wrapped and labelled for easy identification
Bgoods are dispatched to agent through transporters
Cdamaged goods are being returned
Dthere is over-invoicing
View Explanation & Discuss
Question 25
waec 2000

A retail outlet which sells a fairly narrow range of goods with a number of branches in different towns is a?

Asupermarket
Bmail-order shop
Cmobile shop
Dmultiple shop
View Explanation & Discuss
Question 26
waec 2000
A debenture is mortgaged when it is?
Anot secured on the the assets of a company
BSecured on the assets of a company
Cirredeemable
Dredeemable
View Explanation & Discuss
Question 27
waec 2000
Which of the following is true about cumulative preference shares?
AUnpaid dividends are carried forward
BShareholders can secure capital refund on demand
CShareholders are entitled to further share of profit
DDividends are paid into a special account
View Explanation & Discuss
Question 28
waec 2000
Which of the following is true about cumulative preference shares?
AUnpaid dividends are carried forward
BShareholders can secure capital refund on demand
CShareholders are entitled to further share of profit
DDividends are paid into a special account
View Explanation & Discuss
Question 29
waec 2000
The total value of fixed and current assets is?
Aworking capital
Bcapital employed
Cfixed capital
Dcapital owned
View Explanation & Discuss
Question 30
waec 2000

The coming together of two or more firms at different stages of production is?

Ahorizontal merger
Bvertical merger
Camalgamation
Dcartel
View Explanation & Discuss
Question 31
waec 2000

Which of the following is not a source of finance to a sole proprietor?

ATrade Credit
BOverdrafts
CDebentures
DLeasing of equipment
View Explanation & Discuss
Question 32
waec 2000
Which of the following can be defined as trade and aids to trade?
AAdvertising
BCommerce
CWholesaling
DRetailing
View Explanation & Discuss
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