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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.

78 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

78 questions

Question 1 of 20 78 total questions

Question 21

waec 2005

Partnership form of business is most appropriate

Awhere proffessionals are needed

Bfor non-profit making ventures

Cwhere very large capital is required

Dwhere the liability of members is limited

View Explanation & Discuss

Question 22

waec 2005

Partnership form of business is most appropriate

Awhere proffessionals are needed

Bfor non-profit making ventures

Cwhere very large capital is required

Dwhere the liability of members is limited

View Explanation & Discuss

Question 23

waec 2005

Which of the following would not affect the form of a business unit

AAvailability of raw materials

Bthe type of business

Cnumber of persons involved

Dthe capital size

View Explanation & Discuss

Question 24

waec 2005

The fee which the bank charges for services rendered to their current account customers is

Acommission on turnover

Bbank rate

Cminimum lending rate

Dinterest

View Explanation & Discuss

Question 25

waec 2005

The distribution of profits based upon the level of patronage in the business is a common feature of

Apartnership firms

Bpublic limited companies

Cco-operative societies

Dprivate limited companies

View Explanation & Discuss

Question 26

waec 2005

An advantage of a public limited company over a private one is the

Alimited liability of share holders

Beasy transferability of shares

Caccess to retained earnings

Dless taxation by government

View Explanation & Discuss

Question 27

waec 2005

Production is defined as

Aan industrial undertaking

Bcreation of utility

Cearning one's daily bread

Dthe changing of raw materials

View Explanation & Discuss

Question 28

waec 2005

Which of the following coordinates other factors of production to achieve set objectives?

ALand

BLabour

CEnterpreneur

DCapital

View Explanation & Discuss

Question 29

waec 2005

Farming is an activity that falls under?

Atertiary occupation

Bcommercial occupation

Cextractive occupation

Dsecondary occupation

View Explanation & Discuss

Question 30

waec 2005

Which of the following is an advantage of indigenization ?

AChecks exploitation by citizens

BBusiness risks are shared

CFosters self-reliance

DLeads to monopoly of power

View Explanation & Discuss

Question 31

waec 2005

The form of trade practiced by the early men was characterized by

Aexchange of goods for money

Befficient distribution system

Cexchange of goods for goods

Dorganized warehousing

View Explanation & Discuss

Question 32

waec 2005

Which of the following is not suitable for fire purchase?

ATextiles

BFurniture

CRefrigerators

DPrinting machine

View Explanation & Discuss

Question 33

waec 2005

Which of the following encourages trade between regions?

ADifferences in currencies of countries

BDifference in national income of countries

CExistence of trade associations

DDifferences in natural resources

View Explanation & Discuss

Question 34

waec 2005

Terms of trade is the?

Arate at which the central bank discounts first class bills

Brate at which a country's exports exchange for its imports

Cexpected rate of returns on an investment

Drate of payment for goods and services purchased

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Question 35

waec 2005

Which of the following is a feature peculiar to multiple shops?

ACentral location

BSelf service

CCentral buying

DOne stop shopping

View Explanation & Discuss

Question 36

waec 2005

Which of the following is a feature peculiar to multiple shops?

ACentral location

BSelf service

CCentral buying

DOne stop shopping

View Explanation & Discuss

Question 37

waec 2005

A manufacturer of goods that are seasonally will be in dire need of a?

Awealthy customer

Bsuitable means of transport

Cwarehouse

Dlarge shop frontage

View Explanation & Discuss

Question 38

waec 2005

A manufacturer of goods that are seasonally will be in dire need of a?

Awealthy customer

Bsuitable means of transport

Cwarehouse

Dlarge shop frontage

View Explanation & Discuss

Question 39

waec 2005

Which of the following will not be considered in choosing a channel of distribution?

ANature of product

BPreferences of consumers

CVolume of sales

DQuality of product

View Explanation & Discuss

Question 40

waec 2005

Who among the following cannot be regarded as an itinerant trader?

AGypsy

BBarrow toy

CPediar

DStall owner

View Explanation & Discuss

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