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
Question 1 of 10 50 total questions
Question 21
waec 2010

A company whose shares are not easily transferable is a

Aprivate limited company
Bpublic limited company
Cpublic corporation
Dcompany limited by guarantee
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Question 22
waec 2010

The selling of articles from place to place on foot is

Amail order
Bitinerant trading
Cbarter
Dself service
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Question 23
waec 2010

One roof containing a number of shops is a

Atied shop
Bmail order firm
Cdepartment store
Dchain store
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Question 24
waec 2010

The import of foreign-produced goods to be re-exported is known as

Adomestic trade
Bwholesale trade
Centrepot trade
Dcounter trade
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Question 25
waec 2010
Which of the following factors is not to be considered in starting a retail trade?
ASize of the business
BNature of the business
CAmount of capital required
DLevel of tax payable
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Question 26
waec 2010

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

Abuy from many manufacturers
Bmaintain personal relationship with customers
Cstock only one line of goods in their stalls
Ddo not separate business money from personal money
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Question 27
waec 2010

Which of the following describes the reason for international trade

ABalance of payment
BComparative cost advantage
CAbsolute cost advantage
DBalance of trade
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Question 28
waec 2010

If a businessman wants to insure against dishonesty of the cashier, he will take

Aburglary policy
Ban employer's liability cover
Ca fidelity guarantee cover
Da consequential loss policy
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Question 29
waec 2010

Which of the following can quote its shares on the stock exchange

APartnership
BSole-proprietorship
CCo-operative society
DPublic limited company
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Question 30
waec 2010

A bonded warehouse is a place for keeping

Acontraband goods
Bdutiable goods
Ctax free goods
Dsmuggled goods
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