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 2012

Buildings and machinery used in the running of a business are examples of

Acurrent assets
Bintangible assets
Cliquid assets
Dfixed assets
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Question 22
waec 2012

When an insurance policy is declared void because of a false declaration ; the principle involved is

Aindemnity
Bsubrogation
Cproximate cause
Dutmost good faith
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Question 23
waec 2012

Those who are engaged in the distribution of goods belong to

Acommercial occupation
Bextractive industry
Cmanufacturing industry
Dconstruction industry
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Question 24
waec 2012

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

Atrade association
Btrade union
Cchamber of commerce
Dtrading partnership
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Question 25
waec 2012

A cheque drawn by a bank on itself is a/an

Adirect debit
Bbank draft
Cbank transfer
Doverdraft
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Question 26
waec 2012

Which of the following is an example of large-scale retailing?

AHawking
BMobile shops
CKiosks
DDepartment stores
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Question 27
waec 2012

The relationship between all imports and exports of a country is known as

Aterms of trade
Bbalance of trade
Cbalance of payment
Dterms of payment
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Question 28
waec 2012

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

AF.O.R
BC.I.F
CF.A.S
DLoco
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Question 29
waec 2012

An issuing house is an outlet for

Anew shares and bonds
Bnon-listed companies shares
Cexisting shares and bonds
Donly gilt-edged securities
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Question 30
waec 2012

The development of trade in West Africa was aided by the

Aemergence of traditional rulers
Barrival of the Portuguese
CIntroduction of tax payment
Dintroduction of money
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