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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.

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

48 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 8 48 total questions
Question 21
waec 2013
Which of the following is not the function of commerce
Athe conversion of raw materials into semi-finished products
Bthe conversion of semi-finished products into end products
CProvision of services to customers
DThe exchange and distribution of goods and services
View Explanation & Discuss
Question 22
waec 2013

If a share is quoted ex-div, it means the new buyer would

Aget the next dividend
Bnot get the next dividend
Cget a fixed dividend
Dnot get any dividend
View Explanation & Discuss
Question 23
waec 2013

Voyage policy insurance is associated with

Afire
Blife
Cmarine
Dburglary
View Explanation & Discuss
Question 24
waec 2013

An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is

Aindemnity
Binsurable interest
Cproximate cause
Dsubrogation
View Explanation & Discuss
Question 25
waec 2013

A person who earns extra commission for guaranteeing debts is a

Afactor
Bbroker
Ccommission agent
Ddel-credere agent
View Explanation & Discuss
Question 26
waec 2013
Which of the following will be suitable for hire purchase sale?
AShares
BRefrigerator
CShoes
DTextile
View Explanation & Discuss
Question 27
waec 2013

Carriage forward on an invoice means

Acarriage will be paid next time
Bcarriage will be paid by seller
Ccarriage will be paid by buyer
Dcarriage has been paid
View Explanation & Discuss
Question 28
waec 2013

A document used as a polite way of refusing credit is

Aadvice note
Bquotation
Cproforma invoice
Dinvoice
View Explanation & Discuss
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