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 2018

which of the following statement is true of a debenture?

Aits holders receive interest
Bit forms part of a company's authorized capital
Cits owners are co-owners of the company
Dits owners control the company
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Question 22
waec 2018

An association of businesses engaged in both trade and industry is a?

Aco-operative society
Btrade union
Ctrust fund
Dchamber of commerce
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Question 23
waec 2018

multilateral trade is carried out 

Abetween two countries only
Bwithin many countries
Camong many countries
Dbetween neighbouring countries only
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Question 24
waec 2018

The portion of share capital which the company has asked shareholder to pay is?

Acalled-up capital
Bauthorized capital
Cpaid-up capital
Dunpaid capital
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Question 25
waec 2018

which of the following is a source of short term finance

Ahire purchase
Boverdraft
Clease
Ddebenture
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Question 26
waec 2018

one disadvantage of a sole proprietorship is?

Aquick decision making
Bunlimited liability
Cpride of ownership
Dunlimited source of capital
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Question 27
waec 2018

one example of of a product of a construction industry is a

Achair
Bbag of cement
Cpiece of cloth
Dtelevision
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Question 28
waec 2018

A person authorized to sell the property of a company in a winding up is 

Aan auctioneer
Ban agent
Ca liquidator
Da bailee
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Question 29
waec 2018

Activities which fascilitates commerce include

Aengaging youths in environmental sanitation
Bfunding political campaigns
Cproviding recreational facilities
Dimproving road network
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Question 30
waec 2018

A document through which invitation is extended to the public to subscribe to shares is?

Aarticle of association
Bmemorandum of association
Cprospectus
Dqoutation
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