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.

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

51 questions
Question 1 of 11 51 total questions
Question 21
waec 2019

A stock exchange broker is engaged in

Aconstruction occupation
Bcommercial occupation
Cextractive occupation
Dmanufacturing occupation
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Question 22
waec 2019

A means of payment through the post office is

Astanding order
Bmoney order
Cdebit order
Dcredit card
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Question 23
waec 2019

The factor of production that is fixed in nature is

Aland
Blabour
Centrepreneurship
Dcapital
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Question 24
waec 2019

Where there is no deed of partnership, members share profit on

Athe basis of participation
Bthe basis of shares held
Cpatronage basis
Dequal basis
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Question 25
waec 2019

The type of business where management is separated from ownership is a 

Asole proprietorship
Bpublic company
Cpartnership
Dcooperative society
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Question 26
waec 2019

The problem of double coincidence of wants is that

Ait is hard to determine the exchange rate of goods
Bit does not encourage purchase of large quantities and varieties
Cdeferred payment is not possible because goods exchange are not durable
Done has to find someone who wants his surplus and also has what he needs
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Question 27
waec 2019

Computer manufacturers in an area could a form of a

Aproducer association
Bthrift society
Cchamber of commerce
Dconsumer association
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Question 28
waec 2019

A partner whose only contribution to the partnership is his name and goodwill is

Aan active partner
Ba limited partner
Ca nominal partner
Da sleeping partner
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Question 29
waec 2019

Rent is the return on

Aa loan
Blabour
Cland
Da share
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Question 30
waec 2019

E-commerce is an activity which involves

Atrading in products through the post office
Btrading in products through the internet
Cbuying and selling of products through telegram messages
Dbuying and selling of products through fax messages
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Question 31
waec 2019

A firm which turns timber into wooden office desks belongs to the

Aextractive industry
Bdirect service industry
Cindirect service industry
Dconstruction industry
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