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 2020

The document issued to a public company allowing it to commence business is the?

AArticle of association
Bcertificate of incorporation
Cmemorandum of association
Dcertificate of trading
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Question 22
waec 2020

A business unit in which savings of members are lent to others is a?

Aconsumer cooperative society
Bproducer cooperative society
Ccredit and thrift society
Dwholesale cooperative society
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Question 23
waec 2020

One advantage of sole proprietorship is that?

Aaccess to large capital is easy
Bdecisions are made promptly
Cbusiness risks are spread
Dcontinuity of business is assured
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Question 24
waec 2020

A partner whose name is used to boost the image of the business and does not contribute capital is a?

Adormant partner
Bgeneral partner
Climited partner
Dnominal partner
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Question 25
waec 2020

production is complete when product reach the?

Awarehouses
Busers
Cretailers
Dshops
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Question 26
waec 2020

The factor of production which bear all the risk of the business is?

Acapital
Bentrepreneurship
Clabour
Dland
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Question 27
waec 2020

Which of the following activities is not an example of the extractive industry?

Aweaving
Bquarrying
Chunting
Dfishing
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Question 28
waec 2020

A form of money which was not used in the early days to trade is?

Atobacco
Bmetal bars
Ccowries
Dcoins
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Question 29
waec 2020

The types of occupation that a broker belongs to is?

Acommercial
Bconstruction
Cextraction
Dmanufacturing
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Question 30
waec 2020

Commerce is defined as

Abuying and selling of goods and services only
Ball activities in the distribution and exchange of goods and services
Call activities involved in the production of goods and services
Dtransporting and warehousing of goods only
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