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 2024

A  disadvantage of a sole trader is that they pay 

Apay tax to the government
Bhas limited liability
Chas unlimited liability
Ddoes not share profit with others
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Question 22
waec 2024

The process of making goods and proving services for consumption is

Aexchange
Boccupation
Cproduction
Dspecialization
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Question 23
waec 2024

Ship building is an activity under 

Acommercial occupation
Bindirect service
Cindustrial occupation
Ddirect service
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Question 24
waec 2024

A partner who loses his capital only, in case of bankruptcy, is a 

Aa normal partner
Ba limited partner
Cgeneral partner
Dan active partner
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Question 25
waec 2024

An example of an entrepreneur is a

Aboard member
Bdebenture holder
Cbank manager
Dsole proprietor
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Question 26
waec 2024

An example of an entrepreneur is a

Aboard member
Bdebenture holder
Cbank manager
Dsole proprietor
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Question 27
waec 2024

A source of finance peculiar to public companies is 

Asales of shares
Bpersonal savings
Cmembership contribution
Dborrowing from friends
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Question 28
waec 2024

Conversion of raw materials into finished goods is?

Atertiary production
Bsecondary production
Cprimary production
Dbatch production
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Question 29
waec 2024

The major setback of e-commerce in West Africa is?

Aunbalance economic growth
Bpoor communication infrastructure
Cpolitical interference
Dlack of industries
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Question 30
waec 2024

The development of commerce was promoted by 

Awarehousing
Btransportation
Cspecialization
Dmanufacturing
View Explanation & Discuss
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