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 2025

One of the disadvantages of selling on credit is

Aincrease in bad debts
Bincrease in liquidity
Creduction in profit
Dreduction in turnover
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Question 22
waec 2025

A group of people representing a cross-section of business interests in an area is

Aemployer's association
Bchamber of commerce.
Cmanufacturers' association
Dconsumer's association
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Question 23
waec 2025

Which of the following businesses can raise capital through the stock exchange?

ASole proprietorship
BPrivate company
CCooperative society
DPublic company
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Question 24
waec 2025

The reward for land as a factor of production is

Ainterest
Bprofit
Crent
Dwage
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Question 25
waec 2025

Which type of occupation is a carpenter engaged in?

ACommercial
BConstruction
CExtraction
DManufacturing
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Question 26
waec 2025

The word "limited" written after the name of a company means that

Aprofit is determined by management
Bmembers are liable to the extent of their shareholdings only
Cthe company is a going concern
Dit has a democratic system of management
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Question 27
waec 2025

All activities geared towards the distribution and exchange of goods and services is

Apersonal selling
Btrade
Cmarket survey
Dcommerce
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Question 28
waec 2025

An example of a primary product is

 

Acocoa
Btextile
Cpalm oil
Dflour
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Question 29
waec 2025

The process of changing raw materials into finished goods is

Amarketing
Bextraction
Cmanufacturing
Dconstruction
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Question 30
waec 2025

Commerce started as a result of

Acompetition
Bprivatization
Cspecialization
Ddistribution
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