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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.

144 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

144 questions

Question 1 of 20 144 total questions

Question 21

neco 2001

What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?

Acloser contact market trends, etc.

Bdecrease in bad debts

Cgreater intensiveness of the sales campaign

Dno trading discounts need be allowed

Esales are more accurately and efficiently made to the consumer

View Explanation & Discuss

Question 22

neco 2001

What is NOT the function of an entrepreneur?

Abearing risks

Bdeciding on tax to pay

Cdeciding what to produce

Dorganizing other factors

Eproviding initial capital

View Explanation & Discuss

Question 23

neco 2001

The word ‘Commerce’ means

Abuying and selling of goods and services

Bexchange and distribution of goods and services

Clife-blood of every nation

Dproduction of utilities

Etrade and all the services which assist trade

View Explanation & Discuss

Question 24

neco 2001

The Articles of Association of a company do NOT contain

Aa method of dealing with any alterations in the amount of capital

Ba method of sharing profits and the payment of dividends

Ca procedure for calling general meeting/method of voting

Dthe amount of the authorized capital, showing its division into shares

Ethe issue, transfer and forfeiture of shares

View Explanation & Discuss

Question 25

neco 2001

The feature of a supermarket is

Ahaving central control from head-office

Bsales common household goods

Csales of goods without owning shops

Dsimilarity in shops’ frontages

Ethat there are many shops under a roof

View Explanation & Discuss

Question 26

neco 2001

The bringing of ownership and management of a former private industry under the control of the government is called

Acorporation

Bindustrialization

Cnationalization

Dparticipation

Eprivatization

View Explanation & Discuss

Question 27

waec 2001

Which of the following is a means of payment to persons abroad through the post office?

APostal order

BCheque

Cbank draft

DTelegraphic money order

View Explanation & Discuss

Question 28

waec 2001

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

AHire purchase Act

BTrade Description Act

CFoods and Drugs Act

DSale of Good Act

View Explanation & Discuss

Question 29

waec 2001

A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?

Aa bull

Ba bear

Ca stag

Dan underwriter

View Explanation & Discuss

Question 30

waec 2001

The exchange of goods for goods in foreign trade is known as?

Avisible trade

Bsmuggling

Ccounter trade

Dentrepot trade

View Explanation & Discuss

Question 31

waec 2001

The greatest advantage of air transport over all other means of transport is it's?

Acomfort

Bsafety

Cspeed

Dflexibility

View Explanation & Discuss

Question 32

waec 2001

Product pricing, distribution and promotions are elements of?

Amarketing mix

Bmarketing research

Csales promotion

Dproduct orientation

View Explanation & Discuss

Question 33

waec 2001

An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?

Atrade associate

Bchamber of commerce

Ctrade union

Dcooperative society

View Explanation & Discuss

Question 34

waec 2001

The turnover of a company will improve if the company increases?

AAdvertising

Bprices of goods

Cproduction

Dwarehousing facilities

View Explanation & Discuss

Question 35

waec 2001

The term "21/4%40 days"refers to?

Amark-up

Btrade discount

Ccash discount

Dvalue added tax

View Explanation & Discuss

Question 36

waec 2001

Which of the following is a function of a warehouse?

AStabilizing prices

BIncreasing competition

CStimulating demand

DControlling quality

View Explanation & Discuss

Question 37

waec 2001

Which of the following is not feature of a department store?

ALocated at the centre of the city

BBulk buying

CAttractive layout

DSeling one line of goods

View Explanation & Discuss

Question 38

waec 2001

Which of the following is not a marketing function?

AAdvertising

BInsurance

CPackaging

DTransportation

View Explanation & Discuss

Question 39

waec 2001

A specially designed container to convey crude oil or liquid from another location to another is a?

Alaunche

Btanker

Cferry

Dcoaster

View Explanation & Discuss

Question 40

waec 2001

The portion authorized capital made available to the public for subscription is?

Acalled-up capital

Bpaid-up capital

Ccall in arrears

Dissued capital

View Explanation & Discuss

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