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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.

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

95 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 20 95 total questions
Question 21
waec 2008
The charges imposed by the government on locally manufactured goods is called
Acustoms duties
Bexcise duties
Ctariffs
Dquota
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Question 22
waec 2008
The process of making goods attractive and easy to handle is
Abranding
Bmerchandising
Cpackaging
Dlabelling
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Question 23
waec 2008
Farmers and all other workers concerned with getting raw materials from the earth are engaged in
Acommercial occupation
Bmanufacturing occupation
Cconstructive occupation
Dextractive occupation
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Question 24
waec 2008
Babou Penn, a fisherman says he has all necessary materials to go to sea today, except the captain of his boat . Captain here as a factor of production refers to
Aenterpreneur
Bcapital
Clabour
Dland
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Question 25
waec 2008
Production is defined as
Aan industrial activity
Bcreation of utilities
Cthe exchange of goods and services
Dchanging of raw materials into finished goods
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Question 26
waec 2008
Which of the following is not a function of commerce?
AFacilitates mass production of goods
BAssists in raising capital
CCreates goods and services
DOffers employment
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Question 27
waec 2008
Commerce can be defined as the
Aexchange of goods and services
Bdistribution and exchange of goods and services
Cdistribution of services at home
Dexport of services
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Question 28
jamb 2008

Which software program can be used to generate financial reports from a company's client list?

AMS Word
BDatabase
CMS Excel
DAdobe
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Question 29
jamb 2008

A computer component that decodes and interprets instructions and also directs program implementation is?

Amemory unit
Bcentral processing unit
Ccontrol unit
Dsystem unit
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Question 30
jamb 2008

Which of the following is a form of social responsibility of a business?

ASelling goods at cheaper prices
BUsing the best technology available
CMaintaining tidy and safe environment
DMeeting contractor's obligations
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Question 31
jamb 2008

A factor in a business environment which increases the rate of product obsolescence is?

Atechnology
Bpolitical
Clegal
Deconomic
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Question 32
jamb 2008

The practice whereby government relinquishes its ownership interest in a public enterprises is?

Acommercialization
Bindegenization
Cprivatization
Dnationalization
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Question 33
jamb 2008

The body charged with divesting government interests in public enterprises is?

ASON
BNPC
CBPE
DNDE
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Question 34
jamb 2008

When an employee incurs expenses while executing his normal duty, the employer is responsible for his?

Asafety
Bfamily's security
Cfamily's welfare
Dindemnification
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Question 35
jamb 2008
The implied provisions in every sale of goods as contained in the Sales of Goods Act of 1893 are conditions and?
Aconsideration
Bsureties
Cwarranties
Dguaranties
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Question 36
jamb 2008

An agreement between two parties which is enforceable by law is a?

Apromise
Bwarranty
Ccontract
Dcondition
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Question 37
jamb 2008

The coordinating section of the central processing unit that manages the flow of data is the?

Aarithematic logic unit
Bcontrol unit
Cmagnetic unit
Dregister
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Question 38
jamb 2008

An example of a non-insurable risk is?

Aburglary
Bspeculation
Cfire
Daccident
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Question 39
jamb 2008

The sum of money paid by a policy-holder to an insurer is referred to as?

Ainterest
Bpremium
Cgross profit
Dsales revenue
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Question 40
jamb 2008

A historical building is a feature of?

Acultural tourism
Bindustrial tourism
Cagricultural tourism
Decological tourism
View Explanation & Discuss
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