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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.

143 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

143 questions

Question 1 of 20 143 total questions

Question 21

neco 2009

Personal selling is important to a business because it can be used to

Adistract competitors

Bdistribute free samples

Csell custom-made products

Deffect labour - oriented pricing

View Explanation & Discuss

Question 22

neco 2009

An electronic system of communication which serves as the international information bank is called

Aan e-mail

Ba satellite

Ca telex

Dthe Internet

View Explanation & Discuss

Question 23

neco 2009

A hire purchase transaction becomes a sale when the hirer

Apays full cost of the goods

Bagrees with the hire purchase terms

Ctakes possession of the goods

Dpays part of the instalments

View Explanation & Discuss

Question 24

neco 2009

The price of an item is N 300 with a trade discount of 20%, What is the selling price?

AN180

BN240

CN300

DN360

Eno option

View Explanation & Discuss

Question 25

waec 2009

The cost of advertising is ultimately borne by the

Amanufacturer

Bconsumer

Cwholesaler

Dretailer

View Explanation & Discuss

Question 26

waec 2009

A place where dutiable goods are kept until duties on them are paid is known as

Aprivate warehouse

Bpublic warehouse

Cbonded warehouse

Dmanufacturer's warehouse

View Explanation & Discuss

Question 27

waec 2009

Which of the following is not a function of an entrepreneur?

ACo-ordination

BRisk-bearing

CEntertaining

DMaking decision

View Explanation & Discuss

Question 28

waec 2009

The post office service that allows a traveler without a fixed address to collect his letter is known as

Apost restante

Brecorded delivery

Cspeed post

Dexpress service

View Explanation & Discuss

Question 29

waec 2009

Which of the following note will be sent to a buyer to inform him that the goods he ordered have been dispatched?

AAdvice note

BDelivery note

CCredit note

DConsignment note

View Explanation & Discuss

Question 30

waec 2009

A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as

Agroup policy

Bwhole life policy

Cendowment policy

Dterm policy

View Explanation & Discuss

Question 31

waec 2009

Which of the following are exclusively functions of marketing?

ABuying, pricing, selling and promotion

BRisk-bearing, storage, production and transporting

COrganizing, risk-bearing, transporting and storage

DProduction, promotion, distribution and recruiting

View Explanation & Discuss

Question 32

waec 2009

The police and the army are engaged in

Adirect service occupation

Bindirect service occupation

Cindustrial occupation

Dprimary occupation

View Explanation & Discuss

Question 33

waec 2009

Which of the following is not a function of the commercial bank?

ACollection of deposit

BSafe custody services

CIssuing of currency

DAgents of payment

View Explanation & Discuss

Question 34

waec 2009

Life assurance premium is determined by the assured's

Aeducational level

Bage

Creputation

Dnumber of children

View Explanation & Discuss

Question 35

waec 2009

One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to

Asettle interbank indebtedness

Blend to poor countries

Coversee the activities of banks abroad

Dencourage trade liberalization

View Explanation & Discuss

Question 36

waec 2009

Who among the following has no voting right?

APreffered ordinary share holders

BOrdinary shareholders

CDeffered shareholders

DDebenture holders

View Explanation & Discuss

Question 37

waec 2009

Which of the following justifies the existence of public enterprises

AMaking quick decision

BCreating monopoly

CMaking profit for government

DProviding essential services

View Explanation & Discuss

Question 38

waec 2009

The owners of a public limited company are?

Aboard of directors

Bmanagement team

Cshareholders

Dgovernment

View Explanation & Discuss

Question 39

waec 2009

Which of the following is not an example of Marine insurance?

AFidelity

BHull

CCargo

DFreight

View Explanation & Discuss

Question 40

waec 2009

A sale agreement whereby the buyer takes possession but not title to the goods is

Acredit purchase

Bhire purchase

Cauction sales

Ddirect sales

View Explanation & Discuss

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