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.

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

99 questions
Question 1 of 20 99 total questions
Question 21
waec 2012

Buildings and machinery used in the running of a business are examples of

Acurrent assets
Bintangible assets
Cliquid assets
Dfixed assets
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Question 22
waec 2012

When an insurance policy is declared void because of a false declaration ; the principle involved is

Aindemnity
Bsubrogation
Cproximate cause
Dutmost good faith
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Question 23
waec 2012

Those who are engaged in the distribution of goods belong to

Acommercial occupation
Bextractive industry
Cmanufacturing industry
Dconstruction industry
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Question 24
waec 2012

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

Atrade association
Btrade union
Cchamber of commerce
Dtrading partnership
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Question 25
waec 2012

A cheque drawn by a bank on itself is a/an

Adirect debit
Bbank draft
Cbank transfer
Doverdraft
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Question 26
waec 2012

Which of the following is an example of large-scale retailing?

AHawking
BMobile shops
CKiosks
DDepartment stores
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Question 27
waec 2012

The relationship between all imports and exports of a country is known as

Aterms of trade
Bbalance of trade
Cbalance of payment
Dterms of payment
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Question 28
waec 2012

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

AF.O.R
BC.I.F
CF.A.S
DLoco
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Question 29
waec 2012

An issuing house is an outlet for

Anew shares and bonds
Bnon-listed companies shares
Cexisting shares and bonds
Donly gilt-edged securities
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Question 30
waec 2012

The development of trade in West Africa was aided by the

Aemergence of traditional rulers
Barrival of the Portuguese
CIntroduction of tax payment
Dintroduction of money
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Question 31
jamb 2012

Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized

Acompanies
Bbrokers
Cinvestors
Dprincipals.
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Question 32
jamb 2012

If the rate of turnover of a company in 1999 was 4 times while the average stock was N 49,600, determine the turnover.

AN 199,400
BN 198,400
CN100,200
DN99,200
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Question 33
jamb 2012

A business organization must always consider the overall effect of its actions on the

Acompetitor
Bproduct
Cprofit
Dsociety
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Question 34
jamb 2012

The provision of quality and safe products which guarantee the health of consumers is an example of

Aquality control
Bprice control
Ccivic responsibility
Dsocial responsibility
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Question 35
jamb 2012

Modern means of payment is greatly facilitated by

Ae-commerce
Bpaper money
Ce-banking
Dcredit transfer
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Question 36
jamb 2012

Computers that process all data as binary zeros and ones are

Aanalog computers
Bdigital computers
Chybrid computers
Ddesktop computers
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Question 37
jamb 2012
Which of the following is a type of system software
Autility programmes
Bregisters
Chard drives
Dpackages
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Question 38
jamb 2012

The process of decoding data in a computer is known as

Adilution
Bdefault drive
Cdecryption
Ddata security
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Question 39
jamb 2012

The body which ensures that consumers are protected against harmful products in Nigeria is

ANAFDAC
BNDLEA
CSON
DCPC
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Question 40
jamb 2012

Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because

Aownership was transfered on completeion of installment
Bownership was transfered on delivery
CYahaya could not pass title to a third party
DAli was still indebted to Yahaya
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