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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.

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

97 questions
All JAMB WAEC NECO CUSTOM
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Question 1 of 20 97 total questions
Question 21
waec 2013
Which of the following is not the function of commerce
Athe conversion of raw materials into semi-finished products
Bthe conversion of semi-finished products into end products
CProvision of services to customers
DThe exchange and distribution of goods and services
View Explanation & Discuss
Question 22
waec 2013

If a share is quoted ex-div, it means the new buyer would

Aget the next dividend
Bnot get the next dividend
Cget a fixed dividend
Dnot get any dividend
View Explanation & Discuss
Question 23
waec 2013

Voyage policy insurance is associated with

Afire
Blife
Cmarine
Dburglary
View Explanation & Discuss
Question 24
waec 2013

An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is

Aindemnity
Binsurable interest
Cproximate cause
Dsubrogation
View Explanation & Discuss
Question 25
waec 2013

A person who earns extra commission for guaranteeing debts is a

Afactor
Bbroker
Ccommission agent
Ddel-credere agent
View Explanation & Discuss
Question 26
waec 2013
Which of the following will be suitable for hire purchase sale?
AShares
BRefrigerator
CShoes
DTextile
View Explanation & Discuss
Question 27
waec 2013

Carriage forward on an invoice means

Acarriage will be paid next time
Bcarriage will be paid by seller
Ccarriage will be paid by buyer
Dcarriage has been paid
View Explanation & Discuss
Question 28
waec 2013

A document used as a polite way of refusing credit is

Aadvice note
Bquotation
Cproforma invoice
Dinvoice
View Explanation & Discuss
Question 29
jamb 2013

Use the above table to answer this question

What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?

AIndemnity
BInsurable interest
CUberrimae fidei
DSubrogation
View Explanation & Discuss
Question 30
jamb 2013

Use the table above to answer this question

If Mr. N takes a fire insurance policy with average clause, his compensation will be

AN 5000
BN 7, 500
CN 70, 000
DN 75, 000
View Explanation & Discuss
Question 31
jamb 2013

The difference between indemnity insurance and non-indemnity insurance is that the latter provides

Acover for exporters against risks
Bcover for importers against risks
Cfull payment to the insured
Dconsolation payment to the insured
View Explanation & Discuss
Question 32
jamb 2013

A computer accessory through which information can be retrieved is the

Ahard disk
Binput device
Ccontrol unit
Dfloppy disk
View Explanation & Discuss
Question 33
jamb 2013
The environmental hazard that is most difficult to control is
Aland pollution
Bwater pollution
Cair pollution
Dpolitical unrest
View Explanation & Discuss
Question 34
jamb 2013

A major factor that affects business operations is

Atechnology
Bsupply
Cproduct
Drivalry
View Explanation & Discuss
Question 35
jamb 2013

To meet security requirements before gaining access to data, a computer operator supplies

Aan e-mail address
Ba yahoo address
Ca password
Da modem
View Explanation & Discuss
Question 36
jamb 2013

The type of computer software used mainly for management information is

Acorel draw
Bautocad
Cdata base
Dword perfect
View Explanation & Discuss
Question 37
jamb 2013

The physical component of a computer system is

Asoftware
Bhardware
Chard disk
Dfloppy disk
View Explanation & Discuss
Question 38
jamb 2013

The process of transferring data from one computer to another is referred to as

Adownloading
Bfaxing
Cbrowsing
Ddecoding
View Explanation & Discuss
Question 39
jamb 2013

The sole legal right held by the author to publish his book is

Atrademark
Bcopyright
Cpatent right
Dbookmark
View Explanation & Discuss
Question 40
jamb 2013

A contract can be terminated through

Aphysical combat
Bfamily intervention
Cfrustration
Dconsultation
View Explanation & Discuss
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