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.

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

98 questions
Question 1 of 20 98 total questions
Question 21
waec 2016

lack of permanent record for the message reciever is a disadvantage of?

Atelevision
Bdirect mail
Ccataloque
Dmagazine
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Question 22
waec 2016

An economy policy which encourages governement ownership of business is called?

Aprivatization
Bnationalization
Cindigenization
Dcommercialization
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Question 23
waec 2016

in a law of contract, a counter offer operates as?

Aan acceptance
Ba consensus
Ca rejection
Da contract
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Question 24
waec 2016

which of the following legislations aims primarily at protection of consumers

Alaw of contract
Btrade description act
Ccompany's act
Dpartnership act
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Question 25
waec 2016

The organized efforts of consumers to protect themselves against the unfair practices of businessmen is? 

Astrike
Bconsumerism
Cpicketing
Ddemonstration
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Question 26
waec 2016

The main concern of commerce is?

Acreate wealth
Bbuy and sell goods and services
Cexchange and distribution of goods and services
Dsatisfy all human wants
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Question 27
waec 2016

which of the folloing is an example of life insurance

Athird party policy
Bcomprehensive policy
Cfidelity guaranteed policy
Dendowment policy
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Question 28
waec 2016

Another name for a dishonoured cheque is?

Aan order cheque
Ba bounced cheque
Ca bearer cheque
Dan open cheque
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Question 29
waec 2016

Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?

Ahedging
Bprojection
Cforecasting
Dspeculation
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Question 30
waec 2016

where a number of insurance companies  are liable under one policy, the principle applicable is ?

Asubrogation
Bcontribution
Cindemnity
Dutmost good faith
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Question 31
jamb 2016

A Major funtion of commerce is to

Afacilitiate human satisfaction through exchange
Beliminate trade barriers
Cprovide raw materials for manufacturers
Dinfluence government policies
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Question 32
jamb 2016

One of the major reasons for merger is to

Areduce the number of unskilled manpower
Bincrease the number of skilled manpower
Cprevent liquidation
Dliberalize the market
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Question 33
jamb 2016

Petrol voucher is an example of a

Abankdraft
Blegal tender
Ctoken money
Dpartial money
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Question 34
jamb 2016

The form of credit sales common to low income groups is

Ahire purchase
Bclub trading
Cbooking -me -down
Dcredit trading
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Question 35
jamb 2016

A group of computers that exchange data is referred to as

Aan information bank
Ba network
Ca database
Dan intranet site
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Question 36
jamb 2016

The placement of workers based on their qualifications can be categorized under

Apublic sector
Bskilled labour
Cprivate sector
Dunskilled labour
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Question 37
jamb 2016

Quantity discount is offerred mainly to persuade the buyer to

Adefer payment
Bmake prompt purchases
Cmake advance payment
Dpurchase more
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Question 38
jamb 2016

Where a manufacturer doesn't collects money from wholesalers in exchange for goods produced is referred to as

Acharge account
Btrading checks
Ctrade credit
DI owe you
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Question 39
jamb 2016

Which of the following is NOT backed by gold but by government securites?

AFiduciary note
BToken money
CCommodity money
DFiat money
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Question 40
jamb 2016

Which of the following is a legal tender?

ACheque
BTravellers cheque
CBank note
DGoldsmith receipt
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