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.

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

139 questions
Question 1 of 20 139 total questions
Question 21
waec 2018

which of the following statement is true of a debenture?

Aits holders receive interest
Bit forms part of a company's authorized capital
Cits owners are co-owners of the company
Dits owners control the company
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Question 22
waec 2018

An association of businesses engaged in both trade and industry is a?

Aco-operative society
Btrade union
Ctrust fund
Dchamber of commerce
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Question 23
waec 2018

multilateral trade is carried out 

Abetween two countries only
Bwithin many countries
Camong many countries
Dbetween neighbouring countries only
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Question 24
waec 2018

The portion of share capital which the company has asked shareholder to pay is?

Acalled-up capital
Bauthorized capital
Cpaid-up capital
Dunpaid capital
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Question 25
waec 2018

which of the following is a source of short term finance

Ahire purchase
Boverdraft
Clease
Ddebenture
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Question 26
waec 2018

one disadvantage of a sole proprietorship is?

Aquick decision making
Bunlimited liability
Cpride of ownership
Dunlimited source of capital
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Question 27
waec 2018

one example of of a product of a construction industry is a

Achair
Bbag of cement
Cpiece of cloth
Dtelevision
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Question 28
waec 2018

A person authorized to sell the property of a company in a winding up is 

Aan auctioneer
Ban agent
Ca liquidator
Da bailee
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Question 29
waec 2018

Activities which fascilitates commerce include

Aengaging youths in environmental sanitation
Bfunding political campaigns
Cproviding recreational facilities
Dimproving road network
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Question 30
waec 2018

A document through which invitation is extended to the public to subscribe to shares is?

Aarticle of association
Bmemorandum of association
Cprospectus
Dqoutation
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Question 31
jamb 2018

what is the rate of turnover from the table?

A3.50 times
B3.00 times
C2.00 times
D2.18
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Question 32
jamb 2018

The progragramme that makes up the operating system in a computer system is called? 

Asystem software
Bmicro program
Csyntax
Dsystem flow-chart
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Question 33
jamb 2018

 communication process involves the transmission of a message over a selected channel to the?

Aencoder
Breceiver
Caudience
Dsender
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Question 34
jamb 2018

A group of companies is a collection of? 

Asubsidiaries and their holding company
Bfirms
Cassociates and their holding company
Dindustries
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Question 35
jamb 2018

The agency in Nigeria which ensures that products conform with government quality specifications is the?

Astandard organisation of Nigeria
BNigeria consumer association
Cmanufacturers association of Nigeria
DNigeria chambers of commerce
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Question 36
jamb 2018

one of the obstacles to achieving the objectives of ECOWAS is?

Alack of a common currency
Bcolonial linkages
Csovereignty of state
Dlanguage difference
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Question 37
jamb 2018

The temporary working area of the control processing unit is called the?

ACD-ROM
BCD-RAM
CROM
DRAM
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Question 38
jamb 2018

warehousing is a productive function because it increases the?

Aquantity of goods
Butility of goods
Cquality of goods
Dprice of goods
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Question 39
jamb 2018

A pro forma invoice is sent to inform a buyer about the?

Aquantity of goods
Bprice of goods
Cdesignation of goods
Dquality of goods
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Question 40
jamb 2018

A merchant wholesaler is referred to as?

Adel-credere agent
Ba broker
Crack jobber
Da factor
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