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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 301
waec 2013

The process of winding up a public limited company by a court order is known as

Atermination
Bdissolution
Cvoluntary liquidation
Dcompulsory liquidation
View Explanation & Discuss
Question 302
waec 2013

A country is said to achieve a trade surplus when total

Avisible exports exceed total visible imports
Binvisible exports exceed total invinsible imports
Cvisible exports exceed total invisible imports
Dvisible imports exceed total visible exports
View Explanation & Discuss
Question 303
waec 2013

A physical restriction placed on the quantity of goods that can be imported is

Aa ban
Ba quota
Can excise duty
Dan import tax
View Explanation & Discuss
Question 304
waec 2013

Direct sales to consumers by manufacturers is a means of eliminating

Awholesalers only
Bretailers only
Cmiddlemen
Dagents
View Explanation & Discuss
Question 305
waec 2013

The selling of goods in small units is normally performed by

Achambers of commerce
Bwholesalers
Cdistributors
Dretailers
View Explanation & Discuss
Question 306
waec 2013

A tariff refers to

Afees imposed on contraband goods
Bfees paid on exports
Ctaxes imposed on imported goods
Dtaxes paid on home-made goods
View Explanation & Discuss
Question 307
waec 2013

Ad valorem duties are based on the

Aimportance of the goods imported
Bvalue of the goods imported
Cweight of the goods imported
Dnature of the goods imported
View Explanation & Discuss
Question 308
waec 2013

Which of the following is not a function of warehousing

ACreating security of goods
BStabilization of price
CProduction ahead of demand
DStorage of goods
View Explanation & Discuss
Question 309
waec 2013

A person's deliberate decision to reduce the value of her currency is called

Aderegulation
Binflation
Cdevaluation
Drevaluation
View Explanation & Discuss
Question 310
waec 2013

Which of the following is an advantage of a sole trader?

AGuaranteed profit
BQuick decision-making
CUnlimited liabilty
DBuying on credit
View Explanation & Discuss
Question 311
waec 2013

The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by

Afixed capital
Bcapital employed
Cpaid-up capital
Dworking capital
View Explanation & Discuss
Question 312
waec 2013

A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is

AD 10,0000,000
BD6,000,000
CD4,000,000
DD2,000,000
View Explanation & Discuss
Question 313
waec 2013

The difference between current assets and current liabilities is

AIssued capital
Bcapital employed
Cworking capital
Dnominal capital
View Explanation & Discuss
Question 314
waec 2013

A personal computer on sale in an office equipment shop is an example of

Astock
Bfixed asset
Cliability
Dfixed capital
View Explanation & Discuss
Question 315
waec 2013

Public enterprises are financed mainly by

Athe shareholders
Bcommercial banks
Cgovernment grants
Dmortgage banks
View Explanation & Discuss
Question 316
waec 2013

Which of the following is a feature of supermarkets?

AGives credit to reliable customers
BSpecializes in one line of product
CGoods are on display with price tags
DDoes not have to provide storage facilities
View Explanation & Discuss
Question 317
waec 2013

The various rights attached to different classes of shares are stated in the

Aarticles of association
Bmemorandum of association
Cbalance sheet
Dprospectus
View Explanation & Discuss
Question 318
waec 2013

The concept which says that a company's production policy should be centered on the ultimate user of the product is known as

Amarket segmentation
Bconsumer sovereignty
Cmarketing mix
Dmarketing research
View Explanation & Discuss
Question 319
waec 2013
Trade fairs and exhibitions are media of
Asales promotion
Bcustomer service
Cmarket segmentation
Dadvertising
View Explanation & Discuss
Question 320
waec 2013
Advertising efforts geared towards a particular audience is known as
Amass advertising
Bdirect advertising
Cpersuasive advertising
Dindirect advertising
View Explanation & Discuss
Question Navigator
Current
MathsFaculty