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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 311
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 312
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 313
jamb 2016

Petrol voucher is an example of a

Abankdraft
Blegal tender
Ctoken money
Dpartial money
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Question 314
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 315
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 316
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 317
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 318
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 319
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 320
jamb 2016

Which of the following is a legal tender?

ACheque
BTravellers cheque
CBank note
DGoldsmith receipt
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Question 321
jamb 2016

Complying with the rules relating to the conduct of business activities in a country is an aspect of

Acultural enviroment
Bdemographic environment
Clegal environment
Dpolitical environment
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Question 322
jamb 2016

Discharging certian duties by an organization to the public to gain high patronage is a concern of ?

Afinancial responsibility
Beconomic responsibility
Clegal responsibility
Dsocial responsibility
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Question 323
jamb 2016

Labour as an input in production can be motivated by

Atraining
Bprofit
Cremuneration
Dpromotion
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Question 324
jamb 2016

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

Acartel
Bsyndicate
CChamber of Commerce
DNigeria Bar Association
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Question 325
jamb 2016

An ancillary to trade which promotes socio - cultural development all over the world is

Atransportation
Bcommunication
Ctourism
Dinsurance
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Question 326
jamb 2016

One of the functions of the Nigerian Ports Authority is that it

Agives preferential treatment to Nigerian investors
Bprovides credit facilities to importers
Cencourages the growth of infant industries
Dprovides warehosing facilities at the docks
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Question 327
jamb 2016

Which of the following is the best method for computing working capital

ATotal assets less current liabilities
BCurrent liabilities less current assets
CFixed liabilities less current assets
DCurrent assets less current liabilities
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Question 328
jamb 2016

The minimum lending rate of a bank is a component of its

Acurrent assets
Bdebit balances
Ccredit balance
Dfixed assets
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Question 329
jamb 2016

One of the factors of determining the volume of production is

Aavailablity of forex
Bavailability of storage facilities
Cthe location of the business
Dthe number of skilled manpower
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Question 330
jamb 2016

One of the functions of the retailer is

Agranting credit facilities to close relatives
Bprovision of after - sales services
Cbranding and packaging of goods
Dwarehousing of goods
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