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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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

2,221 questions

Question 1 of 20 2,221 total questions

Question 311

waec 2013

A contract made between a ship owner and a merchant for the carriage of cargo is

Aships' manifest

Bcharter party

Cfreight forward

Dcargo service

View Explanation & Discuss

Question 312

waec 2013

The type of transport a manufacturer will use will be influenced by

Atype of sales

Bthe tax on the goods

Cthe customer's age

Dnature of the goods

View Explanation & Discuss

Question 313

waec 2013

"Not Negotiable" on a cheque means

Aownership can be transferred to the third party by mere delivery

Bthe cheque can be paid over the counter on endorsement

Cthe holder has no better title than the person person who transfers it

Downership rests with the one who issued the cheque

View Explanation & Discuss

Question 314

waec 2013

The cost of telephone conversation is determined by

Anumber of words spoken

Bperson sending the message

Cduration of the conversation

Durgency of the message conveyed

View Explanation & Discuss

Question 315

waec 2013

The use of current account in business is convenient because

Awithdrawal can be made at any time

Bdeposits earn higher interests

Cloans are always available

Dnotices are necessary befor withdrawals

View Explanation & Discuss

Question 316

waec 2013

Which of the following protects consumers against poor quality foods

AChambers of Commerce

BStandard Organization

CTrade Association

DManufacturers Association

View Explanation & Discuss

Question 317

waec 2013

Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that

Awould be paid to mr Biu if he should discontinue with the policy

Bwould be paid to mr Biu's beneficiary if he dies

Cis paid annually by mr Biu to the insurance company

Dthe amount mr Biu has paid plus interest

View Explanation & Discuss

Question 318

waec 2013

An insurance policy that covers the body of the ship only is called

AHaulage insurance

BVoyage insurance

CHull insurance

DCargo insurance

View Explanation & Discuss

Question 319

waec 2013

To endorse a cheque means to

Awrite and sign one's name at the back of the cheque

Bwrite "pay cash" on the cheque

Ccross the cheque

Dstop the payment of the cheque

View Explanation & Discuss

Question 320

waec 2013

A market which deals in the purchase and sale of second hand securities is the

AStock Exchange

BBuilding Society

CShippers Council

DCo-operative

View Explanation & Discuss

Question 321

waec 2013

The object clause of a limited liability company is stated in the

AMemorandum of Association

BArticle of Association

CCertificate of Incorporation

DTrading certificate

View Explanation & Discuss

Question 322

waec 2013

The Board of Directors of Public corporation is appointed by the

Agovernment

Bshareholders

Cmanagement

Demployees

View Explanation & Discuss

Question 323

waec 2013

The last link in the production process is the

Atransporter

Bwholesaler

Cconsumer

Dretailer

View Explanation & Discuss

Question 324

waec 2013

Who among the following does not render direct service?

ATeacher

BMusician

CDoctor

DRetailer

View Explanation & Discuss

Question 325

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 326

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 327

waec 2013

Voyage policy insurance is associated with

Afire

Blife

Cmarine

Dburglary

View Explanation & Discuss

Question 328

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 329

waec 2013

A person who earns extra commission for guaranteeing debts is a

Afactor

Bbroker

Ccommission agent

Ddel-credere agent

View Explanation & Discuss

Question 330

waec 2013

Which of the following will be suitable for hire purchase sale?

AShares

BRefrigerator

CShoes

DTextile

View Explanation & Discuss

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