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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 331
jamb 2020

NACCIMA stands for 

ANigerian American Centre for Culture, Industries, Mines and Arts
BNigerian Association for Culture, Civics, Industries, Minerals and arts
Arts
CNational Agency for Culture, Civilization, Investment, Manufacturing and Agriculture
DNigeria Association of Chambers of Commerce,
Industries, Mines and Agriculture
View Explanation & Discuss
Question 332
jamb 2020

The main documents sent to an importer of goods by the exporter are

Abill of lading, invoice, insurance policy, consular invoice, certificate of origin and bill of exchange
Bindent, bill of lading, certificate of origin, invoice and bill of exchange
Ccertificate of origin, bill of exchange, invoice, insurance policy, indent and bil of lading
Dinvoice, consular invoice, certificate of origin, freight note, indent and insurance policy
View Explanation & Discuss
Question 333
jamb 2020

The above chart represents the

Apromotion mix relationship
Bmarketing mix relationship
Cadvertising mix relationship relationship
Dproduct mix relationship
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Question 334
jamb 2020

Which of the following attracts only interest but leaves the capital unpaid?

Auberrimae fidei
Bsubrogation
Ccontribution
Dredeemable bond
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Question 335
jamb 2020

The process of dividing tasks into jobs and departments and delegating authority is known as

Adirecting
Bleading
Corganizing
Dstaffing
View Explanation & Discuss
Question 336
jamb 2020

A doctor who attends to patients at home after his official duty is

Aa direct and indirect service worker
Ba direct service worker
Can indirect service worker
Da community developer
View Explanation & Discuss
Question 337
jamb 2020

The agency that currently oversees the privatization and commercialization processes in Nigeria is the

ANigerian Stock Exchange
BTechnical Committee on Privatization and Commercialization
CSecurities and exchange commission
DBureau of public enterprises
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Question 338
jamb 2020

From the diagram above, what does I stand for?

Aaids to trade
Bhome trade
Cpublicity
Dadvertising
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Question 339
jamb 2020

Given:
                                     ₦
Sales                          15,000
Opening stock            5,600
Purchases                    9,700
Closing stock               4,400
Gross profit                  4,500
Net profit                      2,000

From the above data, calculate the rate of turnover

A2.00 times
B3.50 times
C2.18 times
D3.00 times
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Question 340
jamb 2020

Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by

Abankruptcy
Bbreach
Clapse of time
Dfrustration
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Question 341
jamb 2020

The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is

Aunity of command
Bscalar chain
Cunity of direction
Dspan of control
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Question 342
jamb 2020

An undertaking given by a person to another assuring his integrity is

Aproximate cause
Binsurable interest
Cfidelity guarantee
Dsubrogation
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Question 343
jamb 2020

A country is said to be experiencing an unfavourable balance of trade if her

Aexports exceed imports
Bvisible imports exceeds Visible exports
Cvisible exports exceed visible imports
Dimports and exports are equal
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Question 344
jamb 2020

Modern means of payment is greatly facilitated by

Ae-banking
Bpaper money
Ccredit transfer
De-commerce
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Question 345
jamb 2020

Given:
                                                 ₦
Opening Stock                      1,800
Purchases                              2,800
Sales                                       8,000
Closing stock                            350
Carriage on sales                     500

Calculate the value of the unused stock.

A₦800
B₦500
C₦320
D₦350
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Question 346
jamb 2020

The arrangement and interrelationship of the various components and positions of a business is referred to as

Aline structure
Bunity of direction
Corganisational structure
Dclarity of objective
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Question 347
jamb 2020

An example of a computer operating system is

Athe page maker
Bwindows 2000
CMicrosoft word 2000
Dthe word perfect
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Question 348
jamb 2020

The central working system of a computer used for data processing is the

Amonitor
Bfloppy disk drive
Chard drive
Dmemory unit
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Question 349
jamb 2020

One of the merits of television as a medium of advertising is that it

Ais prone to censorship
Bis relatively cheap
Chas more network coverage
Dhas more sensory stimulation
View Explanation & Discuss
Question 350
jamb 2020

A customer with ABC Plc sent money through his account to his sister's account in another branch. This Is an example of

Ae-business
Be-commerce
Ce-banking
De-finance
View Explanation & Discuss
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