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 331
waec 2012

The difference between the cost price and selling price of an article is

Acommission
Bmark-up
Crebate
Ddiscount
View Explanation & Discuss
Question 332
waec 2012

A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called

Acash discount
Btrade discount
Ccommission
Dbonus
View Explanation & Discuss
Question 333
waec 2012

The bank on which a cheque is drawn is known as the

Adrawer
Bdrawee
Ccashier
Dpayee
View Explanation & Discuss
Question 334
waec 2012

The assets of a business that is available for cash or near cash is called

Aequity
Bcapital employed
Creceived capital
Dliquid capital
View Explanation & Discuss
Question 335
waec 2012

A collective bundle of shares is called?

Adebenture
Bstock
Cbond
Dshare
View Explanation & Discuss
Question 336
waec 2012

A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is known as

Astanding order
Bmoney order
Cbank draft
Doverdraft
View Explanation & Discuss
Question 337
waec 2012

One of the principles of insurance is

Aconsequential loss
Bfidelity guarantee
Cproximate cause
Dsurrender value
View Explanation & Discuss
Question 338
waec 2012

Which of the following is not an economic grouping

ALake Chad Basin Commission
BEconomic Community of West African States
CEuropean Union
DInternational Monetary Fund
View Explanation & Discuss
Question 339
waec 2012

The document issued by the registrar of companies to permit a public limited company to commence business is

AMemorandum of Association
BCertificate of Incorporation
CArticle of Association
DTrading certificate
View Explanation & Discuss
Question 340
waec 2012

Which of the following is concerned with promoting favorable image of an organization?

AConsumer soveriegnty
BPublic relations
CMarketing research
DMarketing segmentation
View Explanation & Discuss
Question 341
waec 2012

Bonded warehouse is a place where

Aduty free goods are kept
Bperishable goods are kept
Chome-made goods are kept
Ddutiable goods are kept
View Explanation & Discuss
Question 342
waec 2012

Which of the following is a feature of mail order business?

AEmploys many shop assistants
BPractices self service
CProvides attractive shop front
DRents large warehouse
View Explanation & Discuss
Question 343
waec 2012

Current account holders withdraw money by means of

Acredit card
Bdraft
Cwithdrawal form
Dcheque
View Explanation & Discuss
Question 344
waec 2012

Which of the following acted as the central bank for West African countries before their independence?

AThe West African Clearing House
BThe British Bank for West Africa
CThe West African Currency Board
DThe African Development Bank
View Explanation & Discuss
Question 345
waec 2012

The Central Bank's monetary policy instrument by which it buys and sells treasury bills is known as

AOpen Market Operation
BBank rate
CCash reserve ratio
DSpecial deposit
View Explanation & Discuss
Question 346
waec 2012

An efficient transport system enables a trader to

Awiden the market for his products
Bavoid customs examination of goods
Cadopt better price policy
Dreduce cost of production
View Explanation & Discuss
Question 347
waec 2012

A licensed person who is authorized to sell to the highest bidder is

Aprincipal
Bfactor
Cbroker
Dauctioneer
View Explanation & Discuss
Question 348
waec 2012

The collection of tariffs on imported goods is the function of

APorts Authority
BCustoms and Excise Authority
CClearing and Forwarding Agents
DExport Promotion Council
View Explanation & Discuss
Question 349
waec 2012

The entitlement of a debenture holder from a company's income is known as

Acommission
Binterest
Clien
Ddividend
View Explanation & Discuss
Question 350
waec 2012

Which of the following is not an insurance of indemnity

ALife
BMarine
CBurglary
DFire
View Explanation & Discuss
Question Navigator
Current
MathsFaculty