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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.

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

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1,707 questions

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Question 341

jamb 2015

A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.

Adebenture

Ba bond

Ca term loan

Dan overdraft

View Explanation & Discuss

Question 342

jamb 2015

The difference between a private are public limited liability company is that the former

AIs unable to declare and pay dividend.

BHas a higher number of share holder

CIs unable to offer shares to the public.

Dpays higher salaries to its member

View Explanation & Discuss

Question 343

jamb 2015

The external environmental factors that affect a business cooperation are

AEconomic, Social and legal

BPolitical, Culture and Labour

CCompetition, Labour and Political

DCompetition, Industry and Product.

View Explanation & Discuss

Question 344

jamb 2015

The forum for the selling and buying of securities of small and medium companies is called.

ASecurities and Exchange Commission

BSecond tier Security Market

CForeign exchange Market

DSecond tier foreign Exchange market

View Explanation & Discuss

Question 345

jamb 2015

The development of commercial activate in Nigeria was harnessed by

AA good storage system

BAvailability of market

CIncrease in production

DActivities

View Explanation & Discuss

Question 346

jamb 2015

In the permanent storage device, DASD means

AData Access Systems Device

BDirect Access Systems Device

CData Access Storage Device

DDirect Access Storage Device

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Question 347

jamb 2015

The measure of independence available to the individual business units that come together is the main difference between

Avertical and horizontal integration

BMergers and Acquisition

CConsortium and imagination

DTrust and Cartel

View Explanation & Discuss

Question 348

jamb 2015

Resources commited into the production of relatively few commodities is known as

AProduction

BSpecialization

CCreation manufacturing

DManufacturing

View Explanation & Discuss

Question 349

jamb 2015

An agent who takes title to goods and has authority to buy and sell on behalf of another is

AA jobber

BA broker

CA factor

DAn auctioneer

View Explanation & Discuss

Question 350

jamb 2015

A memorandum of association is applicable to a

Apartnership

Bsole trader

Cjoint stock company

Dpublic corporation

View Explanation & Discuss

Question 351

jamb 2015

The body regulating the sale and purchase of shares in Nigeria is the

ACorporate affair commission

BSecurities and exchange commission

CSecurities and exchange tribunal

DNigerian stock exchange

View Explanation & Discuss

Question 352

jamb 2015

In a typical manufacturing enterprises, the line function is performed by the

APublic relations department

BMarketing Department

CEstate or Properties Department

Dlegal Department.

View Explanation & Discuss

Question 353

jamb 2015

A machine which enables sales without the physical presence of sales attendant is a

ATelex Machine

BFax Machine

CVending Machine

DComputer machine

View Explanation & Discuss

Question 354

jamb 2015

Inbound tourism occurs when

Anon-resident s of a country travel within it.

Bnon- resident of a country travel to other countries

Cresident of a country travel within it

DResidents of a country travel to other countries.

View Explanation & Discuss

Question 355

jamb 2015

Second-tier securities market differs from the first-tier securities market in that the former is

Ahighly restricted

BRegulated by SEC

CRegulated by NIPC

Dless restricted.

View Explanation & Discuss

Question 356

jamb 2015

The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a

APartnership

BCompany

CJoint venture

DCo-operative society

View Explanation & Discuss

Question 357

jamb 2015

A direct service is rendered by

AState counsels

BCivil servants

CPolice

DFamily doctor

View Explanation & Discuss

Question 358

jamb 2015

Which of the following best describes an invoice?

AContractual agreement for the sale of goods

BDocument specifying quantity, description, prices and total value of purchase .

CReceipt containing necessary information about the goods.

DLetter specifying the contractual sales of goods between two parties

View Explanation & Discuss

Question 359

jamb 2015

Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?

ANot yet been issued

BBeen applied for but not issued

CNot been paid-up

DBeen issued but have not been paid-up

View Explanation & Discuss

Question 360

jamb 2015

The document that gives an importer freehand to obtain goods form any manufacturer is

AA closed indent

BA consular invoice

CA freight note

DAn open indent

View Explanation & Discuss

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