Commerce Past Questions

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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 341
waec 2012

Collecting information on the taste of consumers and the extent of demand for a product is

Amarket research
Bmarket segmentation
Cmarketing mix
Dmarketing concept
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Question 342
waec 2012

Which of the following is classified as invisible item in balance of payment?

Aimport of goods
BSalaries of expartriates
CExport of groundnuts
DSale of equipment
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Question 343
waec 2012

Buildings and machinery used in the running of a business are examples of

Acurrent assets
Bintangible assets
Cliquid assets
Dfixed assets
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Question 344
waec 2012

When an insurance policy is declared void because of a false declaration ; the principle involved is

Aindemnity
Bsubrogation
Cproximate cause
Dutmost good faith
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Question 345
waec 2012

Those who are engaged in the distribution of goods belong to

Acommercial occupation
Bextractive industry
Cmanufacturing industry
Dconstruction industry
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Question 346
waec 2012

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

Atrade association
Btrade union
Cchamber of commerce
Dtrading partnership
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Question 347
waec 2012

A cheque drawn by a bank on itself is a/an

Adirect debit
Bbank draft
Cbank transfer
Doverdraft
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Question 348
waec 2012

Which of the following is an example of large-scale retailing?

AHawking
BMobile shops
CKiosks
DDepartment stores
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Question 349
waec 2012

The relationship between all imports and exports of a country is known as

Aterms of trade
Bbalance of trade
Cbalance of payment
Dterms of payment
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Question 350
waec 2012

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

AF.O.R
BC.I.F
CF.A.S
DLoco
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Question 351
waec 2012

An issuing house is an outlet for

Anew shares and bonds
Bnon-listed companies shares
Cexisting shares and bonds
Donly gilt-edged securities
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Question 352
waec 2012

The development of trade in West Africa was aided by the

Aemergence of traditional rulers
Barrival of the Portuguese
CIntroduction of tax payment
Dintroduction of money
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Question 353
waec 2011

When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed

AConsumer behaviour
BConsumerism
CConsumer education
DConsumer orientation
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Question 354
waec 2011
The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are
Adesirable to customers
Bcompany oriented
Cbeautifully packaged
Dprofit oriented
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Question 355
waec 2011

A false statement made by one party with an intention of inducing to enter into a contract with him is known as

Amisrepresentation
Blegal capacity
Cconsensus ad idem
Dconsideration
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Question 356
waec 2011

Which of the following is not a member of the Lake Chad Basin Commission

ANigeria
BChad
CGabon
DCameroun
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Question 357
waec 2011

The development of commerce was encouraged by the desire to

Aget goods and services of others
Bwork with others
Ccreate wealth for the nation
Dsatisfy all wants and needs
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Question 358
waec 2011

The completion of the production process by grading and branding of goods is a function of the

Atransporter
Bwholesaler
Cretailer
Dconsumer
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Question 359
waec 2011
Which of the following pieces of information would be found in a typical debit note
ACustomer code
BDate of invoice
CBrief reason for the debit
DE & O.E
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Question 360
waec 2011

Rights issue is the

Aindividual's right to be issued shares n subscription
Bright of shareholders to voteon issues
Cpreferntial right to returns on shares
Dshares offered to existing shareholders at a cheaper price
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