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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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 361
jamb 2014

Which of the following computers can be used in weather forecast?

AHybrid computer
BDigital computer
CMainframe computer
DAnalog computer
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Question 362
jamb 2014

The three functional units of a modern computer are

Ainput, processor and output units
Bprocessor, FOTRAN and output units
Cblack box, output and input units
Dbasic, COBOL and output units
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Question 363
jamb 2014

A contract which is devoid of legal effect is

Avoid contract
Bunenforceable contract
Cvoidable contract
Dvalid contract
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Question 364
jamb 2014

The difference between a factor and a broker is that the former

Ais licensed to sell goods on auction
Bhas a lien on the goods he possesses
Cis not in possession of the goods
Dcannot sell in his own name
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Question 365
jamb 2014

Hire purchase is advantageous to the seller in that

Ait elevates his living standard
Bhis turnover will increase
Cpeople pay on installment
Dit enhances high level of patronage
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Question 366
jamb 2014

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

Abankruptcy
Bfrustration
Cbreach
Dlapse of time
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Question 367
jamb 2014

Which of the following is used as pricing policy?

Alabelling
Bpackaging
Cmarket selection
Dmarket skimming
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Question 368
jamb 2014

Which of the following aspects of marketing stimulates buying by providing free gifts

Aa personal selling
Bsales promotion
Cadvertising
Dpublicity
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Question 369
jamb 2014

The physical and psychological satisfaction a customer derives from the purchase of goods and services is

Aproduction
Bproduct mix
Cutility
Dtrade
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Question 370
jamb 2014

A business that focuses attention on the quality of the goods produced by precisely knowing what the consumers desire is said to be operation the

Aproduct mix
Bpromotion mix
Cmarketing concept
Dproduct orientation.
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Question 371
jamb 2014

Marketing differs from selling in that,the latter only creates

Apossession utility
Bmarginal utility
Cform utility
Dplace utility
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Question 372
jamb 2014

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

Aspan of control
Bunity of command
Cscalar chain
Dunity of direction
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Question 373
jamb 2014

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

ABPE
BSEC
CNDIC
DCBN
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Question 374
jamb 2014

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

Aarbitage
Bfranco
Ccontango
Dbackwardation
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Question 375
jamb 2014

Cum div differs from ex div in that, the later

Aentitles the purchaser to recieve a company's current dividend
Bentitles the vendor to recieve a company's current dividend
Cconfirms a purchase or sale made on behalf of a share holder
Dis a document used to transfer ownership of shares
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Question 376
jamb 2014

A document sent by a broker to his client to confirm a purchase or sale made on his behalf is

Adelivery note
Bconsignment note
Ctransfer form
Dcontract note
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Question 377
jamb 2014

An agent who transacts business with the broker in the stock exchange is a

Astag
Bbull
Cdel credere
Djobber
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Question 378
jamb 2014

A form of money with face value which is greater than the value of the metal content is

Alegal tender
Bbank notes
Ctoken money
Dcommodity money
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Question 379
jamb 2014

The net profit is the excess of gross profit and sources of income over all the expenses . This implies that net profit is

Athe difference between gross profit and trade expenses
Bthe different between gross profit and net sales
Csales less cost of sales including sales returns
Dopening stock add purchases less closing stock
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Question 380
jamb 2014

Part payments made on allotted shares by subscribers is usually the

Asubscribed capital
Bauthorized capital
Cissued capital
Dcalled-up capital
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