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 371
waec 2019

A means of payment through the post office is

Astanding order
Bmoney order
Cdebit order
Dcredit card
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Question 372
waec 2019

The factor of production that is fixed in nature is

Aland
Blabour
Centrepreneurship
Dcapital
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Question 373
waec 2019

Where there is no deed of partnership, members share profit on

Athe basis of participation
Bthe basis of shares held
Cpatronage basis
Dequal basis
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Question 374
waec 2019

The type of business where management is separated from ownership is a 

Asole proprietorship
Bpublic company
Cpartnership
Dcooperative society
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Question 375
waec 2019

The problem of double coincidence of wants is that

Ait is hard to determine the exchange rate of goods
Bit does not encourage purchase of large quantities and varieties
Cdeferred payment is not possible because goods exchange are not durable
Done has to find someone who wants his surplus and also has what he needs
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Question 376
waec 2019

Computer manufacturers in an area could a form of a

Aproducer association
Bthrift society
Cchamber of commerce
Dconsumer association
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Question 377
waec 2019

A partner whose only contribution to the partnership is his name and goodwill is

Aan active partner
Ba limited partner
Ca nominal partner
Da sleeping partner
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Question 378
waec 2019

Rent is the return on

Aa loan
Blabour
Cland
Da share
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Question 379
waec 2019

E-commerce is an activity which involves

Atrading in products through the post office
Btrading in products through the internet
Cbuying and selling of products through telegram messages
Dbuying and selling of products through fax messages
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Question 380
waec 2019

A firm which turns timber into wooden office desks belongs to the

Aextractive industry
Bdirect service industry
Cindirect service industry
Dconstruction industry
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Question 381
jamb 2019

An International organisation that influence and fix the price of oil in the International markets is

AIMF
BECOWAS
COPEC
DOAU
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Question 382
jamb 2019

Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as

ATransportation
BTourism
CInternational trade
DDomestic tourism
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Question 383
jamb 2019

Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out

AStandard for deferred payments s
BMedium of exchange
CStore of value
DUnit of account
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Question 384
jamb 2019

The Sole aim of government owned business is to

Amake profit
Bprovide services to the public
Cspread environmental pollution
Dmanage action
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Question 385
jamb 2019

One of these is not part of small-scale retailers

AUrban stores
BRoadside traders
CSupermarkets
DItinerant traders
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Question 386
jamb 2019

What is NPA?

ANigerian Police Authority
BNigerian Ports Authority
CNational Ports Authority
DNational Police Authority
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Question 387
jamb 2019

All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

ANigerian Police Authority
BNigerian Ports Authority
CNational Ports Authority
DNational Police Authority
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Question 388
jamb 2019

Booklets containing a range of products, their uses and prices are called

APosters
BHandbill
CCatalogues
DPrice Journal
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Question 389
jamb 2019

Commerce brings about all except one

AInternational co-operation
BImprovement in the standard of living
CMonotony of work
DInfrastructural development
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Question 390
jamb 2019

An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

ATelephone
BTelegram
CTelex
DNITEL
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