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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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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2,221 questions

Question 1 of 20 2,221 total questions

Question 381

waec 2010

Which of the following is not a disadvantage of a one-man business?

AUnlimited liability owner

BLife of business limited to life of owner

CPersonal control of business

DDifficulty in raising additional capital

View Explanation & Discuss

Question 382

waec 2010

The provision of adequate number of berths by which ships can load and off-load is the function of the

ADepartment of Customs and Excise

BPorts Authority

CShipping and Forwarding Agent

DNational Shipping Line

View Explanation & Discuss

Question 383

waec 2010

Mobile shopping involves selling

Afrom motor van

Bat a particular spot in the city

Cin multiple shops only

Dfrom a vending machine

View Explanation & Discuss

Question 384

waec 2010

In which of the following are members entitled to one vote, irrespective of the number of shares held?

APublic corporation

BPartnership

CLimited company

DCo-operative society

View Explanation & Discuss

Question 385

waec 2010

The practice whereby customers purchase goods without being attended to by shop assistants is

Apresales service

Bafter sales service

Cself service

Dimpulse buying

View Explanation & Discuss

Question 386

waec 2010

The document of title to goods being shipped abroad is known as

Aconsignment note

Bships manifest

Cbill of entry

Dbill of lading

View Explanation & Discuss

Question 387

waec 2010

Which of the following is an advertising function?

APackaging

BPersuading

CGrading

DSegmenting

View Explanation & Discuss

Question 388

waec 2010

Which of the following is a more suitable medium for advertising a new tractor?

ARadio

BPoster

CNeon sign

DTrade fair

View Explanation & Discuss

Question 389

waec 2010

The enterprise whose main objective is to provide the public with essential services is known as

Acooperative society

Bpartnership

Cprivate company

Dpublic corporation

View Explanation & Discuss

Question 390

waec 2010

What is the name of a service where a bank makes regular payment on behalf of its customers

ADirect debit

BCredit transfer

CStanding order

DBank draft

View Explanation & Discuss

Question 391

waec 2010

When the buyer of an existing share is to receive the pending dividend, the price is

Acum div

Bex-div

Cat par

Dat a discount

View Explanation & Discuss

Question 392

waec 2010

A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a

Atraveller's cheque

Bpost-dated cheque

Cstale cheque

Dcrossed cheque

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Question 393

waec 2010

Which of the following is not true of the stock exchange?

Ait is a commodity market

Bit provides market for trading on shares

CGovernment and companies raise fund through it

Dit provides professional advice on investment

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Question 394

waec 2010

Which of the following is a safest way of sending important documents through the post

ARegistered mail

BParcel post

CLetter post

DExpress mail

View Explanation & Discuss

Question 395

waec 2010

The exchange of goods for goods in home trade is known as

Aentrepot trade

Btrade by barter

Ccommodity trade

Ddistributive trade

View Explanation & Discuss

Question 396

waec 2010

The main function of a thrift and credit cooperative society is to

Aencourage members to buy cheaply

Benable members get the highest profit

Chelp members get legal redress

Dencourage members to save

View Explanation & Discuss

Question 397

waec 2010

Catalogs are mostly used by

Achain stores

Bdepartment stores

Cmail order firms

Dsupermarkets

View Explanation & Discuss

Question 398

waec 2010

Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?

AProximate cause

BIndemnity

CInsurable interest

DSubrogation

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Question 399

waec 2010

Which of the following must be stated in the article of association?

Athe objects of the company

Bthe registered office address of the company

Cthe method of issue and transfer of shares

DStatement that liabilities are limited

View Explanation & Discuss

Question 400

waec 2010

A company whose shares are not easily transferable is a

Aprivate limited company

Bpublic limited company

Cpublic corporation

Dcompany limited by guarantee

View Explanation & Discuss

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