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.

89 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

89 questions
Question 1 of 20 89 total questions
Question 31
jamb 2018

------------------- is a source of short term capital?

 

AShares
BOverdraft
Cdebenture
Dleasing
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Question 32
jamb 2018

Which of the following regulates and controls the activities in the Nigeria Stock Exchange

ACBN
BBPE
C
DNDIC
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Question 33
jamb 2018

Money is generally acceptable for transaction due to

AThe rule of the law
BIts acceptability in the global market
CThe legal backing
DThe central bank’s Governor’s signature
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Question 34
jamb 2018

Chinyere agreed to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready at that date, Halima could

ASeize another gown from Chinyere’s shop
BRegard the contract between them as terminated
CSue Chinyere for specific performance
DSue Chinyere for damages
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Question 35
jamb 2018

The above chart represents the

AMarketing mix relationship
BProduct mix relationship
CAdvertising mix relationship
DPromotion mix relationship
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Question 36
jamb 2018

The maximum number of shareholders in a public liability company is

AOne hundred
BUnlimited
CFifty
DTwenty
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Question 37
jamb 2018

A company which issues a promissory note in lieu of payment for goods purchased

AIs not bound to renew the note before payment
BCan return the goods purchased and refuse to pay
CCan refuse to pay on due date since it is only a promise
DIs bound to redeem the note for cash on due date
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Question 38
jamb 2018

Which is the fastest means of transportation?

AWater
Bair
Crail
DRoad
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Question 39
jamb 2018

Why is clear bill of lading called so?

AIt shows records of damaged goods
BIt shows no records of damaged goods
CIt is a clear bill
DIt signifies no debt is owed
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Question 40
jamb 2018

In Nigeria, the ministry in charge of registering trade association is that of

ACulture and tourism
BFinance
CIndustries
DCommerce
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Question 41
jamb 2018

Which of the following has power to order withdrawal of a particular food item from circulation?

AFood and Drug Department of the Federal Ministry of Health
BFederal High Courts in Nigeria
CStandard Organization of Nigeria
DLocal Government Health Inspectors
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Question 42
jamb 2018

Bank overdraft as a short term source of fund is

AA current liability
BAn overdrawn account
CGrade to a newly opened account
DRepayable after more than a year
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Question 43
jamb 2018

The factors which critically determines the choice of occupation is

ASkill
BTraining
CAptitude
DInterest
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Question 44
jamb 2018

The board of directors of public enterprise is appointed by who?

AEmployees
Bmanagement
Cgovernment
Dshareholders
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Question 45
jamb 2018

A title, symbol, or design that distinguishes a company is called

ABrand name
BTrademark
Ccopyright
DPatent right
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Question 46
jamb 2018

The duties paid on goods produced locally is

AAd-valorem duty
Bexcise duty
Cexport duty
Dquota
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Question 47
jamb 2018

The Central Bank Monetary policy instrument by which it buys and sells securities is called

ABank rate
BCash reserve ratio
COpen market operation
DBank credit
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Question 48
jamb 2018

One of the disadvantages of rail transport is

AIt is not flexible
BIt carries bulky goods
CIt works at intervals
DCost of transportation is high
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Question 49
jamb 2018

From which of the following sources can partnership increase their capital?

ASales of shares
BAdmission of new partners
CDischarge of mortgage
DGrants from relatives
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Question 50
jamb 2018

One of these is a current asset

AFittings
BMachineries
CMotor vehicles
Dstock
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