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.

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

80 questions
Question 1 of 20 80 total questions
Question 31
jamb 2019

The most important resources of business is_______

AHuman resources
BMoney resources
CMaterial resources
DOpportunities
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Question 32
jamb 2019

Examples of consumer goods include all except________

ANurse
BCars
CSpoon
DShoes
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Question 33
jamb 2019

One of these is not a major in the production process?

AProducers
BDistributors
CMarketers
DConsumers
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Question 34
jamb 2019

The policy used when contracts are awarded as a result of tender is________

Amarket penetration
Bmarket skimming
CBid Pricing
DProduct Line Pricing
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Question 35
jamb 2019

Thee major aim of consumer orientation is_________

Aconsumer satisfaction
Bconsumer sovereignty
Cwhat to produce
Dmarket research
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Question 36
jamb 2019

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

AThe type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be
BAviation Insurance
CMarine Insurance
DLife Assurance
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Question 37
jamb 2019

The risks that can be forecast and measured is termed___________

AGambling
BInsurable risks
CNon-Insurable risks
DIndenmity Insurance
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Question 38
jamb 2019

A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

AHardware
BSoftware
CComputer remedies
DVirus
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Question 39
jamb 2019

All but one is not an output devices?

AJoystick
BMonitor
CPlotter
DPrinter
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Question 40
jamb 2019

Examples of Commercial occupation are all except___________

ABankers
BTraders
CInsurers
DGoldsmith
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Question 41
jamb 2019

All but one does not provide an Indirect Service?

ACustom Officers
BFamily Doctors
CCivil Servants
DLaw Makers
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Question 42
jamb 2019

In Nigeria, it is mandatory for all business enterprises to be registered with the________

AGovernment
BCorporate Affairs Commission
CAgent
DEnterprise
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Question 43
jamb 2019

In a law of contract, what is given in exchange for a promise to perform is_____

Aoffer
Bacceptance
Cwarranty
Dconsideration
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Question 44
jamb 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current liabilities

A100
B6000
C600
D3000
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Question 45
jamb 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Fixed assets

 

A6500
B2000
C4900
D600
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Question 46
jamb 2019

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current assets


 

A1600
B1060
C1500
D600
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Question 47
jamb 2019

The process of winding up or bringing a company to an end is________

ADissolution
BLiquidation
CIntegrating
DMerger
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Question 48
jamb 2019

In the formation of a united liability company, the following documents are prepared except_______

AMemorandum of Association
BArticle of Association
CStatement of Nominal Capita
DProspectus
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Question 49
jamb 2019

One of the disadvantages of Sole Proprietorship is__________

AIt requires small operations
BIt involves small capital
CIt lacks specialization
DGrants from government
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Question 50
jamb 2019

A partnership may be automatically dissolved due to the following factors except________

ACourt verdict
BJoint decision
CAdmission of new partners
DBankruptcy of a partner
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