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 2024

The rights of the consumers does NOT include

Athe right to a healthy environment
Bthe right to be informed
Cthe right to fix prices
Dthe right to choose
View Explanation & Discuss
Question 32
jamb 2024

Which of the following CANNOT be sold through a vending machine?

Ashoes
Btickets
Csnacks
Dtea
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Question 33
jamb 2024

Fishing is an example of

Adirect services
Bmanufacturing industry
Cextractive industry
Dconstruction industry
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Question 34
jamb 2024

Which of the following can be used to establish an importer's title to goods?

Acargo receipt
Bway bill
Cbill of lading
Dimport license
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Question 35
jamb 2024

An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

Apro forma invoice
Ban open indent
Ca closed indent
Dan order
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Question 36
jamb 2024

A public limited liability company is owned by

Agovernment
Bshareholders
Cgeneral public
Ddebenture holders
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Question 37
jamb 2024

One of the following does NOT fit into the group.

Aagriculture
Bcarpentry
Cfishing
Dmining
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Question 38
jamb 2024

All the following are principles of insurance EXCEPT

Ainsurable interest
Bparticular average
Cutmost good faith
Dsubrogation
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Question 39
jamb 2024

A person who runs a business on his own account is called a

Acustomer
Bsole trader
Cdirector
Dpartner
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Question 40
jamb 2024

An allowance made to a customer for prompt payment is known as

Abulk discount
Bcommission
Ccash discount
Dallowance
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Question 41
jamb 2024

Prospectus in relation to a public limited inability company means

Aa document stating the types or shares
Ban invitation to the public to collect dividends
Can invitation to the public to buy shares
Da document where the names of shareholders are written
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Question 42
jamb 2024

Which of the following is NOT an aim of advertising?

Ainspiring public confidence in the goods
Barousing the interest of the public
Creducing the cost of the goods produced
Dattracting the attention of the public
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Question 43
jamb 2024

A tax paid on goods manufactured and consumed in your country is called

Aexcise duty
Bgoods tax
Cincome tax
Dcustom duty
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Question 44
jamb 2024

An agreement that is enforceable in law is called

Aan offer
Ba decree
Ca contract
Da declaration
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Question 45
jamb 2024

The first Nigerian enterprises promotion decree was promulgated in

A1972
B1973
C1974
D1977
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Question 46
jamb 2024

Closing stock is also known as

Astock at close
Bbalance brought forward
Copening inventory
Dstock at beginning
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Question 47
jamb 2024

The main objective of nationalization of industries is to

Aprevent existing firms from liquidation
BMake more profit for the government
Cprevent all aliens from taking part in the business activities of a country
Dbring an Industry under state ownership and control
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Question 48
jamb 2024

The sum which the insured pays periodically to his insurance company is called

Aa commission
Ban indemnity
Ca policy
Da premium
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Question 49
jamb 2024

Which of the following does a seller send in reply to a letter of inquiry?

Aquotation
Bcredit note
Cdebit note
Ddelivery note
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Question 50
jamb 2024

Which of the following is NOT part of Pre-Sales Service/ice?

Agranting of credit or hire purchase sales facilities
Bassisting the prospective buyer to set up facilities for storage
Cdispatching of quotation and price list
Dproviding detailed information about goods to be purchased
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