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.

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

383 questions
Question 1 of 20 383 total questions
Question 31
neco 2007
Income distribution, nature of natural resources, investment etc. forms part of -----business environment.
Acultural
Beconomic
Cpolitical
Dsocial
Etechnological
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Question 32
neco 2007
Which of the following is an invisible item of trade?
ABanking Service
BPetroleum Product
CProcessed Rice
DProcessed Milk
EProcessed Yam Flour
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Question 33
neco 2007
The amount receivable by shareholders after the declaration of profit is called
Abonus
Bcommission
Cdividend
Dinterest
Epremium
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Question 34
neco 2007
The following are methods of quoting prices EXCEPT
AA.C.I.F
BF.A.S
CF.O.B
DL.O.C.O
EE.O.E
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Question 35
neco 2007
Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the
Aagent
Bauctioneer
Cbroker
Dofferee
Eofferor
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Question 36
neco 2007
The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the
Aaero plane
Bcaravan
Clorry
Dship
Etrain
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Question 37
neco 2007
Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?
A2.0 times
B30.0 times
C31.0 times
D31.3 times
E32.2 times
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Question 38
neco 2007
The most suitable mode of transport for conveying gas and liquid within Nigeria is
Aair
Bpipeline
Crail
Droad
Ewater
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Question 39
neco 2007
A Speculator in the stock exchange who buys shares hope that prices will rise is called
Abear
Bbroker
Cbull
DJobber
Eshareholder
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Question 40
neco 2007
The authority that transfers to a third party the shard right to vote is called
Abond
Bindent
Cproxy
Dright issue
Ewarranty
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Question 41
neco 2007
A marketing term the for the presentation of goods in a neatly wrapped container is
Aadvertising
Bcredit to customers
Clabelling
Dmerchandising
Epackaging
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Question 42
neco 2007
“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of
Aadvertising
Bcredit to customers
Ccustomer service
Dsales promotion
Etrade discount
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Question 43
neco 2007
An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….
Aaccident
Bendowment
Cfire
Dfidelity
Ewhole life
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Question 44
neco 2007
From the date of issue, cheques are valid for-----------months.
A3
B4
C5
D6
E9
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Question 45
neco 2007
Which of the following is NOT true of a cheque as a means of payment? It
Acan be made out of a definite payee
Bis generally acceptable
Cis safer than carrying cash
Dis transferable
Eserves as a proof of payment
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Question 46
neco 2007
Which of the following is NOT true of a cheque as a means of payment? It
Acan be made out of a definite payee
Bis generally acceptable
Cis safer than carrying cash
Dis transferable
Eserves as a proof of payment
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Question 47
neco 2007
The reply to a letter of inquiry is a/an
Aadvice note
Bestimate
Corder
Dquotation
Estatement
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Question 48
neco 2007
Coal mining is an example of
Aconstruction
Bservice
Cextraction
Dmanufacturing
Etertiary
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Question 49
neco 2007
The payment made by government to producers to enable them reduce price is known as
Abonus
Bcompensation
Cmargin
Dmake-up
Esubsidy
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Question 50
neco 2007
The actual amount of share capital a company is allowed to issue to the public is the ---- capital
Aauthorized
Bissued
Cpaid-up
Dreserved
Eworking
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