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.

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

160 questions
Question 1 of 20 160 total questions
Question 31
waec 2003
When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?
Amass advertising
Bcompetitive advertising
Cpersuasive advertising
Ddirect advertising
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Question 32
waec 2003

A retailer sells his product at "Buy-two-take three" The sales promotion method referred to is?

Afree sample
Bgift
Cpremium
Dtrade
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Question 33
waec 2003
A retailer sells his product at "Buy-two-take three" The sales promotion method referred to is?
Afree sample
Bgift
Cpremium
Dtrade
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Question 34
waec 2003
Which of the following does not belong to the group?
APosters
BWindow display
CFree samples
DHoarding of goods
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Question 35
waec 2003
One disadvantage of of rail transport is?
Asuitability for fragile goods
Bobsence of pilferage
Cvulnerability to severe weather
Dinflexibility
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Question 36
waec 2003
A transporter who does not reject carrying lawful goods to destination is?
Atramp vessel
Bocean liner
CCommon carrier
Dprivate carrier
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Question 37
waec 2003
Which of the following provides a proof posting and that the item has got to the addressee?
ACertificate of posting
BRecorded delivery
CRegistration latter
DExpress letter
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Question 38
waec 2003
Who the following sells among securities in anticipation of a fall in price?
ABear
BStag
CJobber
DBull
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Question 39
waec 2003
If the insured has been fully indemnified, the insurers are entitled to take any advantage due the insured. The principle of insurance involved is?
Aindemnity
Bsuborgation
Ccontribution
Dinsurable interest
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Question 40
waec 2003
Which of the following is taken type of insurance is taken against claims made by staff who get injured while at work?
AFidelity guarantee insurance
BConsequential loss insurance
CProducts' liability insurance
DEmployers' liability company
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Question 41
waec 2003
The process of dealing with a cheque once it has been paid into the creditor's bank is?
Aclearing
Baccepting
Cnegotiating
Ddiscounting
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Question 42
waec 2003
Quality discount is offered to persuade the buyer to?
Apay promptly
Bdefer payment
Cpay a deposit
Dbuy more
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Question 43
waec 2003
Which of the following is used to inform the buyer that goods available for sale?
AQuotation
BProforma
CAdvice note
DDespatch book
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Question 44
waec 2003
Which of the following is used to inform the buyer that goods available for sale?
AQuotation
BProforma
CAdvice note
DDespatch book
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Question 45
waec 2003
Which of the following contains the complete information on goods available for sale?
AInvoice
BDelivery note
CConsignment note
DCatalogue
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Question 46
waec 2003
Which of the following contains the complete information on goods available for sale?
AInvoice
BDelivery note
CConsignment note
DCatalogue
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Question 47
waec 2003
Taxes imposed on locally made goods are known as?
Aad valorem
Bimport duties
Cexport drawback
Dexcise duties
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Question 48
waec 2003
A public limited liability company can be enter into contracts because it?
Ahas many employees
Bhas shareholders
Cis legal entity
Dis allowed to take out debentures
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Question 49
waec 2003
A public limited liability company can be enter into contracts because it?
Ahas many employees
Bhas shareholders
Cis legal entity
Dis allowed to take out debentures
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Question 50
waec 2003
Total assets minus current liabilities is equal to a company's?
Agross profit
Bnet profit
Ccapital owned
Dcapital employed
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