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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.

95 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

95 questions

Question 1 of 20 95 total questions

Question 31

jamb 2008

The development of tourism in Nigeria will enhance?

Aagriculture

Brevenue generation

Cexport

Dlabour mobility

View Explanation & Discuss

Question 32

jamb 2008

The fear of many communities concerning tourism development is the?

Ainfluence of foreign culture

Bfear of disease transmission

Cfear of pollution

Dreligious intolerance

View Explanation & Discuss

Question 33

jamb 2008

A major factor hindering effective communication process is?

Aclimate condition

Bsocial unrest

Cdistance

Dnoise

View Explanation & Discuss

Question 34

jamb 2008

A function generally performed by authorities of both the air and seaport is the?

Amaintance of warehouse where goods can be stored

Bprovision of facilities for loading and unloading of cargoes

Cmaintenance of security and order at the ports

Dprovision of facilities for landing and refuelling at the ports

View Explanation & Discuss

Question 35

jamb 2008

Ships used for international transport are?

Atrawelers

Byachets

Cocean liners

Dlaunchers

View Explanation & Discuss

Question 36

jamb 2008

Personal selling is used for the purpose of?

Aestablishing the company

Bproviding information

Ccreating product awareness

Dgiven financial assistance

View Explanation & Discuss

Question 37

jamb 2008

The four Ps of marketing are?

Aproduct, place , process and promotion

Bprice, product, properrty and place

Cprice, product, place and promotion

Dprice, production , place and property

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Question 38

jamb 2008

The resources which are necessary for business development include?

Amanufacturing , materials mentors and money

Bmerchant, materials, mentors and money

Cman, money, materials and machines

Dmachines, manufacturing , money and materials

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Question 39

jamb 2008

An association to which all chambers of commerce in Nigeria are affiliated is the?

ANigeria Labour Congress

BNational Association of Chambers of commerce, industry, Mines and Agriculture

CNigeria Association of Chambers of commerce, industry, Mines and Agriculture

DNigeria Stock Exchange

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Question 40

jamb 2008

The pooling of business information for the benefit of members is a major function of a?

Apressure group

Btrade association

Ccultural group

Dtrade union

View Explanation & Discuss

Question 41

jamb 2008

A crossed cheque with the inscription 'not negotiable' must be paid into the?

Acurrent account of the drawer

Bcurrent account of the payee

Csavings account of the payee

Dfixed account of the payee

View Explanation & Discuss

Question 42

jamb 2008

When 'FOB' is written on a document, it implies that the buyer bears the?

Acost of goods and advert

Bloading costs and insurance

Cinsurance and transport costs

Dtransport and communication costs

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Question 43

jamb 2008

A document sent by a seller to inform a buyer about the prices of goods is the?

Acatalogue

Bprice list

Ccredit note

Dproforma invoice

View Explanation & Discuss

Question 44

jamb 2008

Most of the barriers to international trade have been eliminated through?

Adiversification

Bglobalization

Ccommercialization

Dprivatization

View Explanation & Discuss

Question 45

jamb 2008

Balance of payments is made up of?

Avisible and current items

Binvisible and capital items

Ccurrent and capital items

Dvisible and invisible items

View Explanation & Discuss

Question 46

jamb 2008

A warehouse which is used to store goods whose customs duty is not yet paid is a?

Awholesale warehouse

Bbonded warehouse

Cpublic warehouse

Dbranded warehouse

View Explanation & Discuss

Question 47

jamb 2008

A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?

Aconglomerate

Bchain stores

Cdepartmental store

Dsuppermarket

View Explanation & Discuss

Question 48

jamb 2008

A source of capital that has elements of debt and equity is a?

Adebenture

Bwarrant

Cloan

Dshare

View Explanation & Discuss

Question 49

jamb 2008

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?

Abull

Bbear

Cdealer

Dstag

View Explanation & Discuss

Question 50

jamb 2008

A trader who gives credit stands to enjoy?

Ahigher profit

Bcash discount

Cincreased sales

Dtrade discount

View Explanation & Discuss

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