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.

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

143 questions
Question 1 of 20 143 total questions
Question 31
waec 2009

Those who are engaged in exploiting natural resources are in

Acommercial occupation
Bconstructive occupation
Cmanufacturing occupation
Dextractive occupation
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Question 32
waec 2009

The nominal value of kC Ltd's share is 50k and the market value is 70k. This means that the company's shares are selling

Aat par
Bex dividend
Ccum dividend
Dat premium
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Question 33
waec 2009

Which of the following is not a means of transportation by water

ACanoes
BLaunches
CTramps
DCarts
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Question 34
waec 2009
Exchange is facilitated by
Ataxation
Bquotas
Cspecialization
Dgood supervision
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Question 35
waec 2009
A private limited company differs from a public limited company because it
Aoffers rights issues to existing shareholders
Bhas a separate entity from the owners
Ccannot easily transfer shares
Ddeclares dividend
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Question 36
waec 2009

Which of the following features is common to all retailers

AOperating as sole-proprietors
BSelling to the final consumers
COperating with small capital
DSelling on hire purchase to consumers
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Question 37
waec 2009

The internal regulations of a limited company are stated in the

AMemorandum of Association
BCertificate of Incorporation
CArticles of Association
DShare certificate
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Question 38
waec 2009

The document which helps to determine the country from where goods were imported is

Abill of lading
Bship's manifest
Ccertificate of origin
Dcertificate of trading
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Question 39
waec 2009
Which of the following is a reduction in the catalogue price?
ARebate
BCash discount
CCommission
DTrade discount
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Question 40
waec 2009
Stocks, shares and debentures traded in the stock exchange are called
Abears
Bbulls
Csecurities
Dcollaterals
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Question 41
waec 2009

For overstaying in a port, a ship is charged a fine called

Adock due
Bcommission
Cinterest
Ddemurrage
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Question 42
waec 2009

A ship that travels without schedule is called a

Apassenger liner
Btramp
Ccargo liner
Dtanker
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Question 43
waec 2009

Which of the following is a source of capital to a sole proprietorship?

ALoans from friends
BAdmission of new member
CIssue of shares
DIssue of debentures
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Question 44
waec 2009

The mode of conveying liquids and gases through an underground channel is

Apipeline
Brail transport
Croad transport
Dsea transport
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Question 45
waec 2009

The letters R/D on a cheque shows that the cheque is

Apaid
Bdishonoured
Ccertified
Daccepted
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Question 46
waec 2009

The tax paid on goods produced within a country is known as

Aimport duty
Bexcise duty
Cad valorem duty
Dcustoms draw back
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Question 47
waec 2009

A document through which the public is invited to subscribe to the shares of a company is a

AMemorandum of Association
BArticle of Association
CProspectus
DDebenture
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Question 48
waec 2009

Which of the following requires a certificate of trading to start business

APublic corporation
BPublic limited company
CCooperative society
DPrivate limited company
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Question 49
waec 2009

Establishing and maintaining mutual understanding between an organization and its customers is known as

Amarketing concept
Badvertising
Cpublic relations
Dsales promotion
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Question 50
waec 2009

If a country devalues its currency, there would be

Areduction in imports
Breduction in exports
Cincrease in production locally
Dincrease in local standard living
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