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.

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

97 questions
Question 1 of 20 97 total questions
Question 31
jamb 2014

Marketing differs from selling in that,the latter only creates

Apossession utility
Bmarginal utility
Cform utility
Dplace utility
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Question 32
jamb 2014

The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is

Aspan of control
Bunity of command
Cscalar chain
Dunity of direction
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Question 33
jamb 2014

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

ABPE
BSEC
CNDIC
DCBN
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Question 34
jamb 2014

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

Aarbitage
Bfranco
Ccontango
Dbackwardation
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Question 35
jamb 2014

Cum div differs from ex div in that, the later

Aentitles the purchaser to recieve a company's current dividend
Bentitles the vendor to recieve a company's current dividend
Cconfirms a purchase or sale made on behalf of a share holder
Dis a document used to transfer ownership of shares
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Question 36
jamb 2014

A document sent by a broker to his client to confirm a purchase or sale made on his behalf is

Adelivery note
Bconsignment note
Ctransfer form
Dcontract note
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Question 37
jamb 2014

An agent who transacts business with the broker in the stock exchange is a

Astag
Bbull
Cdel credere
Djobber
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Question 38
jamb 2014

A form of money with face value which is greater than the value of the metal content is

Alegal tender
Bbank notes
Ctoken money
Dcommodity money
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Question 39
jamb 2014

The net profit is the excess of gross profit and sources of income over all the expenses . This implies that net profit is

Athe difference between gross profit and trade expenses
Bthe different between gross profit and net sales
Csales less cost of sales including sales returns
Dopening stock add purchases less closing stock
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Question 40
jamb 2014

Part payments made on allotted shares by subscribers is usually the

Asubscribed capital
Bauthorized capital
Cissued capital
Dcalled-up capital
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Question 41
jamb 2014

A loan to a customer with a cheque account at a bank in which the account is allowed to go into debit is

Aoverdraft
Badvance
Cinterest
Dcommission
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Question 42
jamb 2014

Which of the following attracts only interest but leaves the capital unpaid

Aa long-term loan
Ba development bond
Ca redeemable bond
Dan irredeemable bond
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Question 43
jamb 2014

The document that explains the types of shares available for sale to the public is

Aa prospectus
Ban invoice
Can open indent
Da closed indent
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Question 44
jamb 2014

An association of voluntary organizations that work together for a common aim while retaining their independence is a

Asyndicate
Bmerger
Ccartel
Dconsortium
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Question 45
jamb 2014

The coming together of a manufacturing business with a firm that markets its products is

Abackward integration
Ba consortium
Cforward integration
Da syndicate
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Question 46
jamb 2014

The major aim of establishing a public corporation is to

Aestablish a monopoly
Bprovide essential services
Cprovide employment opportunities
Dencourage specialization
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Question 47
jamb 2014

The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is

Acaveat emptor
Buberrimae fidei
Cdemurrage
Djettison
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Question 48
jamb 2014

The distribution of petroleum products in Nigeria is through

Arail
Broad
Csea
Dair
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Question 49
jamb 2014

A trader who experienced loss through fire can be restored by

Aan insurance company
Ba trade association
Cthe bank
Dan advertising agency
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Question 50
jamb 2014

The insurance principle that allows an insurance company to take over the rights of the insured once he has been compensated is

Aindemnity
Bproximate cause
Cutmost good faith
Dsubrogation
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