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.

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

98 questions
Question 1 of 20 98 total questions
Question 31
jamb 2016

Complying with the rules relating to the conduct of business activities in a country is an aspect of

Acultural enviroment
Bdemographic environment
Clegal environment
Dpolitical environment
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Question 32
jamb 2016

Discharging certian duties by an organization to the public to gain high patronage is a concern of ?

Afinancial responsibility
Beconomic responsibility
Clegal responsibility
Dsocial responsibility
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Question 33
jamb 2016

Labour as an input in production can be motivated by

Atraining
Bprofit
Cremuneration
Dpromotion
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Question 34
jamb 2016

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

Acartel
Bsyndicate
CChamber of Commerce
DNigeria Bar Association
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Question 35
jamb 2016

An ancillary to trade which promotes socio - cultural development all over the world is

Atransportation
Bcommunication
Ctourism
Dinsurance
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Question 36
jamb 2016

One of the functions of the Nigerian Ports Authority is that it

Agives preferential treatment to Nigerian investors
Bprovides credit facilities to importers
Cencourages the growth of infant industries
Dprovides warehosing facilities at the docks
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Question 37
jamb 2016

Which of the following is the best method for computing working capital

ATotal assets less current liabilities
BCurrent liabilities less current assets
CFixed liabilities less current assets
DCurrent assets less current liabilities
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Question 38
jamb 2016

The minimum lending rate of a bank is a component of its

Acurrent assets
Bdebit balances
Ccredit balance
Dfixed assets
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Question 39
jamb 2016

One of the factors of determining the volume of production is

Aavailablity of forex
Bavailability of storage facilities
Cthe location of the business
Dthe number of skilled manpower
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Question 40
jamb 2016

One of the functions of the retailer is

Agranting credit facilities to close relatives
Bprovision of after - sales services
Cbranding and packaging of goods
Dwarehousing of goods
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Question 41
jamb 2016

Which of the following is a traditional medium of communication used to mark festivals?

APalm frond
BMetal gong
CTalking drum
DGum blast
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Question 42
jamb 2016

Which of the followingis a modern trend in retailing ?

AKiosk
BMobile shop
CVending machine
DTied shop
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Question 43
jamb 2016
A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only
Aafter the offeror has made an offer
Bwhen the offeror's letter has reached the offeree
Cwhen the offeree's letter has been posted
Dafter the offeree's letter has been recieved by the offeror
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Question 44
jamb 2016

When expenses on trading are deducted, the result is the

Arate of turn over
Bnet profit
Cgross profit
Dcost of goods sold
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Question 45
jamb 2016

In the transportation industry, dead freight is used to describe the

Acost paid for an empty space left in the ship
Bcharge for each day a performance was delayed
Cpersons that hire a ship for a specific purpose
Dcost of shipping a particular cargo for a specific voyage
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Question 46
jamb 2016

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

Atarget return pricing
Bmarket skimming
Cvariable pricing
Dmarket penetration
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Question 47
jamb 2016

A formal letter to a dealer to enquire details about certain items for sale is referred to as

Aan inquiry
Ban invoice
Can order
Da quotation
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Question 48
jamb 2016

Funds used for paying wages, salaries and payments for raw materials are categorized under

Aliquid capital
Bcirculating capital
Cfixed capital
Dnominal capital
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Question 49
jamb 2016
A document that serves as an instument for perferential tariff is referred to as
Aan indent
Ba certificate of origin
Ca consular invoice
Dan advice note
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Question 50
jamb 2016

The buying and selling of goods and services is referred to as

Atrading
Bmarketing
Cinsurance
Dadvertising
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