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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.

139 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

139 questions

Question 1 of 20 139 total questions

Question 31

jamb 2018

i. personal savings. ii. retained earnings iii. accrued taxes. Which of the items constitute internal sources of financing for companies?

Ai and ii

Bi and iii

Cii and iii

Di, ii and iii

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Question 32

jamb 2018

A form of ownership which exploits the strenght of one partner to remedy the weakness of the other is the?

Ajoint partnership

Bcooperative

Ccorporation

Djoint venture

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Question 33

jamb 2018

The first known legislation to protect consumer rights in Nigeria is the?

Ausury laws

Bsale of goods act

Chire purchase act

Dfood and drugs act

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Question 34

jamb 2018

A chamber of commerce is an association made up of?

Amerchants

Bmanufacturers

Centrepreneurs

Dimporters

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Question 35

jamb 2018

The three components of staffing are?

Arecruitment, interview and appointment

Brecruitment, selection and placement

Crecruitment, test and placement

Drecruitment, procurement and appointment

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Question 36

jamb 2018

A form of money that has gone out of use is ?

Acommodity money

Bbank money

Cpaper money

Dforeign money

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Question 37

jamb 2018

On liquidation of a public limited liability company, the residual owners are the?

Acreditors

Bdebenture shareholders

Cpreference shareholders

Dordinary shareholder

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Question 38

jamb 2018

The insurance principle that requires full disclosure of information on the insured is known as ?

Aindemnity

Bcaveat emptor

Csubrogation

Duberrimae Fidel

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Question 39

jamb 2018

A printer that burns the print image into the photosensitive drum is called?

Adot matrix printer

Blaser printer

Cdaisy wheel printer

Dthermal printer

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Question 40

jamb 2018

The share capital value that forms part of the balance sheet total is the?

Aissued share capital

Bcalled-up share capital

Cauthorised share capital

Dpaid-up share capital

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Question 41

jamb 2018

services which are of absolute monopoly can best be provided by?

Aprivate companies

Blimited liability

Cpublic companies

Dpublic enterprises

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Question 42

jamb 2018

Extractive industries may also be denominated as?

Adirect industries

Bservice industries

Cprimary industries

Dindirect industries

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Question 43

jamb 2018

One of the factors which critically determines the choice of occupation is?

Atraining

Bskill

Captitude

Dinterest

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Question 44

jamb 2018

Sudden technological changes can have the effect of making?

Aa company's management style ineffective

Ba company's product obsolete

Cthe control mechanism difficult to implement

Dthe motivational factors in the company difficult to monitor

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Question 45

jamb 2018

When a vendor supplies news papers from house to house and across the streets, the element of marketing mix involved is?

Aproduct

Bprice

Cpromoting

Dplace

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Question 46

jamb 2018

The main objective of a trade association can best be described as promoting and protecting ?

Athe product

Bcommon interest

Cthe market

Dcustomer's interest

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Question 47

jamb 2018

one of the criteria for differenciating consumer markets from industrial ones is the?

Atype of demand

Btype of supply

Cnature of service rendered

Dprice of the goods

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Question 48

jamb 2018

Bank giro is a system where?

Acommercial banks can give loan to all customers.

Ba central bank opens accounts for commercial banks

Ca customer uses a cheque to pay several bills.

Da customer closes his account by writing a cheque

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Question 49

jamb 2018

A person who undertakes any risk in insurance business is known as ?

Aa broker

Ban underwriter

Can insurer

Dan actuary

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Question 50

jamb 2018

Excise duties are paid on goods that are?

Aimported into the country

Bmanufactured within the country

Cexported to other countries

Dkept in bonded warehouse

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