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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.

90 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

90 questions

Question 1 of 20 90 total questions

Question 31

jamb 2020

Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by

Abankruptcy

Bbreach

Clapse of time

Dfrustration

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Question 32

jamb 2020

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

Aunity of command

Bscalar chain

Cunity of direction

Dspan of control

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Question 33

jamb 2020

An undertaking given by a person to another assuring his integrity is

Aproximate cause

Binsurable interest

Cfidelity guarantee

Dsubrogation

View Explanation & Discuss

Question 34

jamb 2020

A country is said to be experiencing an unfavourable balance of trade if her

Aexports exceed imports

Bvisible imports exceeds Visible exports

Cvisible exports exceed visible imports

Dimports and exports are equal

View Explanation & Discuss

Question 35

jamb 2020

Modern means of payment is greatly facilitated by

Ae-banking

Bpaper money

Ccredit transfer

De-commerce

View Explanation & Discuss

Question 36

jamb 2020

Given:
₦
Opening Stock 1,800
Purchases 2,800
Sales 8,000
Closing stock 350
Carriage on sales 500

Calculate the value of the unused stock.

A₦800

B₦500

C₦320

D₦350

View Explanation & Discuss

Question 37

jamb 2020

The arrangement and interrelationship of the various components and positions of a business is referred to as

Aline structure

Bunity of direction

Corganisational structure

Dclarity of objective

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Question 38

jamb 2020

An example of a computer operating system is

Athe page maker

Bwindows 2000

CMicrosoft word 2000

Dthe word perfect

View Explanation & Discuss

Question 39

jamb 2020

The central working system of a computer used for data processing is the

Amonitor

Bfloppy disk drive

Chard drive

Dmemory unit

View Explanation & Discuss

Question 40

jamb 2020

One of the merits of television as a medium of advertising is that it

Ais prone to censorship

Bis relatively cheap

Chas more network coverage

Dhas more sensory stimulation

View Explanation & Discuss

Question 41

jamb 2020

A customer with ABC Plc sent money through his account to his sister's account in another branch. This Is an example of

Ae-business

Be-commerce

Ce-banking

De-finance

View Explanation & Discuss

Question 42

jamb 2020

The process of eliminating a virus from computer is the

Aprogramming

Bformatting

Clooping

Ddebugging

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Question 43

jamb 2020

Ships used for international transport are

Aoceanliners

Byachts

Claunchers

Dtrawlers

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Question 44

jamb 2020

Given:

I. shoe maker
II. policemen
III. fishermen
IV. Gardener
V. Broker.

The persons engaged in primary Occupation are

AI, II and V

BI, III and IV

CIII and V

DIII and IV

View Explanation & Discuss

Question 45

jamb 2020

The scope of economic activities can be enlarged by

Atransportation and trading

Btrading and aids to trade

Cbusiness and its promotion

Dinsurance and banking

View Explanation & Discuss

Question 46

jamb 2020

One of the functions of the Nigeria Ports Authority is the provision of

Acarrier services to ensure speedy delivery

Bfacilities to enhance the speedy loading and offloading of cargoes

Cfacilities to ensure that goods get to the destinations

Dshelter for operators of cargoes

View Explanation & Discuss

Question 47

jamb 2020

Use the diagram above to answer this question

In the communication process. Y represents

Athe encoder

Bthe initiator

Cnoise

Dthe medium

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Question 48

jamb 2020

Use the diagram above to answer this question

X represents

Aaction

Breceiver

Ctransmission

Dideation

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Question 49

jamb 2020

One of the disadvantages of sole proprietorship is

Alimited liability

Bpride of ownership

Cunlimited liability

Dsecrecy of annual reports

View Explanation & Discuss

Question 50

jamb 2020

The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves

Aface-to-face communication with customers

Bdistributing instructional posters

Cpremium programming for Customers

Dpublishing promotional hooklets

View Explanation & Discuss

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