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.

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

128 questions
Question 1 of 20 128 total questions
Question 31
jamb 2023

A demonstration of social responsibility by a business is the payment of

Ainterests on loans
Btaxes to government
Cdividends to shareholders
Dpremium on insurance
View Explanation & Discuss
Question 32
jamb 2023

Good and services transferred from seller to buyer without immediate payment is referred to as

Aleasing
Bhire purchase
Ccredit sale
Dmutual understanding
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Question 33
jamb 2023

The board of directors of public enterprise is appointed by who?

Agovernment
Bmanagement
Cemployees
Dshareholders
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Question 34
jamb 2023

The act of selling in a foreign market at a price lower than the cost price is called

Adumping
Bunder sale
Chedging
Dfair trading
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Question 35
jamb 2023

The scope commerce is limited to

Ahome and foreign trade
Btrade and aids-to-trade
Cwholesale and retail trade
Dwholesale and entreport trade
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Question 36
jamb 2023

Money is generally acceptable for transaction due to

Athe central bank's governor's signature
Bthe rule of the law
Cits acceptability in the global market
Dthe legal backing
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Question 37
jamb 2023

Any activity directed at conveying commodities to buyers is an aspect of

Adelivering
Badvertising
Cselling
Dmarketing
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Question 38
jamb 2023

A major merit of the retaining middlemen is to

Aregulate price for manufacturers
Bstock perishable goods
Cpay cash to the bank for manufacturers
Dstock goods produced by different manufacturer
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Question 39
jamb 2023

The Nigerian Stock Exchange consist of

Aprimary and secondary -tier market
Bcommercial and mortgage market
Csecondary and primary market
Dmoney and commodities market
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Question 40
jamb 2023

Which of the following is a verbal means of communication

Aexpress mail
Btelephone
Ctelex
Dbusiness reply services
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Question 41
jamb 2023

A major function of trade association is to

Afoster cooperation among members
Bestablish a link among member
Cassist members to buy cars
Dhelp individuals to set up small business
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Question 42
jamb 2023

The effects of devaluation includes all except

Aexpansion of local industries
Bincrease in import
Cincrease in standard of living
Dexports become cheaper
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Question 43
jamb 2023

A partnership is dissolved due to

Aresignation of an employee
Bliquidity of the firm
Cdeath of the employee
Dinsanity of a partner
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Question 44
jamb 2023

The business unit that applies the principle of one man vote is

Apublic company
Bpartnership
Cco-operative society
Dsole properitorship
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Question 45
jamb 2023

The production of goods and services in anticipation of demand is made possible by

Awarehousing
Bpackaging
Cbranding
Dadvertising
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Question 46
jamb 2023

Risk bearing in business organisation is a function of the

Amanager
Bemployee
Centrepreneur
Dcustomers
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Question 47
jamb 2023

One of the major problems of a sole properitor is sourcing for

Alabour
Bmachineries
Craw materials
Dfunds
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Question 48
jamb 2023

Which of the following is an item in the marketing mix?

Amarket
Bconsumer
Cdemand
Dpromotion
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Question 49
jamb 2023

Land as a factor of production does not vary in

Acost
Bquality
Cquantity
Dnature
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Question 50
jamb 2023

The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as

Apicketing
Bstroke
Cconsumerism
Ddemonstration
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