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.

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

132 questions
Question 1 of 20 132 total questions
Question 31
jamb 2024

Which of these is NOT a governments legislation to protect the consumer?

AFoods and drugs
BWeight and measure
CPrivatization and commercialization
DTrade description
View Explanation & Discuss
Question 32
jamb 2024

The advertising medium which uses electric current in bulbs is referred to as

Aposters
Btelevision
Cneon signs
Dbill boards
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Question 33
jamb 2024

Bonded warehouse is controlled and supervised by

Acustoms
Bnavy
Cimmigration
Dpolice
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Question 34
jamb 2024

The association that encourages savings for the benefit of its members is known as

AConsumer association
BCredit and thrift co-operative society
CConsumer co-operative society
DProducer co-operative society
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Question 35
jamb 2024

The aid to trade which enables producer and consumer to transact business without physical contact is known as

Atourism
Bcommunication
Cadvertising
Dinsurance
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Question 36
jamb 2024

The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is

Autmost good faith
Binsurable interest
Cindemnity
Dsubrogation
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Question 37
jamb 2024

The rules and regulations guiding the conduct of business transactions are known as law

Acriminal
Bcommon
Ccontract
Dcommercial
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Question 38
jamb 2024

Departmental store, supermarket and chain store are examples of

Asmall scale retailers
Bmedium scale producers
Clarge scale retailers
Dlarge scale whole-salers
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Question 39
jamb 2024

The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is

Acredit note
Badvice note
Cinvoice
Ddebt note
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Question 40
jamb 2024

The following are functions of marketing EXCEPT

Apackaging
Bdistribution
Cinsurance
Dadvertising
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Question 41
jamb 2024

The activities concerned with changing of raw materials into finished products belong to __occupation.

Acommercial
Bextractive
Cconstructive
Dmanufacturing
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Question 42
jamb 2024

The term "consumer sovereignty" means that the consumer is a

Apromoter
Bking
Cmanager
Ddirector
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Question 43
jamb 2024

Use the information below to answer this question.
Aisha sold her wristwatch to Halima for #2,000.00 and she paid. The sum of #2,000.00 is the

Aentitlement
Bconsideration
Cmoney
Dfees
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Question 44
jamb 2024

The coming together of two or more firms with each of them losing its identity is known as

Aholding
Bconsortium
Ccartel
Damalgamation
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Question 45
jamb 2024

A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling for a commission proportionate to the value of the transaction is called a

Acommissioned agent
Bdel-credere agent
Cfactor
Dspeculator
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Question 46
jamb 2024

Which of the following forms part of a company's Article of Association?

ANature and object of the business
BRegistered office
CGoodwill and status of shareholders
DName of the company
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Question 47
jamb 2024

The functions of public corporations include the following EXCEPT

Aproviding essential services to the public
Bmaximizing profits for the board members
Cproviding even development
Dproviding employment opportunities
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Question 48
jamb 2024

A typical example of an event covered by an Assurance Policy is

Aaccident
Bdeath
Cburglary
Dfire
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Question 49
jamb 2024

The document which gives complete information about the goods sold is the

Ainvoice
Border form
Cdelivery note
Dbill of exchange
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Question 50
jamb 2024

Transfer of ownership of goods sold under Hire Purchase System takes place when

Atwo instalment have been
Ba quarter of the total price is
Chalf of the total price is paid
Dthe final instalment is paid
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