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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 391
jamb 2019

Services are made up of

Avisible and invisible
BIndustry and Commerce
Cdirect and indirect services
DGoods and Services
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Question 392
jamb 2019

A counter offer is an offer that is

Adifferent from the original offer
Bbreached
Cdifferent in terms of acceptance
Dextended to several people at once
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Question 393
jamb 2019

An offer extended to several people at once is called

AAcceptance
BOfferor
CInvitation to threat
DConsideration
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Question 394
jamb 2019

Percentage of net profit to turnover

A5%
B10%
C
D20%
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Question 395
jamb 2019

Net profit

A1400
B5000
C1600
D6400
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Question 396
jamb 2019

Gross profit

A300
B3000
C6000
D11000
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Question 397
jamb 2019

Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

APrivate limited liability
BPublic limited liability
CPartnership
DCo-operative society
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Question 398
jamb 2019

The basic characteristics of co-operative society include all except one

AIt is managed democratically
BIt follows the principle of one man
CAmateur Management
DExtra capital is raised through loan
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Question 399
jamb 2019

All except one is not a corporation and boards at the federal level

AFRCN
BNNPC
CCBN
DMAN
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Question 400
jamb 2019

The difference between Articles of association and memorandum of Association is that the latter deals

Awith the Internal working relationship of the company and its members
Bwith the powers and relationships of the company with outsiders
CThe method of issue, transfer and future of the company's shares
DThe rights and responsibilities of shareholders
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Question 401
jamb 2019

A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

ADebit note
BCredit note
CWarrant
DShipping note
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Question 402
jamb 2019

The headquarters of Niger Basin Commission is located at________

AAbuja
BNiamey
CLome
DNojamena
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Question 403
jamb 2019

Tourism involving residents of the given country travelling only within this country is called__________

ADomestic Tourism
BInbound Tourism
COutbound Tourism
DTraveller's Tourism
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Question 404
jamb 2019

The following development of money have therefore been the use of, except______

ACoins
BInconvertible paper money
CCommodities
DAbacus
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Question 405
jamb 2019

A responsibility to control environmental pollution is the responsibility of____

AThe business
BThe government
CThe consumer
DThe employee
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Question 406
jamb 2019

The factors to be considered in setting up retail trade include all except_____

ACapital
BExperience
CLocation
DAge
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Question 407
jamb 2019

Advantages of pipeline transport include all except_______

ALow maintenance cost
BIt is safe
CContinuous Flow of goods
DProne to leakages
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Question 408
jamb 2019

All but one is not a demerit of advertising?

AIt leads to monopoly
BBuyers can buy unnecessarily
CIncrease in profit
DHigh cost
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Question 409
jamb 2019

The scope of commerce is limited to________

Ahome and foreign trade
Bwholesaler and retail trade
Ctrade and aids to trade
Dwholesale and entreport trade
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Question 410
jamb 2019

A two-way process which involves sending and receiving of messages is referred to as__________

AAdvertisement
BCommunication
CMarketing
DTransportation
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