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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 391
waec 2010

The selling of articles from place to place on foot is

Amail order
Bitinerant trading
Cbarter
Dself service
View Explanation & Discuss
Question 392
waec 2010

One roof containing a number of shops is a

Atied shop
Bmail order firm
Cdepartment store
Dchain store
View Explanation & Discuss
Question 393
waec 2010

The import of foreign-produced goods to be re-exported is known as

Adomestic trade
Bwholesale trade
Centrepot trade
Dcounter trade
View Explanation & Discuss
Question 394
waec 2010
Which of the following factors is not to be considered in starting a retail trade?
ASize of the business
BNature of the business
CAmount of capital required
DLevel of tax payable
View Explanation & Discuss
Question 395
waec 2010

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

Abuy from many manufacturers
Bmaintain personal relationship with customers
Cstock only one line of goods in their stalls
Ddo not separate business money from personal money
View Explanation & Discuss
Question 396
waec 2010

Which of the following describes the reason for international trade

ABalance of payment
BComparative cost advantage
CAbsolute cost advantage
DBalance of trade
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Question 397
waec 2010

If a businessman wants to insure against dishonesty of the cashier, he will take

Aburglary policy
Ban employer's liability cover
Ca fidelity guarantee cover
Da consequential loss policy
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Question 398
waec 2010

Which of the following can quote its shares on the stock exchange

APartnership
BSole-proprietorship
CCo-operative society
DPublic limited company
View Explanation & Discuss
Question 399
waec 2010

A bonded warehouse is a place for keeping

Acontraband goods
Bdutiable goods
Ctax free goods
Dsmuggled goods
View Explanation & Discuss
Question 400
waec 2009

The cost of advertising is ultimately borne by the

Amanufacturer
Bconsumer
Cwholesaler
Dretailer
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Question 401
waec 2009

A place where dutiable goods are kept until duties on them are paid is known as

Aprivate warehouse
Bpublic warehouse
Cbonded warehouse
Dmanufacturer's warehouse
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Question 402
waec 2009

Which of the following is not a function of an entrepreneur?

ACo-ordination
BRisk-bearing
CEntertaining
DMaking decision
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Question 403
waec 2009

The post office service that allows a traveler without a fixed address to collect his letter is known as

Apost restante
Brecorded delivery
Cspeed post
Dexpress service
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Question 404
waec 2009

Which of the following note will be sent to a buyer to inform him that the goods he ordered have been dispatched?

AAdvice note
BDelivery note
CCredit note
DConsignment note
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Question 405
waec 2009

A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as

Agroup policy
Bwhole life policy
Cendowment policy
Dterm policy
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Question 406
waec 2009
Which of the following are exclusively functions of marketing?
ABuying, pricing, selling and promotion
BRisk-bearing, storage, production and transporting
COrganizing, risk-bearing, transporting and storage
DProduction, promotion, distribution and recruiting
View Explanation & Discuss
Question 407
waec 2009

The police and the army are engaged in

Adirect service occupation
Bindirect service occupation
Cindustrial occupation
Dprimary occupation
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Question 408
waec 2009

Which of the following is not a function of the commercial bank?

ACollection of deposit
BSafe custody services
CIssuing of currency
DAgents of payment
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Question 409
waec 2009

Life assurance premium is determined by the assured's

Aeducational level
Bage
Creputation
Dnumber of children
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Question 410
waec 2009

One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to

Asettle interbank indebtedness
Blend to poor countries
Coversee the activities of banks abroad
Dencourage trade liberalization
View Explanation & Discuss
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