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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 401
jamb 2013

A business partner who provides capital but abstains from participation in administration of a firm is a

Ageneral partner
Bnominal partner
Csecret partner
Ddormant partner
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Question 402
jamb 2013

In order to increase the capital owned, a sole trader may

Aseek for bank loan
Bissue debentures
Cacquire extra shop fittings on credit
Ddraw less of his profit for personal use
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Question 403
jamb 2013

An importance of warehousing is in the

Aproduction of goods
Btransportation of goods
Cimportation of goods
Drepackaging of goods
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Question 404
jamb 2013

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

Aproximate cause
Bfidelity guarantee
Csubrogation
Dinsurable interest
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Question 405
jamb 2013

The most reliable and efficient means of conveying urgent documents is through

Apostal order
Bordinary letters
Cregistered letters
Dcourier services
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Question 406
jamb 2013

The two main forms of communication are

Aoral and written
Bverbal and non-verbal
Ce-mail and fax
Dtraditional and modern media
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Question 407
jamb 2013

Which of the following advertising medium appeals to only the literate in the society

Aradio advertising
Bprint media advertising
Ctelevision advertising
Dcinema advertising
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Question 408
jamb 2013

A country's terms of trade are said to improve when the ratio of her export

Adecreases
Bremains constant
Cincreases
Dequals import
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Question 409
jamb 2013

The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a

Aconsular invoice
Bcertificate of origin
Cbill of lading
Dclose indent
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Question 410
jamb 2013

The document lodged with the customs authorities before a ship can leave the port is a

Ashipping note
Bship report
Cship manifest
Ddock warrant
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Question 411
jamb 2013

The role of customs and exercise authority includes the

Aprovision of a good transport system to facilitate imports and exports
Bprovision of security at the port
Ccontrol of the flow of goods in and out of the country
Dprovision of dockyards for ship repairs
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Question 412
jamb 2013

Trading position of Nigeria is the same as her

Adesire to trade with many countries
Bwillingness to grant credit to foreigners
Cbalance of trade
Dterms of trade
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Question 413
jamb 2013

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

Aexports exceed imports
Bvisible exports exceed visible imports
Cimports and exports are equal
Dvisible imports exceed visible exports
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Question 414
jamb 2013

The final link in the chain of distribution is

Amiddlemen
Bwhole saling
Cconsumer
Dretailing
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Question 415
jamb 2013

The assembling of products into usable forms is known as

Acreation
Bmanufacturing
Cconstruction
Dformation
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Question 416
jamb 2013

The type of labour that makes use of physical effort in production processes is the

Aunskilled labour
Bskilled labour
Cblue-collar job
Dwhite-collar job
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Question 417
jamb 2012

Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized

Acompanies
Bbrokers
Cinvestors
Dprincipals.
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Question 418
jamb 2012

If the rate of turnover of a company in 1999 was 4 times while the average stock was N 49,600, determine the turnover.

AN 199,400
BN 198,400
CN100,200
DN99,200
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Question 419
jamb 2012

A business organization must always consider the overall effect of its actions on the

Acompetitor
Bproduct
Cprofit
Dsociety
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Question 420
jamb 2012

The provision of quality and safe products which guarantee the health of consumers is an example of

Aquality control
Bprice control
Ccivic responsibility
Dsocial responsibility
View Explanation & Discuss
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