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 401
waec 2009

Who among the following has no voting right?

APreffered ordinary share holders
BOrdinary shareholders
CDeffered shareholders
DDebenture holders
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Question 402
waec 2009

Which of the following justifies the existence of public enterprises

AMaking quick decision
BCreating monopoly
CMaking profit for government
DProviding essential services
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Question 403
waec 2009
The owners of a public limited company are?
Aboard of directors
Bmanagement team
Cshareholders
Dgovernment
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Question 404
waec 2009

Which of the following is not an example of Marine insurance?

AFidelity
BHull
CCargo
DFreight
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Question 405
waec 2009

A sale agreement whereby the buyer takes possession but not title to the goods is

Acredit purchase
Bhire purchase
Cauction sales
Ddirect sales
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Question 406
waec 2009

Those who are engaged in exploiting natural resources are in

Acommercial occupation
Bconstructive occupation
Cmanufacturing occupation
Dextractive occupation
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Question 407
waec 2009

The nominal value of kC Ltd's share is 50k and the market value is 70k. This means that the company's shares are selling

Aat par
Bex dividend
Ccum dividend
Dat premium
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Question 408
waec 2009

Which of the following is not a means of transportation by water

ACanoes
BLaunches
CTramps
DCarts
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Question 409
waec 2009
Exchange is facilitated by
Ataxation
Bquotas
Cspecialization
Dgood supervision
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Question 410
waec 2009
A private limited company differs from a public limited company because it
Aoffers rights issues to existing shareholders
Bhas a separate entity from the owners
Ccannot easily transfer shares
Ddeclares dividend
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Question 411
waec 2009

Which of the following features is common to all retailers

AOperating as sole-proprietors
BSelling to the final consumers
COperating with small capital
DSelling on hire purchase to consumers
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Question 412
waec 2009

The internal regulations of a limited company are stated in the

AMemorandum of Association
BCertificate of Incorporation
CArticles of Association
DShare certificate
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Question 413
waec 2009

The document which helps to determine the country from where goods were imported is

Abill of lading
Bship's manifest
Ccertificate of origin
Dcertificate of trading
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Question 414
waec 2009
Which of the following is a reduction in the catalogue price?
ARebate
BCash discount
CCommission
DTrade discount
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Question 415
waec 2009
Stocks, shares and debentures traded in the stock exchange are called
Abears
Bbulls
Csecurities
Dcollaterals
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Question 416
waec 2009

For overstaying in a port, a ship is charged a fine called

Adock due
Bcommission
Cinterest
Ddemurrage
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Question 417
waec 2009

A ship that travels without schedule is called a

Apassenger liner
Btramp
Ccargo liner
Dtanker
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Question 418
waec 2009

Which of the following is a source of capital to a sole proprietorship?

ALoans from friends
BAdmission of new member
CIssue of shares
DIssue of debentures
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Question 419
waec 2009

The mode of conveying liquids and gases through an underground channel is

Apipeline
Brail transport
Croad transport
Dsea transport
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Question 420
waec 2009

The letters R/D on a cheque shows that the cheque is

Apaid
Bdishonoured
Ccertified
Daccepted
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