Commerce Past Questions

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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 411
jamb 2019

All but one does not provide an Indirect Service?

ACustom Officers
BFamily Doctors
CCivil Servants
DLaw Makers
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Question 412
jamb 2019

In Nigeria, it is mandatory for all business enterprises to be registered with the________

AGovernment
BCorporate Affairs Commission
CAgent
DEnterprise
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Question 413
jamb 2019

In a law of contract, what is given in exchange for a promise to perform is_____

Aoffer
Bacceptance
Cwarranty
Dconsideration
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Question 414
jamb 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current liabilities

A100
B6000
C600
D3000
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Question 415
jamb 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Fixed assets

 

A6500
B2000
C4900
D600
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Question 416
jamb 2019

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current assets


 

A1600
B1060
C1500
D600
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Question 417
jamb 2019

The process of winding up or bringing a company to an end is________

ADissolution
BLiquidation
CIntegrating
DMerger
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Question 418
jamb 2019

In the formation of a united liability company, the following documents are prepared except_______

AMemorandum of Association
BArticle of Association
CStatement of Nominal Capita
DProspectus
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Question 419
jamb 2019

One of the disadvantages of Sole Proprietorship is__________

AIt requires small operations
BIt involves small capital
CIt lacks specialization
DGrants from government
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Question 420
jamb 2019

A partnership may be automatically dissolved due to the following factors except________

ACourt verdict
BJoint decision
CAdmission of new partners
DBankruptcy of a partner
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Question 421
waec 2018

The minimum lending rate of a bank is a component of its

Acurrent assets
Bdebit balances
Ccredit balance
Dfixed assets
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Question 422
waec 2018

Labour as an input in production can be motivated by

Atraining
Bprofit
Cremuneration
Dpromotion
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Question 423
waec 2018

Which of the following is a legal tender?

ACheque
BTravellers cheque
CBank note
DGoldsmith receipt
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Question 424
waec 2018

The purpose of commercialization is to?

Aencourage the participation of the private sector
Bmake state-owned firms more efficient
Cencourage the flow of foreign capital
Denable state-owned firms pay tax
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Question 425
waec 2018

The concern of a marketing manager whose company has adopted the marketing mix concept is to?

Arecruit more
Bmake maximum profit
Cidentify and satisfy customers needs
Dmaintain the company's share of the market
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Question 426
waec 2018

The inter bank indebtedness is settled at the 

Aclearing house
Bmoney market
Cdiscount house
Dstock exchange
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Question 427
waec 2018

the time allowed for loading and unloading a ship at the harbour is?

Ademurrage
Btenure
Clay days
Ddead freight
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Question 428
waec 2018

one of the aims of the European union is to?

Aease trade among member countries
Benhance better trade with Africa
Cenhance free trade with America
Doffer financial assistance to poor countries
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Question 429
waec 2018

A system of issueing new shares to selected investors instead of the general public is?

Apublic offer
Bissue by tender
Coffer for sale
Dprivate placement
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Question 430
waec 2018

A company is qouted on the stock exchange when its shares are?

Aput under private payment
Bnot for sale to the public
Clisted for sale on the exchange
Downed by the government
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