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 411
jamb 2012

Modern means of payment is greatly facilitated by

Ae-commerce
Bpaper money
Ce-banking
Dcredit transfer
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Question 412
jamb 2012

Computers that process all data as binary zeros and ones are

Aanalog computers
Bdigital computers
Chybrid computers
Ddesktop computers
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Question 413
jamb 2012
Which of the following is a type of system software
Autility programmes
Bregisters
Chard drives
Dpackages
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Question 414
jamb 2012

The process of decoding data in a computer is known as

Adilution
Bdefault drive
Cdecryption
Ddata security
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Question 415
jamb 2012

The body which ensures that consumers are protected against harmful products in Nigeria is

ANAFDAC
BNDLEA
CSON
DCPC
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Question 416
jamb 2012

Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because

Aownership was transfered on completeion of installment
Bownership was transfered on delivery
CYahaya could not pass title to a third party
DAli was still indebted to Yahaya
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Question 417
jamb 2012

A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a

Acommission agent
Bdel credere agent
Cbroker
Dfactor
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Question 418
jamb 2012

Good and services are made available to consumers through

Athe channel of distribution
Bsales promotion
Cthe advertising agency
Dthe middle men
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Question 419
jamb 2012

An organization which focuses on consumer satisfaction is practicing

Aconsumerism
Bmarket segmentation
Cselling concept
Dmarketing concept
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Question 420
jamb 2012

One of the characteristics of a good organizational chart is that it should

Abe rigid
Bshow government policy
Cfacilitate communication
Dbe acceptable
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Question 421
jamb 2012

The promotion of team spirit in an organization is referred to as

Aunity of direction
Bespirit de corps
Cunity of purpose
Ddiscipline
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Question 422
jamb 2012
Under what management function will the motivation of employees fall
Astaffing
Bcontrolling
Corganizing
Ddirecting
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Question 423
jamb 2012

Securities that entitle the investor to coupon rates are

Abonds
Bequities
Cwarrants
Dtreasury bills
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Question 424
jamb 2012

The promotion and protection of trade industry and agriculture through trade fairs is a function of

ANACRDB
BNACCIMA
Cthe consumer protection council
Dthe chamber of commerce
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Question 425
jamb 2012

The main objective of a trade association is to

Aprotect its members against litigation
Bboost the trade of its members
Csecure credit for its members
Dprotect its members against victimization
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Question 426
jamb 2012

Given:

opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500

calculate the value of the unused stock.

A#800
B#500
C#350
D#320
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Question 427
jamb 2012

A company has an authorized capital of 40 million shares at N1 each, out of which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares?

Ait has been issued but not paid-up
Bit has been applied for but not issued
Cit is not paid-up
Dit has not yet been issued
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Question 428
jamb 2012

The portion of the authorized share capital given out to the public for subscription is

Acalled-up capital
Bissued capital
Cpaid-up capital
Dreserved capital
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Question 429
jamb 2012

A business organization can obtain long term financing through

Abank overdraft
Bthe sale of shares
Ccredit purchases
Dbureau de change
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Question 430
jamb 2012

A feature common to public and private limited liability companies is that

Aboth can sue and be sued
Bthe minimum number of their shareholders is five
Cthe transfer of their shares is not restricted
Dtheir annual accounts are published for public use
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