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 421
jamb 2012

In case of a liquidation of a public limited liability company, those that are first paid are

Aordinary shareholders
Bprefernce shareholders
Ccumulative preference shareholders
Ddebenture holders
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Question 422
jamb 2012
The most important business objective is to
Aimprove investments
Bprovide quality products
Ctarget consumers for satisfaction
Dcarve a niche for the business
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Question 423
jamb 2012

A business organization that exploits the capabilities of a member to remedy the weaknesses of another is

Ajoint venture
Bpartnership
Cnominal partnership
Dcooperative
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Question 424
jamb 2012
The type of letters that are delivered through the normal mail or by airmail express service is referred to as
Ainland letters
Bregistered letters
Cairmail letters express letters
Dexpress letters
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Question 425
jamb 2012
Tourism serves the purpose of
Across-cultural understanding and peaceful interaction
Bopening values for leaving the country
Ceconomic development and naturilization
Dexploiting the country's natural endowment
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Question 426
jamb 2012

A person who undertakes life insurance is said to be an

Ainsurer
Bassurer
Cassured
Dinsured
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Question 427
jamb 2012

Assurance is different from insurance in that the former is based on

Aprobability
Bpossibility
Crisk
Duncertainty
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Question 428
jamb 2012
The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of
Aproximate cause
Binsurable interest
Cinsurance priority
Dsubrogation
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Question 429
jamb 2012

Communication is relevant to business activities because it

Acreates wealth for people
Breduces the cost and risk of travelling
Cconnects people
Denhances delivery of goods and servicess
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Question 430
jamb 2012

Printed messages sent by cable are recorded as

Atelegram
BSMS
Ctelex
DMMS
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Question 431
jamb 2012

A current account holder pays fees for services in form of

Abank charges
Binterest rates
Ccommission on turnover
Dminimum lending rate
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Question 432
jamb 2012

The most effective type of advertising for branded products is

Amass advertising
Bpersuasive advertising
Cinformative advertising
Dcompetitive advertising
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Question 433
jamb 2012

A bill of exchange paid before its due date at an amount less than its face value is said to have been

Aaccepted
Brejected
Cdiscounted
Ddishonoured
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Question 434
jamb 2012

Which of the following is a characteristic of a bearer cheque

Ait is made with transverse lines
Bit is made payable to whoever presents it
Cit is made without transverse lines
Dit is only payable into the payees account
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Question 435
jamb 2012

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as

A3/9;net 30
B9/27;net 30
C30;net 9/3
D9/30;net 3
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Question 436
jamb 2012

A document which serves as an order with details of goods required by an intending purchaser is

Aa freight note
Ban indent
Ca bill of landing
Da way bill
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Question 437
jamb 2012

The document a seller uses in dispatching goods to a customer by a carrier is

Aa bill of landing
Ban invoice
Can advice note
Da delivery note
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Question 438
jamb 2012

The major problem encountered in international trade is that of

Adistance
Bdifferences in culture
Cpolitics
Ddifferences in currency
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Question 439
jamb 2012

The basis for international trade is embedded in the principle of

Aabsolute advantage
Bglobalization
Cderegulation
Dcomparative advantage
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Question 440
jamb 2012

The main purpose of branding is to

Acreate identity for a product
Bmake a product look attractive
Ccreate product awareness
Dincrease sales volume
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