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.

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 431
waec 2018

The functions of money do not include

Astore of value
Bmedium of exchange
Cdouble coincidence of wants
Dmeans of deferred payment
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Question 432
waec 2018

A put option in the stock exchange is an option

Ato sell
Bnot to sell
Cto buy
Dnot to buy
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Question 433
waec 2018

which of the following documents is used when goods are being sent by a common carrier

Adelivery note
Bconsignment note
Cadvice note
Dcredit note
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Question 434
waec 2018

The insurance policy taken to cover dishonesty of account personnel of an organisation is? 

Aemployers laibility
Bfidelity guarantee
Clife endowment
Dmarine insurance
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Question 435
waec 2018

The reason for sending a proforma invoice to a potential customer is that it is?

Aan indication of the seller's willingness to grant credit
Ba polite way of telling the customer to return the goods
Can invitation to the buyer to buy on hire purchase
Da polite way of refusing to sell on credit
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Question 436
waec 2018

which of the following features is not associated with a chamber of commerce? it is 

Ademocratically administered
Ban independent association
Copen only to entrepreneurs
Da voluntary association
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Question 437
waec 2018

Exchange of goods in international market which does not involve the use of money is a

Abarter trade
Bentreport trade
Ccounter trade
Dbilateral trade
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Question 438
waec 2018

A business which requires a certificate of trading in order to commence operation is a? 

Aco-operative society
Bprivate company
Csole propietorship
Dpublic company
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Question 439
waec 2018

If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?

A1.2 times
B1.5 times
C2.0 times
D7.5 times
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Question 440
waec 2018

The path through which a product moves from the manufacturer to the consumer is a?

Achannel of communication
Bline of production
Cmeans of transportation
Dchannel of distribution
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Question 441
waec 2018

which of the following statement is true of a debenture?

Aits holders receive interest
Bit forms part of a company's authorized capital
Cits owners are co-owners of the company
Dits owners control the company
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Question 442
waec 2018

An association of businesses engaged in both trade and industry is a?

Aco-operative society
Btrade union
Ctrust fund
Dchamber of commerce
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Question 443
waec 2018

multilateral trade is carried out 

Abetween two countries only
Bwithin many countries
Camong many countries
Dbetween neighbouring countries only
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Question 444
waec 2018

The portion of share capital which the company has asked shareholder to pay is?

Acalled-up capital
Bauthorized capital
Cpaid-up capital
Dunpaid capital
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Question 445
waec 2018

which of the following is a source of short term finance

Ahire purchase
Boverdraft
Clease
Ddebenture
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Question 446
waec 2018

one disadvantage of a sole proprietorship is?

Aquick decision making
Bunlimited liability
Cpride of ownership
Dunlimited source of capital
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Question 447
waec 2018

one example of of a product of a construction industry is a

Achair
Bbag of cement
Cpiece of cloth
Dtelevision
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Question 448
waec 2018

A person authorized to sell the property of a company in a winding up is 

Aan auctioneer
Ban agent
Ca liquidator
Da bailee
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Question 449
waec 2018

Activities which fascilitates commerce include

Aengaging youths in environmental sanitation
Bfunding political campaigns
Cproviding recreational facilities
Dimproving road network
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Question 450
waec 2018

A document through which invitation is extended to the public to subscribe to shares is?

Aarticle of association
Bmemorandum of association
Cprospectus
Dqoutation
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