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 451
jamb 2011

The document which can be exchange for a bill of lading is?

Afreight note
Bmate receipt
Cexport invoice
Dship report
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Question 452
jamb 2011
A document that indicates obligation that is transferable by delivery and endorsement is a?
Abill of lading
Bbill of exchange
Cdocumentary evidence
Dnegotiable instrument
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Question 453
jamb 2011

The three components of a country's balance of payments are?

Acurrent account, capital account and monetary movement account
Bcapital account, trade account and business record
Csales account, profit and loss account and capital account
Dmonetary movement account, trade account and sales ledger
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Question 454
jamb 2011

Balance of payment problems arise if a country's?

Aexports is more than imports
Bimports is more than exports
Ccurrency devaluation
Dinvisible exports is more than visible exports
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Question 455
jamb 2011

The main frame of selling directly to the consumers by manufacturers is to?

Areduce transportation cost
Bmake contact with individual consumers
Cdiscourage the activities of middlemen
Dmaximize profit margin
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Question 456
jamb 2011

One of the functions of a retailer is the?

Afinancing of production activities
Bprovision of credit facilities to relations
Cprovision of jobs for customers
Dbreaking of bulk
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Question 457
jamb 2011

An individual that links the producer with the retailer is?

Aan agent
Ba wholesaler
Can entrepreneur
Da principal
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Question 458
jamb 2011
Which of the following is a limitation of division of labour?
ADecline in craftmanship
BMonotony of work
CReduction in output
DReduction in labour force
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Question 459
jamb 2011

Resources obtained from the extractive sector that are transformed into finished products are examples of?

Aprimary production
Btertiary production
Cdirect production
Dsecondary production
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Question 460
jamb 2011

The creation of goods and services to satisfy human wants is referred to as?

Amanufacturing
Bcommercialization
Cproduction
Dentrepreneurship
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Question 461
jamb 2011

Service rendered to the public is provided by?

Agovernement
Bcivil servants
Cprofessionals
Ddomestic servants
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Question 462
jamb 2011

An oil exploration company is engaged in?

Atertiary production
Bconstructive occupation
Cextractive occupation
Dsecondary production
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Question 463
jamb 2011

The three main classification of occupation are?

Aconstruction, trade and services
Bmanufacturing, industry and services
Cfarming, banking and trading
Dindustry, commerce and services
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Question 464
jamb 2011

The most important function of commerce is in?

Aenhancing business relationships
Bhelping people to improve their profits
Cfacilitating exchange among individuals and firms
Dassisting trade through banking and insurance
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Question 465
jamb 2010

In e-banking, ATM means

AAuthentic Teller Manchine
BAutmatic Teller Machine
CAll-purpose Teller Machine
DAutomated Teller Machine
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Question 466
jamb 2010

One way by which a business can discharge its social responsibility to its community is to?

Ahold monthly meetings of its customers
Bbuilding houses for its executives
Caward scholarship to staff children
Dbuild public health centres
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Question 467
jamb 2010

A device that enables the downloading of information from the internet is the?

Afloppy drive
Bcompact disk
Cmodem
Dbluetooth
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Question 468
jamb 2010
The major problem confronting Cyber Cafe operators is?
Aadvance fee fraud by clientele
Bpoor network coverage
Chigh operating costs
Dcopyright voilations by clients
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Question 469
jamb 2010

The central working system of a computer used for data processing is the?

Amemory unit
Bmonitor
Cfloppy disk drive
Dhard drive
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Question 470
jamb 2010

A printed copy of processed information from the computer is the?

Asoft copy
Bfile copy
Cscanned copy
Dhard copy
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