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 481
jamb 2018

Which of the following functions is not performed by warehousing?

AStabilization of price
Bproduction ahead of demand
Ccreating scarcity of goods
Dstorage of goods
View Explanation & Discuss
Question 482
jamb 2018

What is a Quota?

ATax pad on goods produced within a country
BA physical restriction placed on quantity of goods that can be imported
CTax paid on goods produced outside a country
DBan on all imported goods
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Question 483
jamb 2018

In the law of contact, a counter offer operates as

AA contact
Ban acceptance
Ca rejection
Da consensus
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Question 484
jamb 2018

Privatization is

ATransfer of ownership from individual to government
BTransfer of ownership from government to stakeholders
CTransfer of ownership from government to individuals
DGovernment taking charge of all businesses
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Question 485
jamb 2018

Trade fairs in Nigeria are organized by

AMinistry of commerce and industry
BChambers of commerce
C
DManufacturer’s Association of Nigeria
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Question 486
jamb 2018

Which of the following is a verbal means of communication

ATelephone
BExpress mail
CBusiness reply services
Dtelex
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Question 487
jamb 2018

One of the major problems of a sole proprietor is sourcing for

AFunds
BLabour
CRaw materials
DMachineries
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Question 488
jamb 2018

Current account holders withdraw money through

ACredit card
BCheque
CTransfer
DWithdrawal form
View Explanation & Discuss
Question 489
jamb 2018

The act of selling in a foreign market at a price lower than the cost price is called

ADumping
Bhedging
Cfair trading
Dunder sale
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Question 490
waec 2017

Balance of payment deficit may be caused by?

Arevaluation of currency
Bsales of foreign reserves
Cunrestricted exports
Dunrestricted imports
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Question 491
waec 2017

which of the following bussinesses relies on government subvention for its operation?

Apublic corporation
Bpublic limited liability company
Cco-operative society
Dprivate limited liability company
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Question 492
waec 2017

one of the aims of ECOWAS is to?

Adiscourage foreign investors
Bpromote privatization policy
Censure production of quality goods
Dpromote trade within the region
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Question 493
waec 2017

The tranfer of government businesses to individuals is?

Acommercialization
Bprivatization
Cderegulation
Dnationalization
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Question 494
waec 2017

which of the following is a type of marine insurance.

Aendowment
Bhull
Cfidelity
Daccident
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Question 495
waec 2017

which of the following countries is a member of the lake chad basin commission

AThe Gambia
BCameroon
CGhana
DGuinea
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Question 496
waec 2017

the law that protects a musician's work from piracy is?

Ausury law
Bcopyright law
Ctrademark
Dhire purchase
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Question 497
waec 2017

under the principle of subrogation, the insurer has the right to?

Aabrogate the contract
Bre-insure the property
Ctake over any legal rights of the insured
Dtake over all the liabilities of the insured
View Explanation & Discuss
Question 498
waec 2017

The organisation of local and international trade fairs is the responsibilty of

Atrade aasociations
Blabour unions
Cchamber of commerce
Dcustom and excise authorities
View Explanation & Discuss
Question 499
waec 2017

which of the following is not a tool for sale

Apublicity
Bexhibition
Ccompetition
Dfree samples
View Explanation & Discuss
Question 500
waec 2017

The term which enjoins a buyer to examine goods thoroughly before making payment is?

Auberimae fidei
Bcaveat venditor
Cconsumer sovereignty
Dcaveat emptor
View Explanation & Discuss
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