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 41
jamb 2025

The process of making goods attractive and easy to handle is 

 

Alabelling
Bbranding
Cpackaging
Dmerchandising
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Question 42
jamb 2025

All activities involved in the distribution and exchange of goods and services are referred to as

 

Amarket survey
Badvertising
Ctrade
Dcommerce
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Question 43
jamb 2025

The transfer of risks already undertaken from one insurance company to another is?

 

ARe-insurance
BUnder insurance
COver-insurance
DGroup insurance
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Question 44
jamb 2025

Which of the following carries specialized goods?

 

AFerry
BLiner
CTanker
DTramp
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Question 45
jamb 2025

Encouraging a high quality of member's products through the circulation of research information is a function of

 

AConsumers' Association
BManufacturers Association
CEmployers' Association
DTrade Union
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Question 46
jamb 2025

An insurance policy that covers the body of the ship only is called

 

AVoyage insurance
BHaulage insurance
CHull insurance
DCargo insurance
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Question 47
jamb 2025

Which of the following is the clearing house for all the banks in the country?

 

AThe Nigerian Industrial Development Bank
BThe Central Bank of Nigeria
CThe Nigerian Bank for Commerce and Industry
DThe Federal Mortgage Bank of Nigeria
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Question 48
jamb 2025

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock D3,000. The average
stock is

 

AD3,000
BD2,500
CD5,000
DD2,000
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Question 49
jamb 2025

The charge paid to a ship owner for the unused part of a ship is known as

 

Apenalty
Bdead freight
Cdock dues
Ddemurrage
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Question 50
jamb 2025

A worker who processes garri is engaged in

 

Aexchange
Bextracting
Cconstructing
Dmanufacturing
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Question 51
jamb 2025

Use the following information below to answer the question
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for ₦30,000
What is the cost of goods sold?

 

A₦20,000
B₦30,000
C₦15,000
D₦25,000
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Question 52
jamb 2025

Use the following information below to answer the question
Ojo bought a bicycle for ₦20,000, and repaired it at a cost of ₦5,000. He then sold the bicycle for ₦30,000
What is the percentage of expenses over cost?

 

A25%
B17%
C33%
D50%
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Question 53
jamb 2025

Use the following information below to answer the question
Ojo bought a bicycle for ₦20,000, and repaired it at a cost of ₦5,000. He then sold the bicycle for ₦30,000
What was his net profit?

 

A₦5,000
B₦15,000
C₦35,000
D₦25,000
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Question 54
jamb 2025

Examples of current assets are

 

Atrade debtors, trade creditors and cash
Bcash and trade creditors
Ctrade creditors and trade debtors
Dcash and trade debtors
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Question 55
jamb 2025

The difference between a country's imports and exports of goods in a particular year is

 

Abalance of trade
Bbalance of payment
Cterms of trade
Dterms of payment
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Question 56
jamb 2025

In which of the following organizations are members entitled to one vote, irrespective of the number of shares held?

 

APartnership
BCo-operative society
CLimited company
DPublic corporation
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Question 57
jamb 2025

Taxes imposed on locally made goods are known as

 

Aad valorem duties
Bexcise duties
Cimport duties
Dexport drawback
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Question 58
jamb 2025

The expert who calculates premium for an insurance company is?

AA broker
BAn assessor
CAn actuary
DAn underwriter
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Question 59
jamb 2025

Which of the following does not belong to the group?

 

APosters
BFree samples
CHoarding of goods
DWindow display
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Question 60
jamb 2025

Which of the following functions of the wholesaler helps to stabilize prices

 

AProvision of credit
BAdvice to retailers
CWarehousing
DFinancing
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