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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.

89 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

89 questions
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Question 1 of 9 89 total questions
Question 41
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
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Question 42
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
View Explanation & Discuss
Question 43
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 44
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
View Explanation & Discuss
Question 45
jamb 2018

Trade fairs in Nigeria are organized by

AMinistry of commerce and industry
BChambers of commerce
C
DManufacturer’s Association of Nigeria
View Explanation & Discuss
Question 46
jamb 2018

Which of the following is a verbal means of communication

ATelephone
BExpress mail
CBusiness reply services
Dtelex
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Question 47
jamb 2018

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

AFunds
BLabour
CRaw materials
DMachineries
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Question 48
jamb 2018

Current account holders withdraw money through

ACredit card
BCheque
CTransfer
DWithdrawal form
View Explanation & Discuss
Question 49
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
View Explanation & Discuss
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