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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 41
waec 2024

To inform the buyer that the goods are in transit, the seller sends 

Aa quotation
Ban invoice
Ca debit note
Dan advice note
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Question 42
waec 2024

A price quotation that includes the cost of delivering the goods up to the ship but excludes the cost of loading is 

AFAS
BFOB
CFranco
DCIF
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Question 43
waec 2024

An advanced balance payment could be corrected through 

Aincrease in the put
Bincrease in export
Creduction of export
Dremoval of tariffs
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Question 44
waec 2024

Pre-financing production is a wholesaler's function to 

Amanufactures
Bretailers
Cdistributors
Dconsumers
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Question 45
waec 2024

One of the aims of customers' association is to advocate for 

Alow-income tax
Bhigh wages
Chigh prices of product
DGood quality product
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Question 46
waec 2024

use the information below to answer this question 

opening  stock             22,000.00

purchases                    20,000.00

Debtor                          12,000.00           

Creditors                        8,000.00

Closing stock                  8,000.00

overdraft                         5,000.00

 

The value of current liabilities is 

AD10,000.00
BD13,000.00
CD13,000.00
DD15,000.00
View Explanation & Discuss
Question 47
waec 2024

use the information below to answer this question 

opening  stock             22,000.00

purchases                    20,000.00

Debtor                          12,000.00           

Creditors                        8,000.00

Closing stock                  8,000.00

overdraft                         5,000.00

 

calculate the average stock

AD15,000.00
BD14,000.00
CD13,000.00
DD10,000.00
View Explanation & Discuss
Question 48
waec 2024

An advantage of self-service to customers is that it 

Aencourages impulse buying
Benables customers to inspect goods
Cenables customers to buy on credit
Dleads to a reduction in price
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Question 49
waec 2024

A factor that determines the occupation of people living along coastal areas is 

Aavailability of housing
BGood road network
Cnatural resources available
Dsize of the population
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Question 50
waec 2024

Raw materials are classified as 

Acapital employed
Bcapital owned
Ccirculating capital
Dfixed capital
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Question 51
waec 2024

A  disadvantage of a sole trader is that they pay 

Apay tax to the government
Bhas limited liability
Chas unlimited liability
Ddoes not share profit with others
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Question 52
waec 2024

The process of making goods and proving services for consumption is

Aexchange
Boccupation
Cproduction
Dspecialization
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Question 53
waec 2024

Ship building is an activity under 

Acommercial occupation
Bindirect service
Cindustrial occupation
Ddirect service
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Question 54
waec 2024

A partner who loses his capital only, in case of bankruptcy, is a 

Aa normal partner
Ba limited partner
Cgeneral partner
Dan active partner
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Question 55
waec 2024

An example of an entrepreneur is a

Aboard member
Bdebenture holder
Cbank manager
Dsole proprietor
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Question 56
waec 2024

An example of an entrepreneur is a

Aboard member
Bdebenture holder
Cbank manager
Dsole proprietor
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Question 57
waec 2024

A source of finance peculiar to public companies is 

Asales of shares
Bpersonal savings
Cmembership contribution
Dborrowing from friends
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Question 58
waec 2024

Conversion of raw materials into finished goods is?

Atertiary production
Bsecondary production
Cprimary production
Dbatch production
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Question 59
waec 2024

The major setback of e-commerce in West Africa is?

Aunbalance economic growth
Bpoor communication infrastructure
Cpolitical interference
Dlack of industries
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Question 60
waec 2024

The development of commerce was promoted by 

Awarehousing
Btransportation
Cspecialization
Dmanufacturing
View Explanation & Discuss
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