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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.

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

97 questions
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Question 1 of 17 97 total questions
Question 41
waec 1990
Efforts geared towards establishing and maintaining good image for a company is termed?
Ahuman relations
Bprofessional relations
Cpublic relations
Dtrade relations
Epersonnel relations
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Question 42
waec 1990
Which of the following is a form of sales promotion?
APromotion through radio
BAdvertising by television
CDistributing printed sales literature
DOffering free samples to customers
EAdvertising by posters
View Explanation & Discuss
Question 43
waec 1990
Which of the following advertising media combines the advantages of sound and motion?
ARadio
BNeon signs
CPress
DHoarding
ETelevision
View Explanation & Discuss
Question 44
waec 1990
The exchange of goods for other goods in home trade is known as?
Aentrepot trade
Bhome trade
Cbarter trade
Dforeign trade
Ecounter trade
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Question 45
waec 1990
The purpose of of issuing a credit note is to?
Acorrect errors of overcharging
Bcorrect errors of undercharging
Cwrite off bad debts
Dencourage immediate payment
Eencourage bulk buying
View Explanation & Discuss
Question 46
waec 1990
In which class of occupation would you place a taxi driver?
AExtractive
BIndirect services
CPersonal services
DPrimary production
ECommercial services
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Question 47
waec 1990
Which of the following is not a factor of product?
ACapital?
BLand
CLabour
DOrganization
EStaffing
View Explanation & Discuss
Question 48
waec 1990

If a retailer Mr. Aigbojie buys goods manufactured by Adefila Limited from wholesaler Mrs. Jumai, who will prepare the delivery note?

AMr. Aigbojie
BAdefila Limited
CMrs. Jumai
DMr. Aigbojie and Adefila Limited
EAdefila Limited and Mrs. Jumai
View Explanation & Discuss
Question 49
waec 1990
The oldest and commonest form of business in Nigeria is?
Apartnership
Bthe co-operative society
Csole proprietorship
Djoint stock veture
Epublic corporation
View Explanation & Discuss
Question 50
waec 1990
Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The cost of goods sold is?
AN6000
BN10000
CN42000
DN16000
E20000
View Explanation & Discuss
Question 51
waec 1990
Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The average stock is?
AN2000
BN3000
CN5000
DN6000
EN7000
View Explanation & Discuss
Question 52
waec 1990
Which of the following is one of the functions of commerce?
AManufacturing
BGrowing of tomatoes
CStorage of goods
DConstruction of roads
ECar assemblying
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Question 53
waec 1990
Which of the following does not belong to the industry?
AFarming
BInsuring
CMining
DDrilling
EFishing
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Question 54
waec 1990
The three main division of production include industrial?
Acommercial banking services
Bcommercial and services
Ctransportation and services
Dmanufacturing and services
Ebanking and services
View Explanation & Discuss
Question 55
waec 1990
Which of the following statements is not true?
ACommercial services are the life's blood of a country's economic system
BThere cannot occur commercial services unitl goods have been produced
CWithout commercial services must goods and services will not produced
DThere is no stage of production that does not employ commercial services
ECommercial services add to the value of a product
View Explanation & Discuss
Question 56
waec 1990
The major divisions of Commerce are?
Aimport, export and transport
Btrade, communication and warehousing
Ctrade and auxiliaries to trade
Dexchange, consumption and production
Eimport, trade and production
View Explanation & Discuss
Question 57
waec 1990
Paper money originated in form of receipt given by?
Amoney lenders
Bgoldsmiths
Cbankers
Dtraders
Ethrift societies
View Explanation & Discuss
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