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.

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

95 questions
Question 1 of 15 95 total questions
Question 41
jamb 2008

An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?

Aforeign account
Binternational account
Cdomiciliary account
Dforeign reserves account
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Question 42
jamb 2008

In order to prevent Liquidity in commercial banks, the central banks uses?

Amoral suasion
Bfiscal policy
Creserve ratio
Dtaxation
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Question 43
jamb 2008

The components of capital employed in a business are?

Aowners' equity and long-term debts
Btotal assets and current liabilities
Cshare capital and long-term debts
Dshare capital and current liabilities
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Question 44
jamb 2008

The cheapest source of funds available to a company is through?

Athe sale of shares
Bretained profits
Cthe sale of bonds
Dlease financing
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Question 45
jamb 2008

An example of a cartel is?

AOPEC
BECOWAS
CAU
DEU
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Question 46
jamb 2008

A proposed company may not be registered if?

Athe name conficits with that of another
Bit does not put 'limited' after its proposed name
Cit has no paid-up capital
Dit has no asset of its own
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Question 47
jamb 2008

A document which gives a legal status to a company is the certificate of?

Aincorporation
Btrading
Ccommencement of business
Dbusiness registration
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Question 48
jamb 2008

The promotion of savings culture is a feature of a?

Atrade association
Bconsumers' cooperative society
Cthirft cooperative society
Dbusiness association
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Question 49
jamb 2008

The quality and quantity of production mostly depend on the?

Aeffectiveness of factors
Bavailibility of factors
Clevel of education of enterpreneurs
Dlevel of cooperation among workers
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Question 50
jamb 2008

In the long run, all factors of production are?

Afixed
Bvariable
Cmarginal
Dconstant
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Question 51
jamb 2008

The process of changing the form of a new material is known as?

Afabrication
Bextraction
Cconversion
Dproduction
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Question 52
jamb 2008

Given:
i. Shoemaker
ii. Policeman
iii. Fisherman
iv. Gardener
v.Broker

The persons engaged in primary occupation are?

Ai,iii and iv
Biii and iv
Ciii and v
Di, ii and v
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Question 53
jamb 2008

The art of soaping-making is an example of?

Aprimary occupation
Bsecondary occcupation
Ctertiary occupation
Dconstruction occupation
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Question 54
jamb 2008

An activity that involves derivation of raw materials from land and sea is?

Aconstruction
Bfarming
Cagriculture
Dextraction
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Question 55
jamb 2008

An aspect of commerce that facilitates the distribution of products is?

Atransportation
Badvertising
Cbranding
Dtrading
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