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.

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

99 questions
Question 1 of 19 99 total questions
Question 41
jamb 2012

Assurance is different from insurance in that the former is based on

Aprobability
Bpossibility
Crisk
Duncertainty
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Question 42
jamb 2012
The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of
Aproximate cause
Binsurable interest
Cinsurance priority
Dsubrogation
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Question 43
jamb 2012

Communication is relevant to business activities because it

Acreates wealth for people
Breduces the cost and risk of travelling
Cconnects people
Denhances delivery of goods and servicess
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Question 44
jamb 2012

Printed messages sent by cable are recorded as

Atelegram
BSMS
Ctelex
DMMS
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Question 45
jamb 2012

A current account holder pays fees for services in form of

Abank charges
Binterest rates
Ccommission on turnover
Dminimum lending rate
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Question 46
jamb 2012

The most effective type of advertising for branded products is

Amass advertising
Bpersuasive advertising
Cinformative advertising
Dcompetitive advertising
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Question 47
jamb 2012

A bill of exchange paid before its due date at an amount less than its face value is said to have been

Aaccepted
Brejected
Cdiscounted
Ddishonoured
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Question 48
jamb 2012

Which of the following is a characteristic of a bearer cheque

Ait is made with transverse lines
Bit is made payable to whoever presents it
Cit is made without transverse lines
Dit is only payable into the payees account
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Question 49
jamb 2012

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as

A3/9;net 30
B9/27;net 30
C30;net 9/3
D9/30;net 3
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Question 50
jamb 2012

A document which serves as an order with details of goods required by an intending purchaser is

Aa freight note
Ban indent
Ca bill of landing
Da way bill
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Question 51
jamb 2012

The document a seller uses in dispatching goods to a customer by a carrier is

Aa bill of landing
Ban invoice
Can advice note
Da delivery note
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Question 52
jamb 2012

The major problem encountered in international trade is that of

Adistance
Bdifferences in culture
Cpolitics
Ddifferences in currency
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Question 53
jamb 2012

The basis for international trade is embedded in the principle of

Aabsolute advantage
Bglobalization
Cderegulation
Dcomparative advantage
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Question 54
jamb 2012

The main purpose of branding is to

Acreate identity for a product
Bmake a product look attractive
Ccreate product awareness
Dincrease sales volume
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Question 55
jamb 2012

The sales of goods through a medium that accepts money and delivers the items to the customer is

Aan automated teller machine
Ba vending machiine
Ca counting machine
Da branding machine
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Question 56
jamb 2012

The allocation of tasks to different skills in a production process is referred to as

Aproduction technique
Bproduction function
Cdivision of labour
Ddelegation of responsibility
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Question 57
jamb 2012

One of the inputs in production that can be motivated by remuneration is

Acapital
Benterpreneur
Clabour
Dland
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Question 58
jamb 2012
An example of an activity in the construction industry is
Ablacksmithing
Bbricklaying
Ccar assembling
Dshoemaking
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Question 59
jamb 2012
One of the major benefits of commerce to government is to
Aimprove the standard of living
Bgenerate revenue for growth and development
Cencourage cooperation among public organisations
Dencourage the development of socio-cultural values
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