Log In SignUp
Classroom

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.

100 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

100 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 20 100 total questions
Question 41
jamb 2015

Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?

ANot yet been issued
BBeen applied for but not issued
CNot been paid-up
DBeen issued but have not been paid-up
View Explanation & Discuss
Question 42
jamb 2015

The document that gives an importer freehand to obtain goods form any manufacturer is

AA closed indent
BA consular invoice
CA freight note
DAn open indent
View Explanation & Discuss
Question 43
jamb 2015

The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of

AProduct concept
BMarketing concept
CDistribution concept
DPrice concept
View Explanation & Discuss
Question 44
jamb 2015

Communication enhances business activities by

Afacilitating interaction between producers
BFacilitating interaction among media houses
Censuring the movement of good forms the producer to the consumer
Dkeeping the goods safe until they and needed
View Explanation & Discuss
Question 45
jamb 2015

The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and

AGuaranties
BWarranties
CSureties
DConsideration
View Explanation & Discuss
Question 46
jamb 2015

The internet is a system of telecommunication used for

ASending electronic message
BCommunicating messages through telegrams
CCommunicating long-distance
DSending and renewing text message
View Explanation & Discuss
Question 47
jamb 2015

The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is

AMain frame Computer
BDigital Computer
CAnalogue Computer
DHybrid Computer
View Explanation & Discuss
Question 48
jamb 2015
The application of division of labour would generally bring about
AIncrease in quantity of goods and services
BIncrease in variety of goods and services
CCheapness of goods and services
DCost efficiency in the production of goods and series.
View Explanation & Discuss
Question 49
jamb 2015

A market where new shares are traded is known as

APrimary Market
BStock Exchange
CSecondary Market
DMoney Market
View Explanation & Discuss
Question 50
jamb 2015
Citizens are against privatization mainly because of
AIneffective Management
BThe likely hood of monopoly
CIncreased price of good and services
DThe ration dilation of organizations.
View Explanation & Discuss
Question 51
jamb 2015

The agency in Nigeria which ensure that products conform to government quality specification is the

ANigerian consumers’ association
BManufacturers' Association of Nigeria
CStandard Organization of Nigeria
DNigerian Chamber of commerce
View Explanation & Discuss
Question 52
jamb 2015

The major determinant of fire insurance premium is the

AOwner of the property
Busefulness of the property to the owner
CType and structure of the property to be insured
Dextent of fire damaged anticipated.
View Explanation & Discuss
Question 53
jamb 2015

In product pricing, which of these elements need more consideration than others?

AThe cost of producing the product
BThe economic conditions in the market
Cthe demography of the buyers of the product
DThe demand for the product
View Explanation & Discuss
Question 54
jamb 2015

Which of the following is classified as an immaterial want?

AProtection
BRaw materials
CMachines
DGoods and Services
View Explanation & Discuss
Question 55
jamb 2015

The development of commerce in west Africa was not hampered by

AInadequate capital
BInadequate means of transportation
CInsurance
DLow savings
View Explanation & Discuss
Question 56
jamb 2015
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
ABank draft
BBankers’ order
CPromissory note
DTravelers cheque
View Explanation & Discuss
Question 57
jamb 2015

The world tourism organization has it headquarters in

ANew York
BMadrid
CParis
DLondon
View Explanation & Discuss
Question 58
jamb 2015

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

ACarrying favour from local people
Bfinding a way to spend excess profit
CFulfilling part of its social responsibility
DInvesting its idle fund
View Explanation & Discuss
Question 59
jamb 2015

The vessels that operate on specific route on high seas and oceans are

ACoastal Liners and Cargo Liners
BCargo Liners and Tramp liners
CPassenger liners and Tramp liners
DPassenger Liners and Cargo Liners
View Explanation & Discuss
Question 60
jamb 2015
\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000} \\
\hline
\text{Net profit 4000} & \text{Motor van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtor 1000} \\
\hline
\text{Accruals 300} & \text{Bank 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)


What is the acid ratio?
A1.13 : 1
B2 : 1
C4.75 : 1
D4.25 : 1
View Explanation & Discuss
Question Navigator
Current
MathsFaculty