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.

139 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

Past Questions

139 questions
Question 1 of 20 139 total questions
Question 41
jamb 2018

The business organisation in which shareholders have equal votes is?

Asole proprietorship
Bpartnership
Ccooperative
Dlimited liability company
View Explanation & Discuss
Question 42
jamb 2018

Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

Aommission
Bcommission
Ctransposition
Dprinciple
View Explanation & Discuss
Question 43
jamb 2018

Transportation, retailing and wholesaling industries rely heavily on?

Abanking
Binsurance
Cmanufacturing
Drailway
View Explanation & Discuss
Question 44
jamb 2018

when it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?

Aa receiver
Ban auditor
Can account
Da liquidator
View Explanation & Discuss
Question 45
jamb 2018

Taking a new product to a particular part of the country to test the reaction of consumers to the product is referred to as?

Asales promotion
Bsampling
Cmerchandising
Dadvertising
View Explanation & Discuss
Question 46
jamb 2018

consumer sovereignty means that the consumer is?

Aa citizen
Balways independent
Calways wrong
Dalways right
View Explanation & Discuss
Question 47
jamb 2018

The direct authority of a superior over his subordinate is known as?

Astaff authority
Bline authority
Cline and staff authority
Dlateral authority
View Explanation & Discuss
Question 48
jamb 2018

Rights issue means the?

Aissue of shares to the directors of a company.
Bissue of shares by a company only to the founders of the company
Cright of shareholders to vote on any issue
Dissue of shares to shareholders on favorable terms
View Explanation & Discuss
Question 49
jamb 2018

The main objective of corporate mergers is to?

Aminimize the effect of taxation
Bincrease financial advantage
Cfacilitate profit maximization
Denhance economies of scale
View Explanation & Discuss
Question 50
jamb 2018

When does production ends?

AWhen the goods are distributed to the wholesalers
BWhen the goods reaches the retailer
CWhen the goods reaches the final consumers
DWhen the goods are fully packaged
View Explanation & Discuss
Question 51
jamb 2018

An arrangement by independent firms to share the market of their products on quota basics Is referred to as

ACartel
BSyndicate
CTrust
DIntegration
View Explanation & Discuss
Question 52
jamb 2018

What is the difference between current assets and current liabilities?

AWorking capital
Bnominal capital
Ccapital employed
Dissued capital
View Explanation & Discuss
Question 53
jamb 2018

What’s the first form an applicant must complete before taking an insurance policy?

ACover note
Badvice note
Cproposal form
Dcertificate of insurance
View Explanation & Discuss
Question 54
jamb 2018

Goods and services are made available to consumers through

AThe advertising agency
BSales promotion
CThe channel of distribution
DThe middle men
View Explanation & Discuss
Question 55
jamb 2018

The internet is a system of telecommunication used for

AThe internet is a system of telecommunication used for providing a variety of information and communication facilities,
BCommunicating long distance messages
CSending and receiving text messages
DCommunicating messages through telegrams
View Explanation & Discuss
Question 56
jamb 2018

The satisfaction of consumer is best explained by

AProduct mix
BMarketing concept
Cmarketing mix
Dmarket segmentation
View Explanation & Discuss
Question 57
jamb 2018

Balance of payment consist of ----------- and ---------- items

ACredit and loss
Bvisible and non-visible
Cvalid and invalid
Dincome and expenditure
View Explanation & Discuss
Question 58
jamb 2018

The elements in marketing mix that ensures goods are available when and where needed is

APromotion
Bprice
Cproduct
Dplace
View Explanation & Discuss
Question 59
jamb 2018

Why will a cheque be dishonored?

ARegular signature
Bhigh amount of money written on the cheque
Cinsufficient funds
Dgeneral crossing
View Explanation & Discuss
Question 60
jamb 2018

When does the buyer in a hire purchase becomes the owner of the goods?

AWhen all installments have been fully paid
BAfter payment of the first installment
CBefore the payment of the first installment
DWhen half of the purchased price has been paid
View Explanation & Discuss
Question Navigator
Current
MathsFaculty