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.

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

131 questions
Question 1 of 20 131 total questions
Question 41
jamb 2019

The assembling of Manufactured products into forms usable by humans is classified as

AExtraction occupation
BConstruction occupation
CManufacturing occupation
DIndustrial occupation
View Explanation & Discuss
Question 42
jamb 2019

Services are made up of

Avisible and invisible
BIndustry and Commerce
Cdirect and indirect services
DGoods and Services
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Question 43
jamb 2019

A counter offer is an offer that is

Adifferent from the original offer
Bbreached
Cdifferent in terms of acceptance
Dextended to several people at once
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Question 44
jamb 2019

An offer extended to several people at once is called

AAcceptance
BOfferor
CInvitation to threat
DConsideration
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Question 45
jamb 2019

Percentage of net profit to turnover

A5%
B10%
C
D20%
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Question 46
jamb 2019

Net profit

A1400
B5000
C1600
D6400
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Question 47
jamb 2019

Gross profit

A300
B3000
C6000
D11000
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Question 48
jamb 2019

Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

APrivate limited liability
BPublic limited liability
CPartnership
DCo-operative society
View Explanation & Discuss
Question 49
jamb 2019

The basic characteristics of co-operative society include all except one

AIt is managed democratically
BIt follows the principle of one man
CAmateur Management
DExtra capital is raised through loan
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Question 50
jamb 2019

All except one is not a corporation and boards at the federal level

AFRCN
BNNPC
CCBN
DMAN
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Question 51
jamb 2019

The difference between Articles of association and memorandum of Association is that the latter deals

Awith the Internal working relationship of the company and its members
Bwith the powers and relationships of the company with outsiders
CThe method of issue, transfer and future of the company's shares
DThe rights and responsibilities of shareholders
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Question 52
jamb 2019

A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

ADebit note
BCredit note
CWarrant
DShipping note
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Question 53
jamb 2019

The headquarters of Niger Basin Commission is located at________

AAbuja
BNiamey
CLome
DNojamena
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Question 54
jamb 2019

Tourism involving residents of the given country travelling only within this country is called__________

ADomestic Tourism
BInbound Tourism
COutbound Tourism
DTraveller's Tourism
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Question 55
jamb 2019

The following development of money have therefore been the use of, except______

ACoins
BInconvertible paper money
CCommodities
DAbacus
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Question 56
jamb 2019

A responsibility to control environmental pollution is the responsibility of____

AThe business
BThe government
CThe consumer
DThe employee
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Question 57
jamb 2019

The factors to be considered in setting up retail trade include all except_____

ACapital
BExperience
CLocation
DAge
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Question 58
jamb 2019

Advantages of pipeline transport include all except_______

ALow maintenance cost
BIt is safe
CContinuous Flow of goods
DProne to leakages
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Question 59
jamb 2019

All but one is not a demerit of advertising?

AIt leads to monopoly
BBuyers can buy unnecessarily
CIncrease in profit
DHigh cost
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Question 60
jamb 2019

The scope of commerce is limited to________

Ahome and foreign trade
Bwholesaler and retail trade
Ctrade and aids to trade
Dwholesale and entreport trade
View Explanation & Discuss
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