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 2022

Examples of current assets are

Acash and trade debtors
Bcash and trade creditors
Ctrade debtors, trade creditors and cash
Dtrade creditors and trade debtors
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Question 42
jamb 2022

The issue of prospectus by a company is an invitation to members of the public to

Asubscribe to the company's shares
Battend the company's Annual general Meeting
Cbuy the company's products
Dattend the company's board meeting
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Question 43
jamb 2022

An association formed by computer distributors to safeguard and promote their interest is a

Achamber of commerce
Bcooperative society
Ctrade association
Dtrade union
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Question 44
jamb 2022

Which of the following is not a function of a consumer association?

AEnsuring that consumers buy quality goods
BEducating consumers on their rights
CPenalizing importers of fake goods
DEnsuring that fair prices are charged
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Question 45
jamb 2022

The document issued by a public company allowing it to commence business is the

AArticles of Association
BCertificate of Incorporation
CMemorandum of Association
DCertificate of Trading
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Question 46
jamb 2022

A business unit in which savings of members are lent to others is a

Aconsumer cooperative society
Bproducer cooperative society
Ccredit and thrift society
Dwholesale cooperative society
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Question 47
jamb 2022

Which of the following activities is not an example of the extractive industry?

Aweaving
Bquarrying
Chunting
Dfishing
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Question 48
jamb 2022

A form of money which was not used in the early days of trade is

Atobacco
Bmetal bars
Ccoins
D
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Question 49
jamb 2022

The type of occupation that a broker belongs to is

Acommercial
Bconstruction
Cextraction
Dmanufacturing
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Question 50
jamb 2022

Commerce is defined as

Abuying and selling of goods and services only
Ball activities in the distribution and exchange of goods and services
Call activities involved in the production of goods and services
Dtransporting and warehousing of goods only
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Question 51
jamb 2022

The law by which a seller transfers the property in goods to a buyer at an agreed price is the

AWeights and Measure Act
BTrade Description Act
CSale of Goods Act
DFoods and Drugs Act
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Question 52
jamb 2022

Advertisement which is geared towards a particular audience is

Adirect advertising
Bindirect advertising
Cmass advertising
Dpersuasive advertising
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Question 53
jamb 2022

Which of the following is not a right of a consumer?

ARight to a fair hearing
BRight to buy on credit
CRight to obtain replacement
DRight to safe product
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Question 54
jamb 2022

An undertaking to repair a customer's vehicle for a certain period after it has been sold is

Aafter-sales service
Bmarketing mix
Cmarket segmentation
Dsales promotion
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Question 55
jamb 2022

The marketing concept emphasizes

Asales of goods directly to customers
Buse of promotional tools to stimulate sale
Cmass production of goods
Dconsumer's satisfaction at a profit
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Question 56
jamb 2022

Consumers could be encouraged to purchase a company's product through

Aresearch
Bplanning
Cdistribution
Dadvertisement
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Question 57
jamb 2022

The commission on a postal order is

Atariff
Bpoundage
Cbrokerage
Dfee
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Question 58
jamb 2022

An advantage of rail transport is that it

Ais less expensive to maintain
Bis not prone to delays
Ccarries bulky and heavy goods
Denhances door-to-door delivery
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Question 59
jamb 2022

Payment made to a carrier for transportation of goods is

Afreight
Bfee
Cfare
Dduty
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Question 60
jamb 2022

Sea vessels that do not operate on regular times and routes are

Atramps
Bocean liners
Ccontainer ships
Dferries
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