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.

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

132 questions
Question 1 of 20 132 total questions
Question 41
jamb 2024

Which of the following is NOT a credit instrument?

ABill of Exchange
BBank Notes
CCheques
DBill of Lading
View Explanation & Discuss
Question 42
jamb 2024

Tariff can be defined as a compulsory levy on

Aimport and export
Bforeign exchange earnings
Cimported goods only
Dforeigners working in Nigeria
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Question 43
jamb 2024

Which type of advertisement induces consumer to purchase the goods he does not need?

ASpecific
BInformative
CPersuasive
DDescriptive
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Question 44
jamb 2024

The act of being on one job for expertise is called

Aseparation of power
Bimmobility
Cindependence
Dspecialization
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Question 45
jamb 2024

Which of the following services is NOT rendered by NITEL?

AData Transmission
BRecorded Delivery
CSatellite
DTelex
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Question 46
jamb 2024

Branding is the assigning of trade marks to goods for the purpose of......... by the public.

Ademand
Breplacement
Cstabilization
Didentification
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Question 47
jamb 2024

Which of the following advertising media preselects its readership through the nature of its content?

AMagazine
BBillboard
CHand bill
DNewspaper
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Question 48
jamb 2024

Ships that pick up cargo from any port and travels anytime are called

Aferries
Btankers
Ctramps
Dsteamers
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Question 49
jamb 2024

The components of a balance of payments account are

Acapital, current and fixed deposit
Bcurrent, capital and monetary movement
Ccapital, savings and fixed deposit
Dcurrent, savings and monetary movement
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Question 50
jamb 2024

Stock exchange quoted the shares of ABC Plc at #0.75K for #1.25K per share. This means the shares were sold at a

Apar value
Bpremium
Cgain
Dloss
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Question 51
jamb 2024

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

Acommission
Bbrokerage
Cinterest
Djobbers turn
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Question 52
jamb 2024

The body charged with the responsibility monitoring the quality of goods supplied is the

Amanufacturers' association
Bchamber of commerce
CNigerian standards organization
Dconsumers' association
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Question 53
jamb 2024

When the price quoted includes all the cost to the actual destination, that is, from the seller's warehouse to the buyer's warehouse. it is called

Aloco price
Bfranco
Ccarriage paid
Dcash on delivery
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Question 54
jamb 2024

Shares are said to be sold at a discount when they are sold

Abelow par
Bto the public
Cat par
Dabove par
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Question 55
jamb 2024

Which of the following is NOT part of the marketing mix?

Aplace
Bpromotion
Cprice
Dpersonnel
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Question 56
jamb 2024

The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of

Aconstructive total loss
Ban actual total loss
Ca general average loss
Da partial loss
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Question 57
jamb 2024

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

Aperformance
Bbreach of contract
Coperation of the law
Dfrustration
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Question 58
jamb 2024

Obi received a cheque for #1000 from Mr. Ade and this cheque was stolen. He must

Ainform Mr. Ade to tell his bank to stop payment
Binform his bank to stop payment
Csimply ask Mr. Ade for another cheque
Dtell his bank to add the amount to his bank balance
View Explanation & Discuss
Question 59
jamb 2024

Which of these is used in calculating working capital?

Afurniture and fittings
Bstock of raw material
Cmachinery
Doffice equipment
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Question 60
jamb 2024

The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

Anationalisation
Bindigenity
Ccommercialization
Dindustrialization
View Explanation & Discuss
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