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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 501
jamb 2009

A cheque which a bank draws on its own funds is a?

Abankdraft
Bcashier's cheque
Cbank cheque
Dcrossed cheque
View Explanation & Discuss
Question 502
jamb 2009

If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?

AN56 250
BN43 750
CN43 250
DN6250
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Question 503
jamb 2009

The term free on board means that the price includes?

Acosts and insurance only
Bcosts and freight only
Cfreight and insurance only
Dcosts, insurance and freight
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Question 504
jamb 2009
The most commonly used commercial documents are?
Aorder notes, debit notes, invoices and quotations
Bletters of enquiry, consignment notes, receipts and invoices
Ccredit notes, statement of accounts, depatch order and bills
Dbalance sheet, receipts, invoices and manifest
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Question 505
jamb 2009

An artificial barrier to international trade is?

Apolitical unrest
Bculture of the people
Cunits of measurement
Dcustom duties
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Question 506
jamb 2009
One of the functions of the wholesaler is to?
Aforecast prices
Breduce prices of goods
Cpromote sales
Danalyse sales periodically
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Question 507
jamb 2009
A chain store usually combines the features of?
Amulitiple shops and departmental stores
Bhypermarkets and stalls
Cmultiple shops and hypermarkets
Dmail order business and multiple stops
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Question 508
jamb 2009

The major components of modern retailing include?

Abranding, doorstep selling and customer stimulation
Bbranding, sales promotion and mail order
Cchain store, customer stimulating and doorstep selling
Dbranding, supermarkets and after sales-service
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Question 509
jamb 2009

Primary production is associated with?

Abanking
Bmanufacturing
Cagriculture
Dconstruction
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Question 510
jamb 2009

Resources harnessed in certain proportion to create goods and services are?

Afactors of production
Btechnology and labour
Cland and entrepreneur
Draw materials
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Question 511
jamb 2009

The service of a textile worker are an example of?

Aextractive activity
Bcommercial activity
Cmanufacturing
Dconstruction
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Question 512
jamb 2009

An aid to trade associated with communications is?

Aadvertisement
Btransportation
Cwarehousing
Dinsurance
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Question 513
jamb 2009

The central focus of commercial activities is?

Apricing
Badvertising
Ctrading
Dmarketing
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Question 514
jamb 2008

Which software program can be used to generate financial reports from a company's client list?

AMS Word
BDatabase
CMS Excel
DAdobe
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Question 515
jamb 2008

A computer component that decodes and interprets instructions and also directs program implementation is?

Amemory unit
Bcentral processing unit
Ccontrol unit
Dsystem unit
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Question 516
jamb 2008

Which of the following is a form of social responsibility of a business?

ASelling goods at cheaper prices
BUsing the best technology available
CMaintaining tidy and safe environment
DMeeting contractor's obligations
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Question 517
jamb 2008

A factor in a business environment which increases the rate of product obsolescence is?

Atechnology
Bpolitical
Clegal
Deconomic
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Question 518
jamb 2008

The practice whereby government relinquishes its ownership interest in a public enterprises is?

Acommercialization
Bindegenization
Cprivatization
Dnationalization
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Question 519
jamb 2008

The body charged with divesting government interests in public enterprises is?

ASON
BNPC
CBPE
DNDE
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Question 520
jamb 2008

When an employee incurs expenses while executing his normal duty, the employer is responsible for his?

Asafety
Bfamily's security
Cfamily's welfare
Dindemnification
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