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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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

2,221 questions

Question 1 of 20 2,221 total questions

Question 501

waec 2005

If the amount of dividend paid varies according to the level of profit; what type of share is involved?

ACumulative preference share

BPreference share

CDeferred share

DOrdinary share

View Explanation & Discuss

Question 502

waec 2005

Postage marks can be printed on letters and parcels using

ATeleprinter machine

Bfacsimile machine

Cfolding machine

Dfranking machine

View Explanation & Discuss

Question 503

waec 2005

C.O.D transactions are associated with

Amail order firms

Bmobile shops

Csupermarkets

Dmultiple shops

View Explanation & Discuss

Question 504

waec 2005

Which of the following organizations aims at providing relief for countries facing adverse balance of payment?

AA.C.P

BG.A.T.T

CU.N.C.T.A.D

DI.M.F

View Explanation & Discuss

Question 505

waec 2005

A set of measures pursued by an organization in order to maintain goodwill in its environment is referred to as

Ahuman relations

Bpublic relations

Cpersonal relations

Dorganizational set up

View Explanation & Discuss

Question 506

waec 2005

Which of the following is the correct sequence in which the following documents are used?

AOrder, delivery note, debit note, invoice, statement

BOrder, advice note, debit note,invoice,statement

COrder, statement, delivery note, invoice, debit note

DOrder, delivery note, invoice, debit note, statement

View Explanation & Discuss

Question 507

waec 2005

A seller quoting his goods loco price means that

Aall charges are borne by the seller

Ball charges are borne by the buyer

Cthe seller pays carriage as far as the buyers warehouse

Dthe price includes cost, insurance and freight

View Explanation & Discuss

Question 508

waec 2005

Which of the following is not suitable for hire purchase?

ATextiles

BFurniture

CRefrigerators

DPrinting machine

View Explanation & Discuss

Question 509

waec 2005

Which of the following encourages trade between regions?

ADifferences in currencies of countries

BDifference in national income of countries

CExistence of trade associations

DDifferences in natural resources

View Explanation & Discuss

Question 510

waec 2005

Terms of trade is the

Arate at which the central bank discounts first class bills

Brate at which a country's exports exchange for its imports

Cexpected rate of returns on an investment

Drate of payment for goods and services purchased

View Explanation & Discuss

Question 511

waec 2005

Which of the following is a feature peculiar multiple shops?

ACentral Location

BSelf Service

CCentral Buying

DOne stop shopping

View Explanation & Discuss

Question 512

waec 2005

A manufacturer of goods that are seasonally demanded will be in dire need of a

Awealthy customer

Bsuitable means of transport

Cwarehouse

Dlarge house frontage

View Explanation & Discuss

Question 513

waec 2005

Which of the following will not be considered in choosing a channel of distribution?

ANature of product

BPreferences of customers

CVolume of sales

DQuality of product

View Explanation & Discuss

Question 514

waec 2005

Who among the following cannot be regarded as an itinerant trader

AGypsy

BBarrow boy

CPedlar

DStall owner

View Explanation & Discuss

Question 515

waec 2005

A bank's undertaking to pay an exporter on behalf of an importer is a

Adocumentary credit

Bletter of credit

Cletter of hypothecation

Dbill of exchange

View Explanation & Discuss

Question 516

waec 2005

An organization formed mainly by traders on the same line of business is known as

Atrade union

Bcooperative society

Ctrade association

Dchamber of commerce

View Explanation & Discuss

Question 517

waec 2005

The net profit of a business is determined by

Adeducting cost of goods sold from sales

Bdeducting purchases from sales

Cadding commissions recieved to gross profit

Ddeducting all expenses from gross profit and other income

View Explanation & Discuss

Question 518

waec 2005

Which of the following is an intangible asset of a firm

AGoodwill

BReserve

CSkilled personnel

DRights issue

View Explanation & Discuss

Question 519

waec 2005

The nominal value of a share is same as its

Amarket value

Bbelow par value

Cabove par value

Dface value

View Explanation & Discuss

Question 520

waec 2005

The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.

The reserved capital is

A#300,000

B#200,000

C#100,000

D#50,000

View Explanation & Discuss

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