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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
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Question 1 of 20 2,221 total questions
Question 511
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 authorized share capital is
A#400,000
B#200,000
C#100,000
D#50,000
View Explanation & Discuss
Question 512
waec 2005
Partnership form of business is most appropriate
Awhere proffessionals are needed
Bfor non-profit making ventures
Cwhere very large capital is required
Dwhere the liability of members is limited
View Explanation & Discuss
Question 513
waec 2005
Partnership form of business is most appropriate
Awhere proffessionals are needed
Bfor non-profit making ventures
Cwhere very large capital is required
Dwhere the liability of members is limited
View Explanation & Discuss
Question 514
waec 2005
Which of the following would not affect the form of a business unit
AAvailability of raw materials
Bthe type of business
Cnumber of persons involved
Dthe capital size
View Explanation & Discuss
Question 515
waec 2005
The fee which the bank charges for services rendered to their current account customers is
Acommission on turnover
Bbank rate
Cminimum lending rate
Dinterest
View Explanation & Discuss
Question 516
waec 2005

The distribution of profits based upon the level of patronage in the business is a common feature of

Apartnership firms
Bpublic limited companies
Cco-operative societies
Dprivate limited companies
View Explanation & Discuss
Question 517
waec 2005
An advantage of a public limited company over a private one is the
Alimited liability of share holders
Beasy transferability of shares
Caccess to retained earnings
Dless taxation by government
View Explanation & Discuss
Question 518
waec 2005
Production is defined as
Aan industrial undertaking
Bcreation of utility
Cearning one's daily bread
Dthe changing of raw materials
View Explanation & Discuss
Question 519
waec 2005
Which of the following coordinates other factors of production to achieve set objectives?
ALand
BLabour
CEnterpreneur
DCapital
View Explanation & Discuss
Question 520
waec 2005
Farming is an activity that falls under?
Atertiary occupation
Bcommercial occupation
Cextractive occupation
Dsecondary occupation
View Explanation & Discuss
Question 521
waec 2005
Which of the following is an advantage of indigenization ?
AChecks exploitation by citizens
BBusiness risks are shared
CFosters self-reliance
DLeads to monopoly of power
View Explanation & Discuss
Question 522
waec 2005
The form of trade practiced by the early men was characterized by
Aexchange of goods for money
Befficient distribution system
Cexchange of goods for goods
Dorganized warehousing
View Explanation & Discuss
Question 523
waec 2005
Which of the following is not suitable for fire purchase?
ATextiles
BFurniture
CRefrigerators
DPrinting machine
View Explanation & Discuss
Question 524
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 525
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 526
waec 2005
Which of the following is a feature peculiar to multiple shops?
ACentral location
BSelf service
CCentral buying
DOne stop shopping
View Explanation & Discuss
Question 527
waec 2005
Which of the following is a feature peculiar to multiple shops?
ACentral location
BSelf service
CCentral buying
DOne stop shopping
View Explanation & Discuss
Question 528
waec 2005
A manufacturer of goods that are seasonally will be in dire need of a?
Awealthy customer
Bsuitable means of transport
Cwarehouse
Dlarge shop frontage
View Explanation & Discuss
Question 529
waec 2005
A manufacturer of goods that are seasonally will be in dire need of a?
Awealthy customer
Bsuitable means of transport
Cwarehouse
Dlarge shop frontage
View Explanation & Discuss
Question 530
waec 2005

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

ANature of product
BPreferences of consumers
CVolume of sales
DQuality of product
View Explanation & Discuss
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