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 521
jamb 2008

Balance of payments is made up of?

Avisible and current items
Binvisible and capital items
Ccurrent and capital items
Dvisible and invisible items
View Explanation & Discuss
Question 522
jamb 2008

A warehouse which is used to store goods whose customs duty is not yet paid is a?

Awholesale warehouse
Bbonded warehouse
Cpublic warehouse
Dbranded warehouse
View Explanation & Discuss
Question 523
jamb 2008

A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?

Aconglomerate
Bchain stores
Cdepartmental store
Dsuppermarket
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Question 524
jamb 2008
A source of capital that has elements of debt and equity is a?
Adebenture
Bwarrant
Cloan
Dshare
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Question 525
jamb 2008

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?

Abull
Bbear
Cdealer
Dstag
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Question 526
jamb 2008

A trader who gives credit stands to enjoy?

Ahigher profit
Bcash discount
Cincreased sales
Dtrade discount
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Question 527
jamb 2008

An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?

Aforeign account
Binternational account
Cdomiciliary account
Dforeign reserves account
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Question 528
jamb 2008

In order to prevent Liquidity in commercial banks, the central banks uses?

Amoral suasion
Bfiscal policy
Creserve ratio
Dtaxation
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Question 529
jamb 2008

The components of capital employed in a business are?

Aowners' equity and long-term debts
Btotal assets and current liabilities
Cshare capital and long-term debts
Dshare capital and current liabilities
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Question 530
jamb 2008

The cheapest source of funds available to a company is through?

Athe sale of shares
Bretained profits
Cthe sale of bonds
Dlease financing
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Question 531
jamb 2008

An example of a cartel is?

AOPEC
BECOWAS
CAU
DEU
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Question 532
jamb 2008

A proposed company may not be registered if?

Athe name conficits with that of another
Bit does not put 'limited' after its proposed name
Cit has no paid-up capital
Dit has no asset of its own
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Question 533
jamb 2008

A document which gives a legal status to a company is the certificate of?

Aincorporation
Btrading
Ccommencement of business
Dbusiness registration
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Question 534
jamb 2008

The promotion of savings culture is a feature of a?

Atrade association
Bconsumers' cooperative society
Cthirft cooperative society
Dbusiness association
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Question 535
jamb 2008

The quality and quantity of production mostly depend on the?

Aeffectiveness of factors
Bavailibility of factors
Clevel of education of enterpreneurs
Dlevel of cooperation among workers
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Question 536
jamb 2008

In the long run, all factors of production are?

Afixed
Bvariable
Cmarginal
Dconstant
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Question 537
jamb 2008

The process of changing the form of a new material is known as?

Afabrication
Bextraction
Cconversion
Dproduction
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Question 538
jamb 2008

Given:
i. Shoemaker
ii. Policeman
iii. Fisherman
iv. Gardener
v.Broker

The persons engaged in primary occupation are?

Ai,iii and iv
Biii and iv
Ciii and v
Di, ii and v
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Question 539
jamb 2008

The art of soaping-making is an example of?

Aprimary occupation
Bsecondary occcupation
Ctertiary occupation
Dconstruction occupation
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Question 540
jamb 2008

An activity that involves derivation of raw materials from land and sea is?

Aconstruction
Bfarming
Cagriculture
Dextraction
View Explanation & Discuss
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