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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 551
waec 2016

fidelity guarantee insurance is a cover against loss arising from

Atrade debt
Bpersonal accident
Cdishonest staff
Dfire disaster
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Question 552
waec 2016

when an importer has been overcharged for goods supplied, the exporter issues him with a?

Adebit note
Bpreforma invoice
Cletter of credit
Dcredit note
View Explanation & Discuss
Question 553
waec 2016

A clean bill of lading is so called because?

Ait shows record of damaged goods
Bit is not a stained bill
Cit is a document of authority
Dit shows no record of damaged goods
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Question 554
waec 2016

the value of fixed assets

AN72,000
BN47,000
CN35,000
DN25,000
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Question 555
waec 2016

what is the value of working capital

AN47,000
BN35,000
C25,000
D10,000
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Question 556
waec 2016

The value of current assets is?

AN35,000
BN32,000
CN25,000
DN10,000
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Question 557
waec 2016

which of the following allows a drawer of a document to correct any error

AC.I.F
BI.O.U
CC.W.O
DE.O.E
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Question 558
waec 2016

which of the following occupations are classified under the extractive industry

(i) cattle rearing, lumbering and farming

(ii) mining, quarrying and hunting

(iii) ship building, road construction and iron bending

(iv) singing, dancing and tailoring

Ai and iii only
Bi, ii and iv
Ci and ii
Dii, iii and iv
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Question 559
waec 2016

lack of permanent record for the message reciever is a disadvantage of?

Atelevision
Bdirect mail
Ccataloque
Dmagazine
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Question 560
waec 2016

An economy policy which encourages governement ownership of business is called?

Aprivatization
Bnationalization
Cindigenization
Dcommercialization
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Question 561
waec 2016

in a law of contract, a counter offer operates as?

Aan acceptance
Ba consensus
Ca rejection
Da contract
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Question 562
waec 2016

which of the following legislations aims primarily at protection of consumers

Alaw of contract
Btrade description act
Ccompany's act
Dpartnership act
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Question 563
waec 2016

The organized efforts of consumers to protect themselves against the unfair practices of businessmen is? 

Astrike
Bconsumerism
Cpicketing
Ddemonstration
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Question 564
waec 2016

The main concern of commerce is?

Acreate wealth
Bbuy and sell goods and services
Cexchange and distribution of goods and services
Dsatisfy all human wants
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Question 565
waec 2016

which of the folloing is an example of life insurance

Athird party policy
Bcomprehensive policy
Cfidelity guaranteed policy
Dendowment policy
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Question 566
waec 2016

Another name for a dishonoured cheque is?

Aan order cheque
Ba bounced cheque
Ca bearer cheque
Dan open cheque
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Question 567
waec 2016

Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?

Ahedging
Bprojection
Cforecasting
Dspeculation
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Question 568
waec 2016

where a number of insurance companies  are liable under one policy, the principle applicable is ?

Asubrogation
Bcontribution
Cindemnity
Dutmost good faith
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Question 569
jamb 2016

A Major funtion of commerce is to

Afacilitiate human satisfaction through exchange
Beliminate trade barriers
Cprovide raw materials for manufacturers
Dinfluence government policies
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Question 570
jamb 2016

One of the major reasons for merger is to

Areduce the number of unskilled manpower
Bincrease the number of skilled manpower
Cprevent liquidation
Dliberalize the market
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