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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.

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

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4,313 questions

Question 1 of 20 4,313 total questions

Question 581

jamb 2016

Which of the following is used for temporary storage of data on a computer?

ARAM

BROM

CFloppy disk

Dflash drive

View Explanation & Discuss

Question 582

jamb 2016

The winding up of a firm by a resolution of its shareholders is an example of

Avoluntary liquidation

Bbankruptcy

Crecession

Dinvoluntary liquidation

View Explanation & Discuss

Question 583

jamb 2016

Ordianry warehouse is usually owned and used by

Agovernment

Bagents

Cretailers

Dwholesalers

View Explanation & Discuss

Question 584

jamb 2016

The function of money that is mostly affected by inflation is

Astore of value

Bmedium of exchange

Cmeasure of value

Dunit of account

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Question 585

jamb 2016

The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix is referred to as

Aconcentration segmentation

Bmarket concept

Cconsumer orientation

Dmarket penetration

View Explanation & Discuss

Question 586

jamb 2016

The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as

Ademurrage charges

Bpremium charges

Cexcess charges

Dtrade charges

View Explanation & Discuss

Question 587

waec 2015

The type of wholesaler that combines selling, delivery and collection in one operation is

Aspecialist wholesaler

Brack jobber

Cdrop shipment

Dtruck wholesaler

View Explanation & Discuss

Question 588

waec 2015

Which of the following is NOT backed by gold but by government securites?

AFiduciary note

BToken money

CCommodity money

DFiat money

View Explanation & Discuss

Question 589

waec 2015

The minimum lending rate of a bank is a component of its

Acurrent assets

Bdebit balances

Ccredit balance

Dfixed assets

View Explanation & Discuss

Question 590

waec 2015

the fee paid for transporting goods by ship is

Afare

Bfreight

Cdemurrage

Dcharges

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Question 591

waec 2015

which of the following is a document of title of goods

Abill of exchange

Bbill of entry

Cletter of hypothecation

Dbill of lading

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Question 592

waec 2015

which of the following is a reason for failure of public corporations

Alegal requirement

Binadequate funding

Cpolitical stability

Dlack of competion

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Question 593

waec 2015

A tax charged in proportion to the value of imported goods is?

Aspecific duty

Bad valorem

Ccustom duty

Dexcise duty

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Question 594

waec 2015

which of the following is a disadvantage of retailing

Aselling on credit

Blower prices of goods

Cselling in smaller quantities

Dlocated at convenient places

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Question 595

waec 2015

a private limited liability company differs from a public limited liability because it

Adoes not issue its shares to the public

Bas a separate entity

Chas many directors

Dis a going concern

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Question 596

waec 2015

the study to discover consumers' preference and needs is called

Amarket segmentation

Bconsumer orientation

Cmarket research

Dmarket mix

View Explanation & Discuss

Question 597

waec 2015

which of the following is a disadvantage of foreign trade

Ait encourages dumping

Bit widens the world market

Cit encourages specialization

Dit provides varieties of goods

View Explanation & Discuss

Question 598

waec 2015

All activities aimed at creation of a good image for an organisation are referred to as

Amarket segmentation

Bmarket research

Cpublic relation

Dconsumer orientation

View Explanation & Discuss

Question 599

waec 2015

when two insurers are liable under a given common policy, the principle of insurance that applies is?

Aindemnity

Bsubrogation

Cproximate clause

Dcontribution

View Explanation & Discuss

Question 600

waec 2015

equity interest in a company is represented by?

Apreference shares

Bdividend

Cdebenture

Dordinary shares

View Explanation & Discuss

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