Commerce Past Questions

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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 51
jamb 2024

The activities concerned with changing of raw materials into finished products belong to __occupation.

Acommercial
Bextractive
Cconstructive
Dmanufacturing
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Question 52
jamb 2024

The term "consumer sovereignty" means that the consumer is a

Apromoter
Bking
Cmanager
Ddirector
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Question 53
jamb 2024

Use the information below to answer this question.
Aisha sold her wristwatch to Halima for #2,000.00 and she paid. The sum of #2,000.00 is the

Aentitlement
Bconsideration
Cmoney
Dfees
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Question 54
jamb 2024

The coming together of two or more firms with each of them losing its identity is known as

Aholding
Bconsortium
Ccartel
Damalgamation
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Question 55
jamb 2024

A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling for a commission proportionate to the value of the transaction is called a

Acommissioned agent
Bdel-credere agent
Cfactor
Dspeculator
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Question 56
jamb 2024

Which of the following forms part of a company's Article of Association?

ANature and object of the business
BRegistered office
CGoodwill and status of shareholders
DName of the company
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Question 57
jamb 2024

The functions of public corporations include the following EXCEPT

Aproviding essential services to the public
Bmaximizing profits for the board members
Cproviding even development
Dproviding employment opportunities
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Question 58
jamb 2024

A typical example of an event covered by an Assurance Policy is

Aaccident
Bdeath
Cburglary
Dfire
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Question 59
jamb 2024

The document which gives complete information about the goods sold is the

Ainvoice
Border form
Cdelivery note
Dbill of exchange
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Question 60
jamb 2024

Transfer of ownership of goods sold under Hire Purchase System takes place when

Atwo instalment have been
Ba quarter of the total price is
Chalf of the total price is paid
Dthe final instalment is paid
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Question 61
jamb 2024

Which of the following is NOT a credit instrument?

ABill of Exchange
BBank Notes
CCheques
DBill of Lading
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Question 62
jamb 2024

Tariff can be defined as a compulsory levy on

Aimport and export
Bforeign exchange earnings
Cimported goods only
Dforeigners working in Nigeria
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Question 63
jamb 2024

Which type of advertisement induces consumer to purchase the goods he does not need?

ASpecific
BInformative
CPersuasive
DDescriptive
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Question 64
jamb 2024

The act of being on one job for expertise is called

Aseparation of power
Bimmobility
Cindependence
Dspecialization
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Question 65
jamb 2024

Which of the following services is NOT rendered by NITEL?

AData Transmission
BRecorded Delivery
CSatellite
DTelex
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Question 66
jamb 2024

Branding is the assigning of trade marks to goods for the purpose of......... by the public.

Ademand
Breplacement
Cstabilization
Didentification
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Question 67
jamb 2024

Which of the following advertising media preselects its readership through the nature of its content?

AMagazine
BBillboard
CHand bill
DNewspaper
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Question 68
jamb 2024

Ships that pick up cargo from any port and travels anytime are called

Aferries
Btankers
Ctramps
Dsteamers
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Question 69
jamb 2024

The components of a balance of payments account are

Acapital, current and fixed deposit
Bcurrent, capital and monetary movement
Ccapital, savings and fixed deposit
Dcurrent, savings and monetary movement
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Question 70
jamb 2024

Stock exchange quoted the shares of ABC Plc at #0.75K for #1.25K per share. This means the shares were sold at a

Apar value
Bpremium
Cgain
Dloss
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