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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.

178 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

178 questions
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Question 1 of 20 178 total questions
Question 51
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 52
waec 2005
Which of the following is not suitable for fire purchase?
ATextiles
BFurniture
CRefrigerators
DPrinting machine
View Explanation & Discuss
Question 53
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 54
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 55
waec 2005
Which of the following is a feature peculiar to multiple shops?
ACentral location
BSelf service
CCentral buying
DOne stop shopping
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Question 56
waec 2005
Which of the following is a feature peculiar to multiple shops?
ACentral location
BSelf service
CCentral buying
DOne stop shopping
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Question 57
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
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Question 58
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 59
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
Question 60
waec 2005
Who among the following cannot be regarded as an itinerant trader?
AGypsy
BBarrow toy
CPediar
DStall owner
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Question 61
waec 2005
Who among the following cannot be regarded as an itinerant trader?
AGypsy
BBarrow toy
CPediar
DStall owner
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Question 62
waec 2005
A bank's undertaking to pay an exporter on behalf of an importer is a?
Adocumentary credit
Bletter of credit
Cletter of hypothecation
Dbill of exchange
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Question 63
waec 2005
An organization formed mainly by traders on the same line of business is known as?
Atrade union
Bcooperative society
Ctrade association
Dchamber of commerce
View Explanation & Discuss
Question 64
waec 2005
The net profit of a business is determined by?
Adeducting cost of goods sold from sales
Bdeducting purchases from sales
Cadding commission received to gross profit
Ddeducting all expenses from gross profit and other income
View Explanation & Discuss
Question 65
waec 2005
Which of the following is an intangible assets of a firm?
AGoodwill
BReserve
CSkilled personnel
DRights issue
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Question 66
waec 2005
The nominal value of a share is the same as its?
Amarket value
Bbelow par value
Cabove par value
Dface value
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Question 67
waec 2005
The nominal value of a share is the same as its?
Amarket value
Bbelow par value
Cabove par value
Dface value
View Explanation & Discuss
Question 68
waec 2005
Partnership form of business is most appropriate?
Awhere professionals are needed
Bfor non-profit making ventures
Cwhere very large capital is required
Dwhere the liability of members is limited
View Explanation & Discuss
Question 69
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 70
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
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