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.

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

148 questions
Question 1 of 20 148 total questions
Question 51
jamb 2007

The scope of economic activities can be enlarged by

Atransportation and trading
Bbusiness and its promotion
Ctrading and aids to trade
Dinsurance and banking
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Question 52
jamb 2007

Which of the following best describes inputs for any production activity?

ANatural resources
BBussiness resources
CHuman resources
DMaterial resources
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Question 53
jamb 2007

The body regulating the sale and purchase of shares in Nigeria is the?

ACorporate Affairs Commision
BSecurities and Exchange Commision
CSecurities and Exchange Tribunal
DNigeria Stock Exchange
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Question 54
jamb 2007

A credit instrument which also serves as a legal tender is?

Acheque
Bpaper money
Cvoucher
Dmoney order
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Question 55
jamb 2007

A new company requiring a large amount of equity finance may source funds from the?

Acapital market
Bcentral bank
Cmoney market
Dcommercial banks
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Question 56
jamb 2007

The selling of new shares to existing shareholders is referred to as?

Apublic issue
Boffer for sale
Crights issue
Dbonus issue
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Question 57
jamb 2007

The central bank controls the quantity of money in circulation through?

Aopen-market operations
Bdecreasing the tax rate
Cissuing new currencies
Dincreasing the tax rate
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Question 58
jamb 2007

Which of the is a risk-free security?

APreference share
BOrdinary share
CTreasury bill
DDebenture
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Question 59
jamb 2007

The difference between the buying and selling price of shares is known as?

Abrokerage
Bmargin
Cjobber's turn
Dgross profit
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Question 60
jamb 2007

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?

Aunit of account
Bmeasure of value
Cstore of value
Dmedium of exchange
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Question 61
jamb 2007
A major benefit a debtor can derive from using a credit facility is?
Abetter service
Bgoodwill
Cconvenience
Dcontrol
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Question 62
jamb 2007
The sale of of foreign investment and gold reserves can be used to?
Acorrect adverse balance of trade
Bincrease invisible imports
Ccorrect adverse balance of payment
Dcorrect a budget deficit
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Question 63
jamb 2007

The abbreviation C and F indicate that the?

Aproduction cost excludes the cost of carriage
Bselling price includes the cost of carriage
Ccost of production includes dilivery charges
Dcost price includes the cost of carriage
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Question 64
jamb 2007

A share premium is an example of?

Aissued capital
Bcapital stock
Cequity capital
Dcapital reserve
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Question 65
jamb 2007

The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

Asubscriptions
Btotal savings
Cvolume of purchase
Dcontributions
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Question 66
jamb 2007

Which of the following requires payment into the payee's account?

ACrossed cheque
BTraveller's cheque
COpen cheque
DCertified chegues
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Question 67
jamb 2007

A major setback of international trade is?

Ainadequate exports
Beconomic sanctions
Cdevaluation of currency
Dexchange rate appreciation
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Question 68
jamb 2007

The major function of a trade association is that it?

Aliases with foreign trade associations
Bhelps to promotes foreign trade
Cfacilitates members' access to credit facilities
Dhelps to promote research on behalf of members
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Question 69
jamb 2007

A written agreement for hiring a ship for transporting goods is a?

Aconsular invoice
Bbill of lading
Ccharter party
Dcertificate of origin
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Question 70
jamb 2007

The internet is a system of telecommunications used for?

Acommunicating long-distance messages
Bsending and recieving text massages
Csending electronic messages
Dcommunicating messages through telegrams
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