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.

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

139 questions
Question 1 of 20 139 total questions
Question 51
jamb 2018

One of the principles of insurance is

AProximate cause
BFidelity guarantee
CConsequential loss
DSurrender value
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Question 52
jamb 2018

A disadvantage of personal selling is that it

AIncrease a company’s number of customers
BReduces a company area of patronage
CIncreases a company’s operating costs
DDecreases a company’s operating costs
View Explanation & Discuss
Question 53
jamb 2018

What do we call agreement between two people enforced by law?

AConsideration
Boffer
Ccontract
Dagreement
View Explanation & Discuss
Question 54
jamb 2018

Distribution of goods belongs to

AConstruction industry
Bextractive industry
Cmanufacturing industry
Dcommercial industry
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Question 55
jamb 2018

An organization which focuses on consumers satisfaction is practicing

AMarketing concepts
BSelling concepts
CConsumerism
DMarket segmentation
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Question 56
jamb 2018

The sale of second hand securities is done in which market

ABuilding society
Bcooperative society
Cstock exchange
Dcapital market
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Question 57
jamb 2018

One of the major disadvantages of pipeline transportation is its

AHigh maintenance cost
BHigh cost of construction
CLimitation in scope
DVulnerability to climate changes
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Question 58
jamb 2018

In a public limited liability company, planning is carried out by

AEmployees
BThe chairman of the board
CShareholders
DManufacturer’s warehouse
View Explanation & Discuss
Question 59
jamb 2018

The two main categories under which marine losses fall into are

ATotal loss and partial loss
BVoyage policy loss and time policy loss
CParticular loss and average loss
DActual loss and general loss
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Question 60
jamb 2018

A debenture holder is entitled to

ADividend
BInterest
Ccommission
DProfit
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Question 61
jamb 2018

------------------- is a source of short term capital?

 

AShares
BOverdraft
Cdebenture
Dleasing
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Question 62
jamb 2018

Which of the following regulates and controls the activities in the Nigeria Stock Exchange

ACBN
BBPE
C
DNDIC
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Question 63
jamb 2018

Money is generally acceptable for transaction due to

AThe rule of the law
BIts acceptability in the global market
CThe legal backing
DThe central bank’s Governor’s signature
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Question 64
jamb 2018

Chinyere agreed to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready at that date, Halima could

ASeize another gown from Chinyere’s shop
BRegard the contract between them as terminated
CSue Chinyere for specific performance
DSue Chinyere for damages
View Explanation & Discuss
Question 65
jamb 2018

The above chart represents the

AMarketing mix relationship
BProduct mix relationship
CAdvertising mix relationship
DPromotion mix relationship
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Question 66
jamb 2018

The maximum number of shareholders in a public liability company is

AOne hundred
BUnlimited
CFifty
DTwenty
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Question 67
jamb 2018

A company which issues a promissory note in lieu of payment for goods purchased

AIs not bound to renew the note before payment
BCan return the goods purchased and refuse to pay
CCan refuse to pay on due date since it is only a promise
DIs bound to redeem the note for cash on due date
View Explanation & Discuss
Question 68
jamb 2018

Which is the fastest means of transportation?

AWater
Bair
Crail
DRoad
View Explanation & Discuss
Question 69
jamb 2018

Why is clear bill of lading called so?

AIt shows records of damaged goods
BIt shows no records of damaged goods
CIt is a clear bill
DIt signifies no debt is owed
View Explanation & Discuss
Question 70
jamb 2018

In Nigeria, the ministry in charge of registering trade association is that of

ACulture and tourism
BFinance
CIndustries
DCommerce
View Explanation & Discuss
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