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.

132 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

132 questions
Question 1 of 20 132 total questions
Question 51
jamb 2024

Which of the following is NOT regarded as a welfare service in an organization?

Atraining
Bmedical facilities
Ctransportation
Drecreational facilities
View Explanation & Discuss
Question 52
jamb 2024

The breaking down of work into different processes is known as

Aproduction
Bdivision of labour
Cspecialization
Dexchange
View Explanation & Discuss
Question 53
jamb 2024

A holding company is one which holds shares in another company up to

A51%
B41%
C33%
D25%
View Explanation & Discuss
Question 54
jamb 2024

Which area of law is NOT related to business?

Aagency
Bhire purchase
Cpossession
Dcontract
View Explanation & Discuss
Question 55
jamb 2024

The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

Abusiness reply service
Bcash on delivery service
Cfree post service
Dexpress mail service
View Explanation & Discuss
Question 56
jamb 2024

Which of the following warehouse is generally found near a port?
 

Aproducer's warehouse
Bbonded warehouse
Cdistributor's warehouse
Dmanufacturer's warehouse
View Explanation & Discuss
Question 57
jamb 2024

The relationship between a country's visible imports and exports in a trading year is known as

Abalance of trade
Bcounter trade
Cinternational trade
Dbalance of payment
View Explanation & Discuss
Question 58
jamb 2024

A multiple shop has many stores which sell

Amanufactured goods
Blocally produced goods
Cperishable goods
Dsimilar goods
View Explanation & Discuss
Question 59
jamb 2024

A bill of exchange sold for less than its face value before maturity is said to be

Aprotested
Bcleared
Cdishonored
Ddiscounted
View Explanation & Discuss
Question 60
jamb 2024

Banks issue cheque books to customers holding ___________ accounts.

Aforeign
Bcurrent
Cdeposit
Dfixed deposit
View Explanation & Discuss
Question 61
jamb 2024

The rights of the consumers does NOT include

Athe right to a healthy environment
Bthe right to be informed
Cthe right to fix prices
Dthe right to choose
View Explanation & Discuss
Question 62
jamb 2024

Which of the following CANNOT be sold through a vending machine?

Ashoes
Btickets
Csnacks
Dtea
View Explanation & Discuss
Question 63
jamb 2024

Fishing is an example of

Adirect services
Bmanufacturing industry
Cextractive industry
Dconstruction industry
View Explanation & Discuss
Question 64
jamb 2024

Which of the following can be used to establish an importer's title to goods?

Acargo receipt
Bway bill
Cbill of lading
Dimport license
View Explanation & Discuss
Question 65
jamb 2024

An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

Apro forma invoice
Ban open indent
Ca closed indent
Dan order
View Explanation & Discuss
Question 66
jamb 2024

A public limited liability company is owned by

Agovernment
Bshareholders
Cgeneral public
Ddebenture holders
View Explanation & Discuss
Question 67
jamb 2024

One of the following does NOT fit into the group.

Aagriculture
Bcarpentry
Cfishing
Dmining
View Explanation & Discuss
Question 68
jamb 2024

All the following are principles of insurance EXCEPT

Ainsurable interest
Bparticular average
Cutmost good faith
Dsubrogation
View Explanation & Discuss
Question 69
jamb 2024

A person who runs a business on his own account is called a

Acustomer
Bsole trader
Cdirector
Dpartner
View Explanation & Discuss
Question 70
jamb 2024

An allowance made to a customer for prompt payment is known as

Abulk discount
Bcommission
Ccash discount
Dallowance
View Explanation & Discuss
Question Navigator
Current
MathsFaculty