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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 591
waec 2015

which of the following is used for making payments to many people in a single cheque

Adebit transfer
Bcertified cheque
Cbank draft
Dcredit transfer
View Explanation & Discuss
Question 592
waec 2015

commerce started as a result of?

Aspeculation
Bconsumption
Cspecialization
Dnationalization
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Question 593
waec 2015

turnover could be increased by

Aincreasing prices and product differentiation
Badvertising and cutting prices
Crefusing credit and customer services
Dincreasing the mark up and margin
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Question 594
waec 2015

when shares are sold ex-div it means the?

Ashares are sold at par price
Bbuyer is entitle to the next dividend
Cshares are sold above par
Dseller has right to the next dividend
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Question 595
waec 2015

which of the following principls stipulates that the insured must be in a position to suffer financial loss?

Aindemnity
Bproximate clause
Cinsurable interest
Dsubrogation
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Question 596
waec 2015

the market for short term security is called?

Acommodity market
Bdiscount market
Cmoney market
Dstock market
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Question 597
waec 2015

a house insured against damage by flood was burnt down and the owner had no claim. which of the following principles prevented him from making a claim

Aindemnity
Bcontribution
Cinsurable interest
Dproximate cause
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Question 598
waec 2015

A cheque made payable to a named person is?

Aa crossed cheque
Ba certified cheque
Can order cheque
Da confirmed cheque
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Question 599
waec 2015

the practice of selling goods in foreign markets at a price lower than the cost price is?

Afair trading
Bunder invoicing
Chedging
Ddumping
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Question 600
waec 2015

Retail outlets which sell from specialized vans are called?

Asuper market
Bmultiple shops
Cmail order
Dmobile shop
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Question 601
waec 2015

which of the following is an aspect of marketing concept

Aproduct differentiation
Bsales orientation
Cconsumer orientation
Dprice differentiation
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Question 602
waec 2015

The reduction in the value of a country's currency in  relation to others is?

Are denomination
Bdevaluation
Cinflation
Ddeflation
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Question 603
waec 2015

Which of the following is classified under current assets

Amachinery
Bmotor vehicle
Cstock
Dfittings
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Question 604
waec 2015

The capital used in the day to day running of a business is?

Anominal capital
Bworking capital
Cpaid up capital
Dauthorized capital
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Question 605
waec 2015

Duty drawback refers to duties paid on?

Aexported goods produced with local content
Bre-exported goods previously imported
Cimported goods for sale locally
Dlocally manufactured goods for sale locally
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Question 606
waec 2015

Which of the following business units enjoys government subsidies

Aprivate limited company
Blimited partnership
Cpublic limited company
Dpublic enterprises
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Question 607
waec 2015

The term utmost good faith in insurance means?

Aboth the insured and insurer must disclose all information
Bonly the insurer must disclose all information
Cthe beneficiary must disclose all information
Donly the insured must disclose all information
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Question 608
waec 2015

which of the following is a function of the retailer to the wholesaler

Aproviding after sales services
Bproviding information on market trends
Csales of variety of goods
Dsales of goods in smaller quantities
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Question 609
waec 2015

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

Aa bounced cheque
Ba bearer cheque
Ca crossed cheque
Dan order cheque
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Question 610
waec 2015

which of the following workers is engaged in construction occupation

Amason
Bshop assistant
Cfarmer
Dtrain driver
View Explanation & Discuss
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