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
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 601
waec 2015

what is the rate of turnover by BYX Enterprise

A5.0 times
B3.5 times
C3.0 times
D1.5 times
View Explanation & Discuss
Question 602
waec 2015

calculate the gross profit by BYX Enterprise

AD13,000
BD9,000
CD5,000
DD1,000
View Explanation & Discuss
Question 603
waec 2015

Which of the following activities is classified under extractive industry?

Aexploration of minerals
Bconstruction of roads
Ccanning of tomatoes purees
Dassembling of cars
View Explanation & Discuss
Question 604
waec 2015

The term consumer sovereignty means that?

Aseller is the king
Bproduct is supreme
Cbuyer is the king
Dproducer is the king
View Explanation & Discuss
Question 605
waec 2015

Which of the following aids to trade is used to stimulate demand for goods

Abanking
Btransport
Cinsurance
Dadvertising
View Explanation & Discuss
Question 606
waec 2015

The value of bamidele authorized share capital is?

AN160,000,000
BN100,000,000
CN65,000,000
DN40,000,000
View Explanation & Discuss
Question 607
waec 2015

An association that protects the interest of members in the same line of business is?

Aconsumer association
Btrade union
Ctrade association
Dchamber of commerce
View Explanation & Discuss
Question 608
waec 2015

Which of the following means of payment makes the bank both the drawer and drawee

Astanding order
Bbill of exchange
Cbank draft
Dopen cheque
View Explanation & Discuss
Question 609
waec 2015

How many countries make up the River Niger Basin commission

A16
B12
C10
D9
View Explanation & Discuss
Question 610
waec 2015

When a government acquires business enterprises formerly owned by individuals, it is termed?

Acommercialization
Bindigenization
Cprivatization
Dnationalization
View Explanation & Discuss
Question 611
waec 2015

Which of the following aids to trade facilitates production ahead of demand

Ainsurance
Btransport
Cadvertising
Dwarehousing
View Explanation & Discuss
Question 612
waec 2015

Dividing the market for a product according to potential buyers who have common characteristics is?

Amarket analysis
Bmarket penetration
Cmarket segmentation
Dmarket research
View Explanation & Discuss
Question 613
waec 2015

The insurance services rendered to a foreign shipping company are treated as?

Ainvisible export
Binvisible imports
Cvisible export
Dbalance of payment
View Explanation & Discuss
Question 614
waec 2015

A professional in insurance who evaluates the level of loss claims is

Aadjuster
Baccessor
Cunderwriter
Dan actuary
View Explanation & Discuss
Question 615
waec 2015

An extra commission paid to an agent who guarantees credit sales made by him is?

Adel credere
Bguarantors fee
Cjobber's turn
Dbrokerage
View Explanation & Discuss
Question 616
waec 2015

The practice of giving a particular name to a product by a manufacturer is

Abranding
Bstandardization
Cpublicity
Dadvertising
View Explanation & Discuss
Question 617
jamb 2015
\(\begin{array}{c|c}
\text{Name} & \text{Insure amount} & \text{Actual value} & \text{Actual loss} \\
\hline
\text{Mr A} & 30,000 & 100,000 & 40,000 \\
\hline
\text{Mr B} & 40,000 & 120,000 & 50,000 \\
\hline
\text{Mr C} & 50,000 & 15,000 & 70,000 \\
\end{array}\)

If Mr A takes a fire insurance policy with average clause, his compensation will be
AN15,000
BN20,000
CN12,000
DN25, 000
View Explanation & Discuss
Question 618
jamb 2015

\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000}\\
\hline
\text{Net profit 4000} & \text{Motor Van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtors 1000} \\
\hline
\text{Accurals 300} & \text{Banks 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)

What is the current ratio?

A1 : 4
B5 : 1
C3 : 1
D2 : 1
View Explanation & Discuss
Question 619
jamb 2015

Given

\(\begin{array}{c|c}
\text{Opening stock} & 50,000 \\
\hline
\text{Purchases} & 200,000 \\
\hline
\text{Sales} & 350,000 \\
\hline
\text{Closing stock} & 80,000 \\
\end{array}\)

What is the cost of good sold?

AN200,000
BN190,000
CN170,000
DN175,000
View Explanation & Discuss
Question 620
jamb 2015
\(\begin{array}{c|c}
\text{Opening stock} & 1800 \\
\hline
\text{Purchases} & 2800 \\
\hline
\text{Sales} & 800 \\
\hline
\text{Closing stock} & 800 \\
\hline
\text{Carriage on sale} & 500 \\
\end{array}\)

Calculate the value of the unused stock
AN320
BN350
CN500
DN800
View Explanation & Discuss
Question Navigator
Current
MathsFaculty