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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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

2,221 questions

Question 1 of 20 2,221 total questions

Question 611

waec 2002

Transforming raw materials into finished products is an example of?

Aprimary production

Bsecondary production

Ctertiary production

Ddirect service

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Question 612

waec 2002

The distribution and exchange of goods and services for the satisfaction of wants in the concern of?

Aproduction

Butility

Ccommerce

Dindustry

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Question 613

waec 2001

Which of the following is a means of payment to persons abroad through the post office?

APostal order

BCheque

Cbank draft

DTelegraphic money order

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Question 614

waec 2001

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

AHire purchase Act

BTrade Description Act

CFoods and Drugs Act

DSale of Good Act

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Question 615

waec 2001

A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?

Aa bull

Ba bear

Ca stag

Dan underwriter

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Question 616

waec 2001

The exchange of goods for goods in foreign trade is known as?

Avisible trade

Bsmuggling

Ccounter trade

Dentrepot trade

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Question 617

waec 2001

The greatest advantage of air transport over all other means of transport is it's?

Acomfort

Bsafety

Cspeed

Dflexibility

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Question 618

waec 2001

Product pricing, distribution and promotions are elements of?

Amarketing mix

Bmarketing research

Csales promotion

Dproduct orientation

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Question 619

waec 2001

An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?

Atrade associate

Bchamber of commerce

Ctrade union

Dcooperative society

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Question 620

waec 2001

The turnover of a company will improve if the company increases?

AAdvertising

Bprices of goods

Cproduction

Dwarehousing facilities

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Question 621

waec 2001

The term "21/4%40 days"refers to?

Amark-up

Btrade discount

Ccash discount

Dvalue added tax

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Question 622

waec 2001

Which of the following is a function of a warehouse?

AStabilizing prices

BIncreasing competition

CStimulating demand

DControlling quality

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Question 623

waec 2001

Which of the following is not feature of a department store?

ALocated at the centre of the city

BBulk buying

CAttractive layout

DSeling one line of goods

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Question 624

waec 2001

Which of the following is not a marketing function?

AAdvertising

BInsurance

CPackaging

DTransportation

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Question 625

waec 2001

A specially designed container to convey crude oil or liquid from another location to another is a?

Alaunche

Btanker

Cferry

Dcoaster

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Question 626

waec 2001

The portion authorized capital made available to the public for subscription is?

Acalled-up capital

Bpaid-up capital

Ccall in arrears

Dissued capital

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Question 627

waec 2001

Which of the following is not a function of the ports Authority?

AEnsuring safe movement of ships

BCollecting import and export duties

CProviding warehouse services

DEnsuring law and order in the harbours

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Question 628

waec 2001

When a bill is paid before its date at a lesser value, it is?

Aaccepted

Bdiscounted

Cdishonoured

Dretired

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Question 629

waec 2001

Which of the following is not used to correct adverse balance of payment?

AIncreasing imports

BIncreasing exports

CDecreasing import

DDevaluation

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Question 630

waec 2001

The extra commission for pledging full settlement of the wholesaler to the manufacturer?

AWarehousing

BQuality Control

CFinancing

DBulk -breaking

View Explanation & Discuss

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