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 621
jamb 2015

A machine which enables sales without the physical presence of sales attendant is a

ATelex Machine
BFax Machine
CVending Machine
DComputer machine
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Question 622
jamb 2015

Inbound tourism occurs when

Anon-resident s of a country travel within it.
Bnon- resident of a country travel to other countries
Cresident of a country travel within it
DResidents of a country travel to other countries.
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Question 623
jamb 2015

Second-tier securities market differs from the first-tier securities market in that the former is

Ahighly restricted
BRegulated by SEC
CRegulated by NIPC
Dless restricted.
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Question 624
jamb 2015

The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a

APartnership
BCompany
CJoint venture
DCo-operative society
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Question 625
jamb 2015
A direct service is rendered by
AState counsels
BCivil servants
CPolice
DFamily doctor
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Question 626
jamb 2015
Which of the following best describes an invoice?
AContractual agreement for the sale of goods
BDocument specifying quantity, description, prices and total value of purchase .
CReceipt containing necessary information about the goods.
DLetter specifying the contractual sales of goods between two parties
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Question 627
jamb 2015

Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?

ANot yet been issued
BBeen applied for but not issued
CNot been paid-up
DBeen issued but have not been paid-up
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Question 628
jamb 2015

The document that gives an importer freehand to obtain goods form any manufacturer is

AA closed indent
BA consular invoice
CA freight note
DAn open indent
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Question 629
jamb 2015

The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of

AProduct concept
BMarketing concept
CDistribution concept
DPrice concept
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Question 630
jamb 2015

Communication enhances business activities by

Afacilitating interaction between producers
BFacilitating interaction among media houses
Censuring the movement of good forms the producer to the consumer
Dkeeping the goods safe until they and needed
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Question 631
jamb 2015

The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and

AGuaranties
BWarranties
CSureties
DConsideration
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Question 632
jamb 2015

The internet is a system of telecommunication used for

ASending electronic message
BCommunicating messages through telegrams
CCommunicating long-distance
DSending and renewing text message
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Question 633
jamb 2015

The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is

AMain frame Computer
BDigital Computer
CAnalogue Computer
DHybrid Computer
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Question 634
jamb 2015
The application of division of labour would generally bring about
AIncrease in quantity of goods and services
BIncrease in variety of goods and services
CCheapness of goods and services
DCost efficiency in the production of goods and series.
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Question 635
jamb 2015

A market where new shares are traded is known as

APrimary Market
BStock Exchange
CSecondary Market
DMoney Market
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Question 636
jamb 2015
Citizens are against privatization mainly because of
AIneffective Management
BThe likely hood of monopoly
CIncreased price of good and services
DThe ration dilation of organizations.
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Question 637
jamb 2015

The agency in Nigeria which ensure that products conform to government quality specification is the

ANigerian consumers’ association
BManufacturers' Association of Nigeria
CStandard Organization of Nigeria
DNigerian Chamber of commerce
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Question 638
jamb 2015

The major determinant of fire insurance premium is the

AOwner of the property
Busefulness of the property to the owner
CType and structure of the property to be insured
Dextent of fire damaged anticipated.
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Question 639
jamb 2015

In product pricing, which of these elements need more consideration than others?

AThe cost of producing the product
BThe economic conditions in the market
Cthe demography of the buyers of the product
DThe demand for the product
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Question 640
jamb 2015

Which of the following is classified as an immaterial want?

AProtection
BRaw materials
CMachines
DGoods and Services
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