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 631
jamb 2015

The development of commerce in west Africa was not hampered by

AInadequate capital
BInadequate means of transportation
CInsurance
DLow savings
View Explanation & Discuss
Question 632
jamb 2015
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
ABank draft
BBankers’ order
CPromissory note
DTravelers cheque
View Explanation & Discuss
Question 633
jamb 2015

The world tourism organization has it headquarters in

ANew York
BMadrid
CParis
DLondon
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Question 634
jamb 2015

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

ACarrying favour from local people
Bfinding a way to spend excess profit
CFulfilling part of its social responsibility
DInvesting its idle fund
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Question 635
jamb 2015

The vessels that operate on specific route on high seas and oceans are

ACoastal Liners and Cargo Liners
BCargo Liners and Tramp liners
CPassenger liners and Tramp liners
DPassenger Liners and Cargo Liners
View Explanation & Discuss
Question 636
jamb 2015
\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000} \\
\hline
\text{Net profit 4000} & \text{Motor van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtor 1000} \\
\hline
\text{Accruals 300} & \text{Bank 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)


What is the acid ratio?
A1.13 : 1
B2 : 1
C4.75 : 1
D4.25 : 1
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Question 637
waec 2014

An advertising campaign designed to sell one's own products at the expense of other brands is

Acompetitive
Bpersuasive
Cdirect
Dinformative
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Question 638
waec 2014

The place where bankers meet daily to exchange cheques drawn on each other is known as

Acapital market
Bmoney market
Cclearing house
Ddiscount houses
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Question 639
waec 2014

When a ship overstays the allowed number of days at the port, it is made to pay

Ainterest
Btariff
Cdemurrage
Dcommission
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Question 640
waec 2014

A voluntary association which consists of people who represents a cross section of business interests in an area is a

ATrade Association
BTrade Union
CChamber of Commerce
DConsumer's Association
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Question 641
waec 2014
A postal service that allows a company's customers to reply to its advertisements at the expense of the company is
Arecorded delivery service
Bpost restante
Cexpress delivery service
Dbusiness reply service
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Question 642
waec 2014

A business obtains part of its short-term capital from

Abonds
Bdebentures
Ctrade credit
Dordinary shares
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Question 643
waec 2014

A person who contributes money to a partnership business and is also involved in its general supervision is called

AAn active partner
Ba limited partner
CA dormant partner
Da nominal partner
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Question 644
waec 2014
The part of authorized capital of a company sold to shareholders is
Apaid-up capital
Bcalled-up capital
Cissued capital
Dnominal capital
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Question 645
waec 2014
The issue of Certificate of Incorporation to a company means that it has
Astarted production
Blegally come into being
Cappointed a board of directors
Dmerged with another company
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Question 646
waec 2014
One of the functions of a central bank is to
Aperform supervisory role among all the banks in the country
Bprovide the means of payment to individuals
Censure the smooth transfer of shares
Daccept private deposits
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Question 647
waec 2014
A system of buying goods by an agent where the supplier is determined by the principal is
Atied shop
Bclosed shop indent
Copen indent
Dring trading
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Question 648
waec 2014
Carpentry is an activity classified under
Aextractive occupation
Btertiary occupation
Ccommercial occupation
Dconstructive occupation
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Question 649
waec 2014
A system of buying products from a machine is known as
AImpulse buying
Bbranding
Cautomatic vending
Dloss leader
View Explanation & Discuss
Question 650
waec 2014
A cheque bearing a date showing that it was issued more than six months ago is termed a
Ablank cheque
Bbearer cheque
Cstale cheque
Dorder cheque
View Explanation & Discuss
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