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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.

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

4,313 questions
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Question 1 of 20 4,313 total questions
Question 61
jamb 2025

An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is

 

Aproximate cause
Bindemnity
Cinsurable interest
Dsubrogation
View Explanation & Discuss
Question 62
jamb 2025

The reduction of the value of a country's currency in relation to other country's currencies in

 

 

Afluctuation
Binflation
Cdevaluation
Dderegulation
View Explanation & Discuss
Question 63
jamb 2025

Turnover of a business is the same as the

 

Apurchases of the business
Bassets of the business
Csales of the business
Dprofit of the business
View Explanation & Discuss
Question 64
jamb 2025

Which of the following is a means of payment?

 

AC.I.F
BI.O.U
CPostal order
DPromissory note
View Explanation & Discuss
Question 65
jamb 2025

Which of the following is not an aid to trade ?

 

AInsurance
BBanking
CProduction
DTransport
View Explanation & Discuss
Question 66
jamb 2025

Which of the following is sent by a supplier who does not want to sell on credit?

 

 

 

AConsular invoice
BQuotation
CAdvice note
DProforma invoice
View Explanation & Discuss
Question 67
jamb 2025

An open cheque is one

 

 

AWhich can be cashed over the counter
BWhich has no name
CWhich has no specific amount written on it
Don which the amount is written only in figures
View Explanation & Discuss
Question 68
jamb 2025

The fees charged on postal order by the post office is

 

Apremium
Bpoundage
Cinterest
Dbrokerage
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Question 69
jamb 2025

The transfer of ownership of government business to individuals is

 

 

Aprivatization
Bcommercialisation
Cderegulation
Dnationalization
View Explanation & Discuss
Question 70
jamb 2025

Goods are usually classified into

Asaleable and non saleable goods
Binferior and superior goods
Cluxurious and essential goods
Dproducer and consumer goods
View Explanation & Discuss
Question 71
waec 2024

Which of the following is not problem of  ECOWAS ?

Apursuit of different political ideologies
Bexistence of meagre resources in the member countries
CThe difference in colonial history
Ddisagreement of leadership
View Explanation & Discuss
Question 72
waec 2024

The act of reducing government intervention in business is 

Acommercialization
Bderegulation
Cmerger
Dprivatization
View Explanation & Discuss
Question 73
waec 2024

An objective of the Niger  Basin Commission is to 

Aenhance the development of irrigation systems
BEncourage the use of a common language
CEncourage free trade in the area
Dfacilitate the settlement of indebtedness
View Explanation & Discuss
Question 74
waec 2024

One of the social responsibilities of a business to the community is

Aprovision of after sale service
Bpayment of salary
Censuring profitability
Dcontrolling pollution
View Explanation & Discuss
Question 75
waec 2024

An advantage of commercialization to consumers is that

Ait promotes inefficiency
Bit reduces loyalty of workers
CCustomers do not have a value for their money
Dprices of the product increase
View Explanation & Discuss
Question 76
waec 2024

A reason for the privatization of the petroleum industry is to 

Areduce the production of petroleum products
Breduce private businesses
CEncourage private businesses in the sector
DControl production in the sector
View Explanation & Discuss
Question 77
waec 2024

A document issued by the captain of a ship to acknowledge receipt of goods is a

Adock receipt
Bbill of lading
Cmate receipt
Dships manifest
View Explanation & Discuss
Question 78
waec 2024

The management function that provides guidance and supervision to subordinates is 

Aorganizing
Bplanning
Cdirecting
Dcontrolling
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Question 79
waec 2024

Internal and external factors that affect how business functions is 

Abusiness environment
Bbusiness structures
Cspan control
Dscalar chain
View Explanation & Discuss
Question 80
waec 2024

One of the legislation that protects consumers is the 

Acopyright act
Bcompany act
Cpartnership act
Dsales of good act
View Explanation & Discuss
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