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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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
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Question 1 of 20 1,707 total questions
Question 61
jamb 2024

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

Acommission
Bbrokerage
Cinterest
Djobbers turn
View Explanation & Discuss
Question 62
jamb 2024

The body charged with the responsibility monitoring the quality of goods supplied is the

Amanufacturers' association
Bchamber of commerce
CNigerian standards organization
Dconsumers' association
View Explanation & Discuss
Question 63
jamb 2024

When the price quoted includes all the cost to the actual destination, that is, from the seller's warehouse to the buyer's warehouse. it is called

Aloco price
Bfranco
Ccarriage paid
Dcash on delivery
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Question 64
jamb 2024

Shares are said to be sold at a discount when they are sold

Abelow par
Bto the public
Cat par
Dabove par
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Question 65
jamb 2024

Which of the following is NOT part of the marketing mix?

Aplace
Bpromotion
Cprice
Dpersonnel
View Explanation & Discuss
Question 66
jamb 2024

The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of

Aconstructive total loss
Ban actual total loss
Ca general average loss
Da partial loss
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Question 67
jamb 2024

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

Aperformance
Bbreach of contract
Coperation of the law
Dfrustration
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Question 68
jamb 2024

Obi received a cheque for #1000 from Mr. Ade and this cheque was stolen. He must

Ainform Mr. Ade to tell his bank to stop payment
Binform his bank to stop payment
Csimply ask Mr. Ade for another cheque
Dtell his bank to add the amount to his bank balance
View Explanation & Discuss
Question 69
jamb 2024

Which of these is used in calculating working capital?

Afurniture and fittings
Bstock of raw material
Cmachinery
Doffice equipment
View Explanation & Discuss
Question 70
jamb 2024

The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

Anationalisation
Bindigenity
Ccommercialization
Dindustrialization
View Explanation & Discuss
Question 71
jamb 2024

Which of the following is NOT regarded as a welfare service in an organization?

Atraining
Bmedical facilities
Ctransportation
Drecreational facilities
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Question 72
jamb 2024

The breaking down of work into different processes is known as

Aproduction
Bdivision of labour
Cspecialization
Dexchange
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Question 73
jamb 2024

A holding company is one which holds shares in another company up to

A51%
B41%
C33%
D25%
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Question 74
jamb 2024

Which area of law is NOT related to business?

Aagency
Bhire purchase
Cpossession
Dcontract
View Explanation & Discuss
Question 75
jamb 2024

The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

Abusiness reply service
Bcash on delivery service
Cfree post service
Dexpress mail service
View Explanation & Discuss
Question 76
jamb 2024

Which of the following warehouse is generally found near a port?
 

Aproducer's warehouse
Bbonded warehouse
Cdistributor's warehouse
Dmanufacturer's warehouse
View Explanation & Discuss
Question 77
jamb 2024

The relationship between a country's visible imports and exports in a trading year is known as

Abalance of trade
Bcounter trade
Cinternational trade
Dbalance of payment
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Question 78
jamb 2024

A multiple shop has many stores which sell

Amanufactured goods
Blocally produced goods
Cperishable goods
Dsimilar goods
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Question 79
jamb 2024

A bill of exchange sold for less than its face value before maturity is said to be

Aprotested
Bcleared
Cdishonored
Ddiscounted
View Explanation & Discuss
Question 80
jamb 2024

Banks issue cheque books to customers holding ___________ accounts.

Aforeign
Bcurrent
Cdeposit
Dfixed deposit
View Explanation & Discuss
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