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.

143 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

143 questions
Question 1 of 20 143 total questions
Question 61
jamb 2009

One major advantage of transportation to a business is to?

Aextend the firm's market coverage
Bensure that goods are produced faster
Cprocure raw materials cheaply
Densure the quality of products
View Explanation & Discuss
Question 62
jamb 2009

The most important reason for the existence of insurance business is to?

Aprevent the occurrence of any loss
Bspread losses to all covered participants
Cprovide for the replacement of facilities
Dencourage individuals to save
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Question 63
jamb 2009

A risk that can be estimated and calculated to be compensation is?

Aa delivery risk
Ban insurable risk
Ca credit risk
Da systematic risk
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Question 64
jamb 2009

The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?

Acontribution
Bsubrogation
Cpromiate cause
Dutmost good faith
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Question 65
jamb 2009

The transmission of telephone services from one country to another is facilitated by?

Acommunication satelite
Binternational facility
Cinterconnectivity
Dinternet services
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Question 66
jamb 2009

In which of the following will the numbers of words used determine the cost of the message sent?

ATelephone
BTelegram
CE-mail
DTelex
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Question 67
jamb 2009

The central bank differs from commercial banks because it?

Arenders service to customers
Bcarries out foreign exchange transactions
Cissues currencies
Ddiscount bills
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Question 68
jamb 2009

One of the facilities enjoyed by a current account holder is?

Aa dividend
Ba bonus
Can overdraft
Dinterest on deposits
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Question 69
jamb 2009

A collective term for advertising, personal selling and publicity is?

Aexhibition
Bpromotion
Ctrade fair
Dmerchandizing
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Question 70
jamb 2009

Billboards and posters are forms of?

Aelectronic media
Bprint media
Coutdoor media
Dwindow display media
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Question 71
jamb 2009

A cheque which a bank draws on its own funds is a?

Abankdraft
Bcashier's cheque
Cbank cheque
Dcrossed cheque
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Question 72
jamb 2009

If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?

AN56 250
BN43 750
CN43 250
DN6250
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Question 73
jamb 2009

The term free on board means that the price includes?

Acosts and insurance only
Bcosts and freight only
Cfreight and insurance only
Dcosts, insurance and freight
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Question 74
jamb 2009
The most commonly used commercial documents are?
Aorder notes, debit notes, invoices and quotations
Bletters of enquiry, consignment notes, receipts and invoices
Ccredit notes, statement of accounts, depatch order and bills
Dbalance sheet, receipts, invoices and manifest
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Question 75
jamb 2009

An artificial barrier to international trade is?

Apolitical unrest
Bculture of the people
Cunits of measurement
Dcustom duties
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Question 76
jamb 2009
One of the functions of the wholesaler is to?
Aforecast prices
Breduce prices of goods
Cpromote sales
Danalyse sales periodically
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Question 77
jamb 2009
A chain store usually combines the features of?
Amulitiple shops and departmental stores
Bhypermarkets and stalls
Cmultiple shops and hypermarkets
Dmail order business and multiple stops
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Question 78
jamb 2009

The major components of modern retailing include?

Abranding, doorstep selling and customer stimulation
Bbranding, sales promotion and mail order
Cchain store, customer stimulating and doorstep selling
Dbranding, supermarkets and after sales-service
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Question 79
jamb 2009

Primary production is associated with?

Abanking
Bmanufacturing
Cagriculture
Dconstruction
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Question 80
jamb 2009

Resources harnessed in certain proportion to create goods and services are?

Afactors of production
Btechnology and labour
Cland and entrepreneur
Draw materials
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