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.

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

131 questions
Question 1 of 11 131 total questions
Question 61
jamb 2022

A retail business that sells goods by post, using catalogue is a

Achain store
Bdepartment store
Cmail order firm
Dshopping mail
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Question 62
jamb 2022

Average stock is derived by adding

Aclosing stock to purchase divided by 2
Bclosing stock to opening stock
Copening stock to closing stock divided by 2
Dopening stock to purchases
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Question 63
jamb 2022

A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

Awholesaler cooperative society
Bthrift and credit society
Cconsumer cooperative society
Dchamber of commerce
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Question 64
jamb 2022

Which of the following organizations provide essential goods and services at low cost to citizens?

AThrift societies
BPublic enterprises
CPrivate companies
DCooperative societies
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Question 65
jamb 2022

The resources put together to create goods and services are

Aworking capital
Bproducer goods
Cfactors of production
Dconsumer goods
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Question 66
jamb 2022

The service of a retailer is part of production because it

Acreates a link between consumers and producers
Benables finished goods to reach consumers
Cincreases consumers standard of living
Dis a commercial occupation
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Question 67
jamb 2022

One of the products of the construction industry is a

Apiece of cloth
Bbag of cement
Ctelevision
Dchair
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Question 68
jamb 2022

The growth of commerce is not enhanced by

Adevelopment of modern forms of production
Bgovernment participation in business
Chigh population growth
Dlow per capita income
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Question 69
jamb 2022

The provision of services is classified under

Abatch production
Bflow production
Csecondary production
Dtertiary production
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Question 70
jamb 2022

An article used as a means of exchange in the early days of trade in West Africa was

Acedis
Bcowrie
Cdalasi
Dnaira
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Question 71
jamb 2022
Commerce involves the exchange of goods and
Atrade secrets
Bideas only
Cservices
Draw materials only
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