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.

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

132 questions
Question 1 of 12 132 total questions
Question 61
jamb 2024

Prospectus in relation to a public limited inability company means

Aa document stating the types or shares
Ban invitation to the public to collect dividends
Can invitation to the public to buy shares
Da document where the names of shareholders are written
View Explanation & Discuss
Question 62
jamb 2024

Which of the following is NOT an aim of advertising?

Ainspiring public confidence in the goods
Barousing the interest of the public
Creducing the cost of the goods produced
Dattracting the attention of the public
View Explanation & Discuss
Question 63
jamb 2024

A tax paid on goods manufactured and consumed in your country is called

Aexcise duty
Bgoods tax
Cincome tax
Dcustom duty
View Explanation & Discuss
Question 64
jamb 2024

An agreement that is enforceable in law is called

Aan offer
Ba decree
Ca contract
Da declaration
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Question 65
jamb 2024

The first Nigerian enterprises promotion decree was promulgated in

A1972
B1973
C1974
D1977
View Explanation & Discuss
Question 66
jamb 2024

Closing stock is also known as

Astock at close
Bbalance brought forward
Copening inventory
Dstock at beginning
View Explanation & Discuss
Question 67
jamb 2024

The main objective of nationalization of industries is to

Aprevent existing firms from liquidation
BMake more profit for the government
Cprevent all aliens from taking part in the business activities of a country
Dbring an Industry under state ownership and control
View Explanation & Discuss
Question 68
jamb 2024

The sum which the insured pays periodically to his insurance company is called

Aa commission
Ban indemnity
Ca policy
Da premium
View Explanation & Discuss
Question 69
jamb 2024

Which of the following does a seller send in reply to a letter of inquiry?

Aquotation
Bcredit note
Cdebit note
Ddelivery note
View Explanation & Discuss
Question 70
jamb 2024

Which of the following is NOT part of Pre-Sales Service/ice?

Agranting of credit or hire purchase sales facilities
Bassisting the prospective buyer to set up facilities for storage
Cdispatching of quotation and price list
Dproviding detailed information about goods to be purchased
View Explanation & Discuss
Question 71
custom 2024
The person who buys goods from a seller is the
Awholesaler
Bagent
Cbroker
Dcustomer/buyer
Question 72
custom 2024
Which of these is a means of payment?
Amachine
Bcheque
Cland
Draw material
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