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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.

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

130 questions
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Question 1 of 10 130 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
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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
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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
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Question 64
jamb 2025

Which of the following is a means of payment?

 

AC.I.F
BI.O.U
CPostal order
DPromissory note
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Question 65
jamb 2025

Which of the following is not an aid to trade ?

 

AInsurance
BBanking
CProduction
DTransport
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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
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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
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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
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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
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