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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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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4,313 questions

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Question 691

waec 2013

A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is

AD 10,0000,000

BD6,000,000

CD4,000,000

DD2,000,000

View Explanation & Discuss

Question 692

waec 2013

The difference between current assets and current liabilities is

AIssued capital

Bcapital employed

Cworking capital

Dnominal capital

View Explanation & Discuss

Question 693

waec 2013

A personal computer on sale in an office equipment shop is an example of

Astock

Bfixed asset

Cliability

Dfixed capital

View Explanation & Discuss

Question 694

waec 2013

Public enterprises are financed mainly by

Athe shareholders

Bcommercial banks

Cgovernment grants

Dmortgage banks

View Explanation & Discuss

Question 695

waec 2013

Which of the following is a feature of supermarkets?

AGives credit to reliable customers

BSpecializes in one line of product

CGoods are on display with price tags

DDoes not have to provide storage facilities

View Explanation & Discuss

Question 696

waec 2013

The various rights attached to different classes of shares are stated in the

Aarticles of association

Bmemorandum of association

Cbalance sheet

Dprospectus

View Explanation & Discuss

Question 697

waec 2013

The concept which says that a company's production policy should be centered on the ultimate user of the product is known as

Amarket segmentation

Bconsumer sovereignty

Cmarketing mix

Dmarketing research

View Explanation & Discuss

Question 698

waec 2013

Trade fairs and exhibitions are media of

Asales promotion

Bcustomer service

Cmarket segmentation

Dadvertising

View Explanation & Discuss

Question 699

waec 2013

Advertising efforts geared towards a particular audience is known as

Amass advertising

Bdirect advertising

Cpersuasive advertising

Dindirect advertising

View Explanation & Discuss

Question 700

waec 2013

A contract made between a ship owner and a merchant for the carriage of cargo is

Aships' manifest

Bcharter party

Cfreight forward

Dcargo service

View Explanation & Discuss

Question 701

waec 2013

The type of transport a manufacturer will use will be influenced by

Atype of sales

Bthe tax on the goods

Cthe customer's age

Dnature of the goods

View Explanation & Discuss

Question 702

waec 2013

"Not Negotiable" on a cheque means

Aownership can be transferred to the third party by mere delivery

Bthe cheque can be paid over the counter on endorsement

Cthe holder has no better title than the person person who transfers it

Downership rests with the one who issued the cheque

View Explanation & Discuss

Question 703

waec 2013

The cost of telephone conversation is determined by

Anumber of words spoken

Bperson sending the message

Cduration of the conversation

Durgency of the message conveyed

View Explanation & Discuss

Question 704

waec 2013

The use of current account in business is convenient because

Awithdrawal can be made at any time

Bdeposits earn higher interests

Cloans are always available

Dnotices are necessary befor withdrawals

View Explanation & Discuss

Question 705

waec 2013

Which of the following protects consumers against poor quality foods

AChambers of Commerce

BStandard Organization

CTrade Association

DManufacturers Association

View Explanation & Discuss

Question 706

waec 2013

Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that

Awould be paid to mr Biu if he should discontinue with the policy

Bwould be paid to mr Biu's beneficiary if he dies

Cis paid annually by mr Biu to the insurance company

Dthe amount mr Biu has paid plus interest

View Explanation & Discuss

Question 707

waec 2013

An insurance policy that covers the body of the ship only is called

AHaulage insurance

BVoyage insurance

CHull insurance

DCargo insurance

View Explanation & Discuss

Question 708

waec 2013

To endorse a cheque means to

Awrite and sign one's name at the back of the cheque

Bwrite "pay cash" on the cheque

Ccross the cheque

Dstop the payment of the cheque

View Explanation & Discuss

Question 709

waec 2013

A market which deals in the purchase and sale of second hand securities is the

AStock Exchange

BBuilding Society

CShippers Council

DCo-operative

View Explanation & Discuss

Question 710

waec 2013

The object clause of a limited liability company is stated in the

AMemorandum of Association

BArticle of Association

CCertificate of Incorporation

DTrading certificate

View Explanation & Discuss

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