Commerce Past Questions

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1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 691
jamb 2001

The temporary working area of the central processing unit is called the?

AC-D ROM
BC-D RAM
CROM
DRAM
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Question 692
jamb 2001

Which of the following best describes the classification of computer?

AMini-computer, speed and size
BMicro-computer, cost and abilities
CMini-computer, Micro-computer and work station
DMini-computer , hybrid and digital
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Question 693
jamb 2001
A documentary bill will normally be accompanied by
A. sales invoice, bill of lading and insurance certificate
Bclean bill, bill of lading, and insurance certificate
Cbill of lading, consular invoice, and insurance certificate
Dconsular invoice, FOB certificate and bill of lading
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Question 694
jamb 2001
The major difference between insurance and assurance is that while insurance
Atakes care of uncertainty, assurance takes care of risks
Btakes care of risks , assurance takes care of uncertainty
Chinges on probabilities, assurance is based on possibilities
Dis about indemnity, assurance is about life in the future
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Question 695
jamb 2001
Pooling of risk in insurance means that?
Acompensations are paid out of a common fund
Btwo people can pool their risks to be insured
Ctwo insurance companies can buy two policies
Dinsurance companies should encourage taking risks.
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Question 696
jamb 2001
A factor necessary for siting a warehouse is nearness to
Araw materials
Blabour
Ccapital
Dconsumers
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Question 697
jamb 2001

Warehousing is a productive function because it increase the

Aquantity of goods
Butility of goods
Cquality of goods
Dprice of goods
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Question 698
jamb 2001

Bank Giro is a method of settling debt from a

Acustomer to a bank
Bbank to customer
Ccustomer to another
Dbank to another
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Question 699
jamb 2001

If Mr. Bacus fulfills his promise, he will be entitled to a cash discount of?

AN2,760
BN3,000
C6,500
D9,500
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Question 700
jamb 2001

The trade discount receivable by Mr Bacus is

AN4,500
BN7,500
CN10,500
DN12,000
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Question 701
jamb 2001
The major procedures in the purchase and sale of goods are enquiry
Aquotation, order and invoice
Bplacement, order and invoice
Cbargin, order and invoice
Dorder, sale, and invoice
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Question 702
jamb 2001

The balance of payments of countries is

Aa record of imports and export
Ba systematic record of transaction among countries at a given time
Cthe current and the capital accounts and their payments
Dthe trade relationships and payment among nations
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Question 703
jamb 2001
A pro-forma invoice is sent to inform a buyer about the
Aquantity of goods
Bprices of goods
Cdesignation of goods
Dquality of goods
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Question 704
jamb 2001

The merchant wholesaler is referred to as

Adel-credere agent
Ba broker
Crack jobber
Da factor
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Question 705
jamb 2001
One of the reasons why wholesaling must continue is that?
Athe tax paid by wholesalers on their profit enhances national revenue
Bby creating artificial scarcity, the wholesaler is enhencing competition
Cthe wholesaler provides technical advice to the retailer
Dthe gap between manufacturers and retailers is reduce byn wholesalers
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Question 706
jamb 2001
The capital owned is
AN2,740
BN 1,350
CN1,150
DN570
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Question 707
jamb 2001
The difference between total current assets and total current liabilities of a business is known as
Aquick ratio
Bliquidity ratio
Cworking capital
Dcirculating capital
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Question 708
jamb 2001

(i) Personal Savings
(ii)Retained Earnings
(iii)Accrued taxes
Which of the items above constitute internal sources of financing for companies?

Ai and ii
Bi and iii
Cii and iii
Di, ii and iii
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Question 709
jamb 2001
The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?
Atrust certificate
Bdetachable warrant
Cmortage bond
Dconverttible securities
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Question 710
jamb 2001
The capital employed is
AN 1,000
BN 1,370
CN 140
DN50
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