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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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 701
waec 2013

The Board of Directors of Public corporation is appointed by the

Agovernment
Bshareholders
Cmanagement
Demployees
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Question 702
waec 2013

The last link in the production process is the

Atransporter
Bwholesaler
Cconsumer
Dretailer
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Question 703
waec 2013

Who among the following does not render direct service?

ATeacher
BMusician
CDoctor
DRetailer
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Question 704
waec 2013
Which of the following is not the function of commerce
Athe conversion of raw materials into semi-finished products
Bthe conversion of semi-finished products into end products
CProvision of services to customers
DThe exchange and distribution of goods and services
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Question 705
waec 2013

If a share is quoted ex-div, it means the new buyer would

Aget the next dividend
Bnot get the next dividend
Cget a fixed dividend
Dnot get any dividend
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Question 706
waec 2013

Voyage policy insurance is associated with

Afire
Blife
Cmarine
Dburglary
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Question 707
waec 2013

An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is

Aindemnity
Binsurable interest
Cproximate cause
Dsubrogation
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Question 708
waec 2013

A person who earns extra commission for guaranteeing debts is a

Afactor
Bbroker
Ccommission agent
Ddel-credere agent
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Question 709
waec 2013
Which of the following will be suitable for hire purchase sale?
AShares
BRefrigerator
CShoes
DTextile
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Question 710
waec 2013

Carriage forward on an invoice means

Acarriage will be paid next time
Bcarriage will be paid by seller
Ccarriage will be paid by buyer
Dcarriage has been paid
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Question 711
waec 2013

A document used as a polite way of refusing credit is

Aadvice note
Bquotation
Cproforma invoice
Dinvoice
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Question 712
jamb 2013

Use the above table to answer this question

What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?

AIndemnity
BInsurable interest
CUberrimae fidei
DSubrogation
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Question 713
jamb 2013

Use the table above to answer this question

If Mr. N takes a fire insurance policy with average clause, his compensation will be

AN 5000
BN 7, 500
CN 70, 000
DN 75, 000
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Question 714
jamb 2013

The difference between indemnity insurance and non-indemnity insurance is that the latter provides

Acover for exporters against risks
Bcover for importers against risks
Cfull payment to the insured
Dconsolation payment to the insured
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Question 715
jamb 2013

A computer accessory through which information can be retrieved is the

Ahard disk
Binput device
Ccontrol unit
Dfloppy disk
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Question 716
jamb 2013
The environmental hazard that is most difficult to control is
Aland pollution
Bwater pollution
Cair pollution
Dpolitical unrest
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Question 717
jamb 2013

A major factor that affects business operations is

Atechnology
Bsupply
Cproduct
Drivalry
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Question 718
jamb 2013

To meet security requirements before gaining access to data, a computer operator supplies

Aan e-mail address
Ba yahoo address
Ca password
Da modem
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Question 719
jamb 2013

The type of computer software used mainly for management information is

Acorel draw
Bautocad
Cdata base
Dword perfect
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Question 720
jamb 2013

The physical component of a computer system is

Asoftware
Bhardware
Chard disk
Dfloppy disk
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