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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 731
waec 1998
Which of the following is not a negotiable instrument?
AInvoice
BMoney order
CCheque
DPromissory note
EBill of exchange
View Explanation & Discuss
Question 732
waec 1998
Which of the following describes the marketing mix?
ADistribution, production policy, promotion, pricing policy
BProduct planning, development , market research, price
CProduct, Price, place, development
DCommunication, advertising, pricing, promotion
EAdvertising, pricing, development, communication
View Explanation & Discuss
Question 733
waec 1998
A document issued to a buyer showing the quantity description and prices of goods bought is called
Aa catalogue
Ban invoice
Ca price list
Dan order
Ean advice note
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Question 734
waec 1998
The reward of entrepreneurship as a factor of production is
Ainterest
Bcommission
Cprofit
Dsalary
Erent
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Question 735
waec 1998
Movement of commercial vehicles in Nigeria is controlled by the
ANigerian Ports Authority
BNational Association of Road Transport Workers
CFederal Ministry of Transport
DNigerian Customs Authority
ENigerian Airports Authority
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Question 736
waec 1998
Key industries and those requiring huge capital are usually established as
Apublic corporations
Bpublic limited companies
Cprivate limited companies
Dholding companies
Epartnerships
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Question 737
waec 1998
The management and control of co-operative societies are in the hands of the
Acontributors
BBoard of Directors
CCommittee
DFinancial controller
ERegistrar
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Question 738
waec 1998
On which of the following grounds may a company be compulsorily wound up?
Athe company is making abnormal profits
Bit did not declare dividends every year
Cits products compete with that of a government company
Dit fails to commence business within a year of its incorporation
Eit fails to make profit within a year of its incorporation
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Question 739
waec 1998
Who among the following is not engaged in a commercial occupation
Aa stock brocker
Ban engineer
Ca banker
Da common carrier
Ean advertising agent
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Question 740
waec 1998
The two main branches of trade are
Acommerce and aids to trade
Bhome and foreign trade
Cforeign and entreport trade
Dwhole sale and retail trade
Evisible and invisible trade
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Question 741
waec 1998
Commerce is concerned mainly with the
Aproduction of goods and services
Bdistribution of goods and services
Cconsumption of goods and services
Dstoring of goods
Eadvertising of goods
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Question 742
waec 1998
The two main branches of trade are?
Acommerce and aids to trade
Bhome and foreign trade
Cforeign and entrepot trade
Dwholesale and retail trade
Evisible and invisible trade
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Question 743
waec 1998
Commerce is concerned mainly with the?
Aproduction of goods and services
Bdistribution of goods and services
Cconsumption of goods and services
Dstoring of goods
Eadvertising of goods and services
View Explanation & Discuss
Question 744
waec 1997
When a bill of exchange is signed by a debtor, it is said to be
Aaccepted
Bnegotiated
Chonoured
Dprotested
Eaccomodated
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Question 745
waec 1997
The payment made to the insured for loss incurred is
Apremium
Bindemnity
Cex gratia payment
Dsurrender value
Einterest
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Question 746
waec 1997
When an industry is nationalized, ownership belongs to the
Aprivate investors
Bindigenes
Cstate
Dshareholders
Eforeigners
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Question 747
waec 1997
Mr Ojo paid Nnamdi the sum of #3,000 for a piece of land without their signing any deed of sale. Which of the following elements of contract is lacking in the transaction?
AValuable consideration
BFormality
COffer and acceptance
DCapacity
EConsensus ad idem
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Question 748
waec 1997
An agent with authority to bind his principal in everything, provided he acts lawfully is called
Aa del credere agent
Ba special agent
Ca universal agent
Da factor
Ean aunctioneer
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Question 749
waec 1997
The art of combining human, material and other resources to achieve the stated goals of a business is known as
Aplanning
Bcontrolling
Cmotivation
Ddirecting
Eorganizing
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Question 750
waec 1997
A restriction on the quantity of a commodity that could be imported is known as
Alicence
Bprice control
Cquota
Dtariff
Eban
View Explanation & Discuss
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