Log In SignUp
Classroom

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.

147 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

147 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 7 147 total questions
Question 71
jamb 1997
The main purpose of insurance is to
Aencourage business to surviveand grow
Bensures that facilities are available for operators
Caccepts risk s and extend credit to policy holders
Dspread individual losses ove all covered participants
View Explanation & Discuss
Question 72
jamb 1997

The person who undertakes any risk in insurance business is known as

Aa broker
Ban underwriter
Can insurer
Dan actuary
View Explanation & Discuss
Question 73
jamb 1997
The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?
Apipe line
Bair
Crail
Droad
View Explanation & Discuss
Question 74
jamb 1997
An example of indirect service is rendered by
Acivil servants
Bfamily doctors
Chousehold servant
Dentertainers
View Explanation & Discuss
Question 75
jamb 1997
Transport, retailing and wholesaling industries rely heavily on
Abanking
Binsurance
Cmanufacturing
Drailway
View Explanation & Discuss
Question 76
jamb 1997
A royal charter was granted to the Royal Niger Company to do business in Nigeria in
ADecember 1888
BMay 1887
CJuly 1886
DAugust 1885
View Explanation & Discuss
Question 77
jamb 1997
Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking
AI and II
BI and III
CI, II and IV
DII, III and IV
View Explanation & Discuss
Question Navigator
Current
MathsFaculty