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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.

160 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

160 questions

Question 1 of 20 160 total questions

Question 71

jamb 2003

Communication process involves the transmission of a message over a selected channel to the?

Areceiver

Baudience

Csender

Dencoder

View Explanation & Discuss

Question 72

jamb 2003

The process of dividing task into jobs and departments and of delegating authority is known as?

Astaffing

Bleading

Cdirecting

Dorganizing

View Explanation & Discuss

Question 73

jamb 2003

One of the functions of seaports is the provision of?

Aberthing and landing facilities

Bloading and off-loading facilities

Ccontrol room for relaying radio messages

Dwarehouses for storage of cargo

View Explanation & Discuss

Question 74

jamb 2003

The management function that makes the difference in intensity of behavior is?

Acoordinating

Bcontrolling

Cmotivation

Dplanning

View Explanation & Discuss

Question 75

jamb 2003

The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is?

Ahull insurance

Btime insurance

Cfreight insurance

Dcargo insurance

View Explanation & Discuss

Question 76

jamb 2003

The focal point of marketing is?

Athe competitior

Bthe buyer

Cprofit-making

Dsales

View Explanation & Discuss

Question 77

jamb 2003

An example of service rendered by NIPOST is?

Aelectronic mail

Bcouier

Ctelephone

Dmail delivery

View Explanation & Discuss

Question 78

jamb 2003

The payment made periodically in respect of an insurance policy entered into is known as?

Abond

Bcommission

Cpremium

Dsurrender value

View Explanation & Discuss

Question 79

jamb 2003

A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing?

Aprice concept

Bdistribution concept

Cproduct concept

Dmarkting concept

View Explanation & Discuss

Question 80

jamb 2003

A guarantee given by one person or party to another in which the integrity of the person is assured is?

Afidelity

Bterm assurance

Csubrogation

Dindemnity

View Explanation & Discuss

Question 81

jamb 2003

The concept that refers to the sale, transfer or exchange of goods and service is?

Aindustry

Btrade

Ctariff

Dmarketing

View Explanation & Discuss

Question 82

jamb 2003

The basic functin of the Nigeria Ports Authority is to?

Aensure that the right calibre of personnel is employed at the ports

Bcoordinate and regulate the activities of shipping lines

Cfacilitate and control the movement of goods and services into and out of the country

Dcoordinate the activities of all the seaports in the country

View Explanation & Discuss

Question 83

jamb 2003

Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount if payment is made within the agreed period. Ojo paid within the agreed period.

How much was the trade discount?

AN42.500

BN27,500

CN22,500

D20,000

View Explanation & Discuss

Question 84

jamb 2003

Use the information below to answer questions 7 and 8.

Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount if payment is made within the agreed period. Ojo paid within the agreed period.

What was the amount paid by Ojo?

AN382,500

BN425,000

CN363,375

DN61,625

View Explanation & Discuss

Question 85

jamb 2003

Goods that are manufactured or acquired by the seller after the contract of sale are?

Aspecialty goods

Bfuture goods

Cspecific goods

Dgeneral goods

View Explanation & Discuss

Question 86

jamb 2003

A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as?

Aselection

Bstrategy

Cstructure

Dsynergy

View Explanation & Discuss

Question 87

jamb 2003

The main motive of chambers of commerce and trade association is to?

Aassist governemnt in achieving its objective

Bprotect the interest of consumers

Cmaximize profit

Dprotect and promote the interests of members

View Explanation & Discuss

Question 88

jamb 2003

The right of ownership with respect to goods or property is?

Aright of occupancy

Bproxy

Ctittle

Dcertificate of occupancy

View Explanation & Discuss

Question 89

jamb 2003

An obstacle to international trade is?

Atrade imbalance between countries

Bavailiability of local market

Cquantity and quality of labour

Dcost of finance

View Explanation & Discuss

Question 90

jamb 2003

An example of a service-rendering trade association is?

ANigeria Bar Association

BAssociation of Nigeria Miners

CCocoa Farmers' Association

DManufacturers' Association of Nigeria

View Explanation & Discuss

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