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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

Select subject

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

4,313 questions

Question 1 of 20 4,313 total questions

Question 821

jamb 2011

The price quoted which includes the cost of insurance, freight and all delivery charges to the importer's warehouse is?

AFree Alongside Ship

BFranco

CFree On Board

DFree On Rail

View Explanation & Discuss

Question 822

jamb 2011

The document which can be exchange for a bill of lading is?

Afreight note

Bmate receipt

Cexport invoice

Dship report

View Explanation & Discuss

Question 823

jamb 2011

A document that indicates obligation that is transferable by delivery and endorsement is a?

Abill of lading

Bbill of exchange

Cdocumentary evidence

Dnegotiable instrument

View Explanation & Discuss

Question 824

jamb 2011

The three components of a country's balance of payments are?

Acurrent account, capital account and monetary movement account

Bcapital account, trade account and business record

Csales account, profit and loss account and capital account

Dmonetary movement account, trade account and sales ledger

View Explanation & Discuss

Question 825

jamb 2011

Balance of payment problems arise if a country's?

Aexports is more than imports

Bimports is more than exports

Ccurrency devaluation

Dinvisible exports is more than visible exports

View Explanation & Discuss

Question 826

jamb 2011

The main frame of selling directly to the consumers by manufacturers is to?

Areduce transportation cost

Bmake contact with individual consumers

Cdiscourage the activities of middlemen

Dmaximize profit margin

View Explanation & Discuss

Question 827

jamb 2011

One of the functions of a retailer is the?

Afinancing of production activities

Bprovision of credit facilities to relations

Cprovision of jobs for customers

Dbreaking of bulk

View Explanation & Discuss

Question 828

jamb 2011

An individual that links the producer with the retailer is?

Aan agent

Ba wholesaler

Can entrepreneur

Da principal

View Explanation & Discuss

Question 829

jamb 2011

Which of the following is a limitation of division of labour?

ADecline in craftmanship

BMonotony of work

CReduction in output

DReduction in labour force

View Explanation & Discuss

Question 830

jamb 2011

Resources obtained from the extractive sector that are transformed into finished products are examples of?

Aprimary production

Btertiary production

Cdirect production

Dsecondary production

View Explanation & Discuss

Question 831

jamb 2011

The creation of goods and services to satisfy human wants is referred to as?

Amanufacturing

Bcommercialization

Cproduction

Dentrepreneurship

View Explanation & Discuss

Question 832

jamb 2011

Service rendered to the public is provided by?

Agovernement

Bcivil servants

Cprofessionals

Ddomestic servants

View Explanation & Discuss

Question 833

jamb 2011

An oil exploration company is engaged in?

Atertiary production

Bconstructive occupation

Cextractive occupation

Dsecondary production

View Explanation & Discuss

Question 834

jamb 2011

The three main classification of occupation are?

Aconstruction, trade and services

Bmanufacturing, industry and services

Cfarming, banking and trading

Dindustry, commerce and services

View Explanation & Discuss

Question 835

jamb 2011

The most important function of commerce is in?

Aenhancing business relationships

Bhelping people to improve their profits

Cfacilitating exchange among individuals and firms

Dassisting trade through banking and insurance

View Explanation & Discuss

Question 836

waec 2010

Which of the following mode of transport involves the use of tramps?

ALand transport

BSea transport

CAir transport

DPipeline

View Explanation & Discuss

Question 837

waec 2010

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.

What is the cost of goods sold

A#30,000

B#25,000

C#20,000

D#15,000

View Explanation & Discuss

Question 838

waec 2010

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.

What is the percentage of expenses over cost?

A50%

B33%

C25%

D17%

View Explanation & Discuss

Question 839

waec 2010

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000

What was his net profit?

A#35,000

B#25,000

C#15,000

D#5,000

View Explanation & Discuss

Question 840

waec 2010

Which of the following ancillary services makes it possible for goods to be where they are required?

ACommunication

BBanking

CTransportation

DInsurance

View Explanation & Discuss

Question Navigator

Current

Commerce Past Questions

Take a test

Custom CBT

JAMB CBT Simulator

WAEC CBT Practice 2026 Simulator

NECO CBT Practice 2026 Simulator

Past Questions

Question Navigator

MathsFaculty