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 841
waec 2010

The practice whereby customers purchase goods without being attended to by shop assistants is

Apresales service
Bafter sales service
Cself service
Dimpulse buying
View Explanation & Discuss
Question 842
waec 2010

The document of title to goods being shipped abroad is known as

Aconsignment note
Bships manifest
Cbill of entry
Dbill of lading
View Explanation & Discuss
Question 843
waec 2010

Which of the following is an advertising function?

APackaging
BPersuading
CGrading
DSegmenting
View Explanation & Discuss
Question 844
waec 2010

Which of the following is a more suitable medium for advertising a new tractor?

ARadio
BPoster
CNeon sign
DTrade fair
View Explanation & Discuss
Question 845
waec 2010

The enterprise whose main objective is to provide the public with essential services is known as

Acooperative society
Bpartnership
Cprivate company
Dpublic corporation
View Explanation & Discuss
Question 846
waec 2010

What is the name of a service where a bank makes regular payment on behalf of its customers

ADirect debit
BCredit transfer
CStanding order
DBank draft
View Explanation & Discuss
Question 847
waec 2010

When the buyer of an existing share is to receive the pending dividend, the price is

Acum div
Bex-div
Cat par
Dat a discount
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Question 848
waec 2010

A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a

Atraveller's cheque
Bpost-dated cheque
Cstale cheque
Dcrossed cheque
View Explanation & Discuss
Question 849
waec 2010

Which of the following is not true of the stock exchange?

Ait is a commodity market
Bit provides market for trading on shares
CGovernment and companies raise fund through it
Dit provides professional advice on investment
View Explanation & Discuss
Question 850
waec 2010

Which of the following is a safest way of sending important documents through the post

ARegistered mail
BParcel post
CLetter post
DExpress mail
View Explanation & Discuss
Question 851
waec 2010

The exchange of goods for goods in home trade is known as

Aentrepot trade
Btrade by barter
Ccommodity trade
Ddistributive trade
View Explanation & Discuss
Question 852
waec 2010

The main function of a thrift and credit cooperative society is to

Aencourage members to buy cheaply
Benable members get the highest profit
Chelp members get legal redress
Dencourage members to save
View Explanation & Discuss
Question 853
waec 2010

Catalogs are mostly used by

Achain stores
Bdepartment stores
Cmail order firms
Dsupermarkets
View Explanation & Discuss
Question 854
waec 2010

Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?

AProximate cause
BIndemnity
CInsurable interest
DSubrogation
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Question 855
waec 2010

Which of the following must be stated in the article of association?

Athe objects of the company
Bthe registered office address of the company
Cthe method of issue and transfer of shares
DStatement that liabilities are limited
View Explanation & Discuss
Question 856
waec 2010

A company whose shares are not easily transferable is a

Aprivate limited company
Bpublic limited company
Cpublic corporation
Dcompany limited by guarantee
View Explanation & Discuss
Question 857
waec 2010

The selling of articles from place to place on foot is

Amail order
Bitinerant trading
Cbarter
Dself service
View Explanation & Discuss
Question 858
waec 2010

One roof containing a number of shops is a

Atied shop
Bmail order firm
Cdepartment store
Dchain store
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Question 859
waec 2010

The import of foreign-produced goods to be re-exported is known as

Adomestic trade
Bwholesale trade
Centrepot trade
Dcounter trade
View Explanation & Discuss
Question 860
waec 2010
Which of the following factors is not to be considered in starting a retail trade?
ASize of the business
BNature of the business
CAmount of capital required
DLevel of tax payable
View Explanation & Discuss
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