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 871
jamb 2010

The document that gives an importer a freehand to obtain goods from any manufacturer is?

Aa consular invoice
Ba closed indents
Can open indent
Da freight note
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Question 872
jamb 2010

The comparison of a country's visible and invisible exports and imports expressed in monetary term is?

Abalance of payment
Bterms of trade
Cbalance of trade
Dterms of payment
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Question 873
jamb 2010

The activity which entails buying of goods in bulk and selling in small quantities to retailers is?

Aassembling
Bwholesaling
Cretailing
Dmerchandising
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Question 874
jamb 2010

A trend in retailing which enables consumers to have free access to different products is?

Aafter-sales services
Bbranding
Cself-services
Dvending machine
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Question 875
jamb 2010

After-sales service is a function usually rendered by?

Aa retailer
Ba wholesaler
Can agent
Dan enterpreneur
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Question 876
jamb 2010

A worker who process rice is engaged in?

Aconstructive activity
Bcomercial activity
Cextractive activity
Dmanufacturing activity
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Question 877
jamb 2010

Division of labour ultimately leads to?

Aconservation
Bintergration
Cspecialization
Drepetition
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Question 878
jamb 2010

The factor of production that is subject to depreciation is?

Acapital
Bland
Clabour
Dentrepreneur
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Question 879
jamb 2010

The rewards of rents, wages, interests and profits accrue from?

Acapital, labour, land and enterpreneur respectively
Bland, enterpreneur,labour and capital respectively
Cland, labour, capital and entrepreneur respectively
Dlabour, enterpreneur, land and capital respectively
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Question 880
jamb 2010

Manufacturing and constructive activities are classified under?

Aprimary production
Btertiary production
Csecondary production
Ddirect service
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Question 881
jamb 2010

A doctor who attends to patients at home after his official duty is?

Aa community develoment worker
Ba direct service worker
Can indirect sevice worker
Da direct and an indirect sevice worker
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Question 882
jamb 2010

Which of the following can be used to differentiate skilled and unskilled labour?

AEducation and training
BAvailable resources
CLevel of commitment
DSalaries and wages
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Question 883
jamb 2010

The wealth of a nation depends on the volume of its?

Abilateral trade activities
Bcommercial activities
Cmultilateral trade activities
Dstock market
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Question 884
jamb 2010
Which Commerce Question Paper is given to you?
AType A
BType B
CType C
DType D
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Question 885
neco 2009
A function of a retailer is to
Adetermine the prices of goods
Bstock a variety of goods
Cbuy goods in large quantities
Dmake money available to the manufacturer
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Question 886
neco 2009
In the Sale of Goods Act, goods which have been identified and agreed upon at the time of contract are called
Aexisting goods
Bfixture goods
Cunascertained goods
Dspecific
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Question 887
neco 2009
The inflationary conditions of a country and her interest rate constitute her
Asocial variables
Beconomic variables
Cpolitical variables
Dtransformational variables
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Question 888
neco 2009
Commerce aids the development of any economy as it
Aprovides for proper accountability
Bimproves the living standard
Cenhances the even distribution of wealth
Dencourages the reduction of inflation
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Question 889
neco 2009
The trade that takes place when imported goods are re-exported is known as
Aentrepot trade
Bimport trade
Cexport trade
Dvisible trade
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Question 890
neco 2009
The effective dissemination of information about products is a social responsibility of a company to its
Ashareholders
Bmanagement
Cconsumers
Demployees
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