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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 81
jamb 2023

In law of contract, a counter offer operates as

Aan acceptance
Ba rejection
Can offer
Da contract
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Question 82
jamb 2023

A system where customer patronage is sought by producing what they need is referred to as

Asales promotion
Bproduct promotion
Cmarket promotion
Dmarket orientation
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Question 83
jamb 2023

The Central Bank Monetary policy instrument by which it buys and sells securities is called

Aopen market operation
Bbank credit
Ccash reserve ratio
Dbank rate
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Question 84
jamb 2023

The process of buying, selling and distribution of goods and services is

Amarketing concept
Bmarketing
Cretail trade
Dcommerce
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Question 85
jamb 2023

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its

Amarketing responsibilities
Bmanagerial responsibilities
Ceconomic responsibilities
Dsocial responsibilities
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Question 86
jamb 2023

The difference between the central bank and commercial bank is that the former

Aserves as lender of last resort
Bdiscount treasury bills
Csaves valuable of individual
Dgive loans to the public
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Question 87
jamb 2023

The four P's of marketing are also known as

Amarketing mix
Bproduct mix
Cpromotion mix
Dadvertising mix
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Question 88
jamb 2023

What is a quota?

Aban on all imported goods
Ba physical restriction placed on quantity of goods that can be imported
Ctax paid on goods produced within a country
Dtax paid on goods produced outside a country
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Question 89
jamb 2023

Why is clean bill of lading called so?

Ait is a clear bill
Bit shows not records of damaged goods
Cit shows records of damaged goods
Dit signifies no debt is owed
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Question 90
jamb 2023

Another name or term for a dishonoured cheque is

Aa bearer cheque
Ban open cheque
Ca bounced cheque
Dan order cheque
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Question 91
jamb 2023

The stock exchange is a market where

Ashort-term securities are sold
Bmedium term securities are sold
Call types of securities are sold
Dlong term securities are sold
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Question 92
jamb 2023

One of these is a current asset

Amachineries
Bfittings
Cstock
Dmotor vehicles
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Question 93
jamb 2023

A demonstration of social responsibility by a business is the payment of

Ainterests on loans
Btaxes to government
Cdividends to shareholders
Dpremium on insurance
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Question 94
jamb 2023

Good and services transferred from seller to buyer without immediate payment is referred to as

Aleasing
Bhire purchase
Ccredit sale
Dmutual understanding
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Question 95
jamb 2023

The board of directors of public enterprise is appointed by who?

Agovernment
Bmanagement
Cemployees
Dshareholders
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Question 96
jamb 2023

The act of selling in a foreign market at a price lower than the cost price is called

Adumping
Bunder sale
Chedging
Dfair trading
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Question 97
jamb 2023

The scope commerce is limited to

Ahome and foreign trade
Btrade and aids-to-trade
Cwholesale and retail trade
Dwholesale and entreport trade
View Explanation & Discuss
Question 98
jamb 2023

Money is generally acceptable for transaction due to

Athe central bank's governor's signature
Bthe rule of the law
Cits acceptability in the global market
Dthe legal backing
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Question 99
jamb 2023

Any activity directed at conveying commodities to buyers is an aspect of

Adelivering
Badvertising
Cselling
Dmarketing
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Question 100
jamb 2023

A major merit of the retaining middlemen is to

Aregulate price for manufacturers
Bstock perishable goods
Cpay cash to the bank for manufacturers
Dstock goods produced by different manufacturer
View Explanation & Discuss
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