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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 81
waec 2022

Which of the following is not a right of a consumer?

ARight to a fair hearing
BRight to buy on credit
CRight to obtain replacement
DRight to a safe product
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Question 82
waec 2022

An undertaking to repair a customer's vehicle for a certain period after it has been sold is 

AAfter-sales service
Bmarketing mix
Cmarket segmentation
Dsales promotion
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Question 83
waec 2022

The marketing concept emphasizes

Asale of goods directly to customers
Buse of promotional tools to stimulate sales
Cmass production of goods
Dconsumer's satisfaction at a profit
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Question 84
waec 2022

Consumers could be encouraged to purchase a company's products through

Aresearch
Bplanning
Cdistribution
Dadvertisement
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Question 85
waec 2022

The commission on a postal order is

Atariff
Bpoundage
Cbrokerage
Dfee
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Question 86
waec 2022

An advantage of rail transport is that it

Ais less expensive to maintain
Bis not prone to delays
Cbulky and heavy goods
Denhances door-to-door delivery
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Question 87
waec 2022

Payment made to a carrier for transportation of goods is

Afrights
Bfee
Cfare
Dduty
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Question 88
waec 2022

Sea vessels that do not operate on regular times and routes are

Atramps
Bocean liners
Ccontainer ships
Dferries
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Question 89
waec 2022

When a share with a nominal value of N50 is quoted at N70, it is being sold

Acum div.
Bex-div.
Cat a discount
Dat a premium
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Question 90
waec 2022

One of the functions of a trade association is to

Apay members salaries
Bpromote members' welfare
Cprovide loans to members
Dprovide employment for members
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Question 91
waec 2022

A cheque is specially crossed if

Athe name of the account holder is written between two parallel lines drawn across it
Bit could be paid over the counter
Conly two parallel lines are drawn across it
D
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Question 92
waec 2022

A document used to ensure correct payment of duty at the importing country is

Adocumentary credit
Bconsular invoice
Ccertificate of origin
Dbill of lading
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Question 93
waec 2022

Central banks sell treasury bills to the public to

Aincrease cash in the banking system
Braise revenue for commercial banks
Craise revenue for private investors
Dreduce cash in circulation
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Question 94
waec 2022

Which of the following is not a characteristic of a commercial bank?

Aestablished as a limited liability company
BEstablished by individuals or organizations
CEstablished to issue bank notes
DEstablished with the view of making profit
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Question 95
waec 2022

Dealers in the stock exchange such as bulls, bears and stags are categorized as

Aactuaries
Bpromoters
Cspeculators
Dunderwriters
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Question 96
waec 2022

The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is.

Aindemnity
Bcontribution
Cproximate cause
Duberrimae fidei
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Question 97
waec 2022

The incentive given to a buyer to encourage prompt payment is

Acash discount
Bseasonal discount
Cquantity discount
Dtrade discount
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Question 98
waec 2022

A document that instructs an agent to buy goods from a named firm is

Aproforma invoice
Bopen indent
Cconsular invoice
Dclosed indent
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Question 99
waec 2022

One of the functions of commercial banks that cannot be performed by central banks is

Acollection of old notes
Bcollection of deposits from the public
Cissurance of treasury bills
Dprinting of bank notes
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Question 100
waec 2022

The quality of money which makes it possible to buy goods in small quantities is

Aportability
Bhomogeneity
Cdivisibility
Ddurability
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