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 911
waec 2009

The internal regulations of a limited company are stated in the

AMemorandum of Association
BCertificate of Incorporation
CArticles of Association
DShare certificate
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Question 912
waec 2009

The document which helps to determine the country from where goods were imported is

Abill of lading
Bship's manifest
Ccertificate of origin
Dcertificate of trading
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Question 913
waec 2009
Which of the following is a reduction in the catalogue price?
ARebate
BCash discount
CCommission
DTrade discount
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Question 914
waec 2009
Stocks, shares and debentures traded in the stock exchange are called
Abears
Bbulls
Csecurities
Dcollaterals
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Question 915
waec 2009

For overstaying in a port, a ship is charged a fine called

Adock due
Bcommission
Cinterest
Ddemurrage
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Question 916
waec 2009

A ship that travels without schedule is called a

Apassenger liner
Btramp
Ccargo liner
Dtanker
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Question 917
waec 2009

Which of the following is a source of capital to a sole proprietorship?

ALoans from friends
BAdmission of new member
CIssue of shares
DIssue of debentures
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Question 918
waec 2009

The mode of conveying liquids and gases through an underground channel is

Apipeline
Brail transport
Croad transport
Dsea transport
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Question 919
waec 2009

The letters R/D on a cheque shows that the cheque is

Apaid
Bdishonoured
Ccertified
Daccepted
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Question 920
waec 2009

The tax paid on goods produced within a country is known as

Aimport duty
Bexcise duty
Cad valorem duty
Dcustoms draw back
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Question 921
waec 2009

A document through which the public is invited to subscribe to the shares of a company is a

AMemorandum of Association
BArticle of Association
CProspectus
DDebenture
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Question 922
waec 2009

Which of the following requires a certificate of trading to start business

APublic corporation
BPublic limited company
CCooperative society
DPrivate limited company
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Question 923
waec 2009

Establishing and maintaining mutual understanding between an organization and its customers is known as

Amarketing concept
Badvertising
Cpublic relations
Dsales promotion
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Question 924
waec 2009

If a country devalues its currency, there would be

Areduction in imports
Breduction in exports
Cincrease in production locally
Dincrease in local standard living
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Question 925
waec 2009

Which of the following is a feature of sole proprietorship?

ALegal entity
BUnlimited liability
CLimited liability
DContinuity
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Question 926
waec 2009

Which of the following would be used when goods are sent through independent carriers?

ADelivery note
BDespatch note
CConsignment note
DAdvice note
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Question 927
waec 2009

The rate of turnover is the number of times within a given period that

Astock is sold and replaced
Bclosing stock is sold and replaced
Cpurchases are added to stock
Daverage stock is sold
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Question 928
waec 2009

The taking over of privately owned businesses by the government is called

Aindigenization
Bcommercialization
Cnationalization
Dprivatization
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Question 929
waec 2009

The authority given to a bank to make regular payments on behalf of a customer is

Acredit transfer
Bbank endorsement
Cstanding order
Dbank overdraft
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Question 930
waec 2009
When an order cheque is endorsed it becomes a
Aconfirmed cheque
Bbearer cheque
Cdishonoured cheque
Dcleared cheque
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