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
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 931
jamb 2009

The function which ensures that set objectives are attained by an organization is?

Aplanning
Bdirecting
Cstaffing
Dcontrolling
View Explanation & Discuss
Question 932
jamb 2009

The daily official publications of the Nigeria Stock Exchange give detailed information on the?

Achanges in the official rules set by the market
Bmethod of transactions agreed upon by members
Cparticipation of members in a day
Dchanges in the price of securities
View Explanation & Discuss
Question 933
jamb 2009

The major dealers on the stock market are the?

Aagents
Bjobbers
Cinvestors
Dbrokers
View Explanation & Discuss
Question 934
jamb 2009

The characteristic which ensures that money is free from forgery is its?

Alegality
Bdurability
Crecongnition
Dcredibility
View Explanation & Discuss
Question 935
jamb 2009
The manufacturers' Association of Nigeria is an example of a?
Alabour union
Bpressure group
Cconglomerate
Dcartel
View Explanation & Discuss
Question 936
jamb 2009

A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the?

Awholesalers' association
Bconsumers association
Cgovernment agency
Dworkers' union
View Explanation & Discuss
Question 937
jamb 2009
if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?
A30.5%
B20.5%
C20.0%
D10.0%
View Explanation & Discuss
Question 938
jamb 2009

The circulating capital of a business enterprise is classified into?

Acash, work-in-progress and debtors
Bcash,vehicles, land and buildings
Cdebtors , stock of raw materials and fittings
Dpre-payments, debtors and equipment
View Explanation & Discuss
Question 939
jamb 2009

The financial instrument that entitles the holder to receive dividend and capital gains is a?

Ashare
Bbond
Cbill of exchange
Dtreasury bill
View Explanation & Discuss
Question 940
jamb 2009
The type of partnership in which all partners are jointly liable in bearing risk is?
Alimited partnership
Bpartnership-at-will
Cordinary partnership
Dindustral partnership
View Explanation & Discuss
Question 941
jamb 2009
Partnerships are most effective where?
Athe partners are family friends
Bprofessionals are involved
Cmembers can easily raise enough capital
Dgovernment regulations are favorable
View Explanation & Discuss
Question 942
jamb 2009
In a public limited liability company, planning is carried out by?
Athe chairman of the board
Bthe board of directors
Cshareholders
Demployees
View Explanation & Discuss
Question 943
jamb 2009

One of the major problems of a sole proprietor is sourcing for?

Araw materials
Blabour
Cmachineries
Dfunds
View Explanation & Discuss
Question 944
jamb 2009

Warehousing is important to manufacturers because it helps to?

Aimprove the quality of goods
Bproduce goods in advance
Cmeet the demand of customers
Ddetermine input rquirements
View Explanation & Discuss
Question 945
jamb 2009

One major advantage of transportation to a business is to?

Aextend the firm's market coverage
Bensure that goods are produced faster
Cprocure raw materials cheaply
Densure the quality of products
View Explanation & Discuss
Question 946
jamb 2009

The most important reason for the existence of insurance business is to?

Aprevent the occurrence of any loss
Bspread losses to all covered participants
Cprovide for the replacement of facilities
Dencourage individuals to save
View Explanation & Discuss
Question 947
jamb 2009

A risk that can be estimated and calculated to be compensation is?

Aa delivery risk
Ban insurable risk
Ca credit risk
Da systematic risk
View Explanation & Discuss
Question 948
jamb 2009

The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?

Acontribution
Bsubrogation
Cpromiate cause
Dutmost good faith
View Explanation & Discuss
Question 949
jamb 2009

The transmission of telephone services from one country to another is facilitated by?

Acommunication satelite
Binternational facility
Cinterconnectivity
Dinternet services
View Explanation & Discuss
Question 950
jamb 2009

In which of the following will the numbers of words used determine the cost of the message sent?

ATelephone
BTelegram
CE-mail
DTelex
View Explanation & Discuss
Question Navigator
Current
MathsFaculty