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 941
jamb 2009

The central bank differs from commercial banks because it?

Arenders service to customers
Bcarries out foreign exchange transactions
Cissues currencies
Ddiscount bills
View Explanation & Discuss
Question 942
jamb 2009

One of the facilities enjoyed by a current account holder is?

Aa dividend
Ba bonus
Can overdraft
Dinterest on deposits
View Explanation & Discuss
Question 943
jamb 2009

A collective term for advertising, personal selling and publicity is?

Aexhibition
Bpromotion
Ctrade fair
Dmerchandizing
View Explanation & Discuss
Question 944
jamb 2009

Billboards and posters are forms of?

Aelectronic media
Bprint media
Coutdoor media
Dwindow display media
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Question 945
jamb 2009

A cheque which a bank draws on its own funds is a?

Abankdraft
Bcashier's cheque
Cbank cheque
Dcrossed cheque
View Explanation & Discuss
Question 946
jamb 2009

If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?

AN56 250
BN43 750
CN43 250
DN6250
View Explanation & Discuss
Question 947
jamb 2009

The term free on board means that the price includes?

Acosts and insurance only
Bcosts and freight only
Cfreight and insurance only
Dcosts, insurance and freight
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Question 948
jamb 2009
The most commonly used commercial documents are?
Aorder notes, debit notes, invoices and quotations
Bletters of enquiry, consignment notes, receipts and invoices
Ccredit notes, statement of accounts, depatch order and bills
Dbalance sheet, receipts, invoices and manifest
View Explanation & Discuss
Question 949
jamb 2009

An artificial barrier to international trade is?

Apolitical unrest
Bculture of the people
Cunits of measurement
Dcustom duties
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Question 950
jamb 2009
One of the functions of the wholesaler is to?
Aforecast prices
Breduce prices of goods
Cpromote sales
Danalyse sales periodically
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Question 951
jamb 2009
A chain store usually combines the features of?
Amulitiple shops and departmental stores
Bhypermarkets and stalls
Cmultiple shops and hypermarkets
Dmail order business and multiple stops
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Question 952
jamb 2009

The major components of modern retailing include?

Abranding, doorstep selling and customer stimulation
Bbranding, sales promotion and mail order
Cchain store, customer stimulating and doorstep selling
Dbranding, supermarkets and after sales-service
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Question 953
jamb 2009

Primary production is associated with?

Abanking
Bmanufacturing
Cagriculture
Dconstruction
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Question 954
jamb 2009

Resources harnessed in certain proportion to create goods and services are?

Afactors of production
Btechnology and labour
Cland and entrepreneur
Draw materials
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Question 955
jamb 2009

The service of a textile worker are an example of?

Aextractive activity
Bcommercial activity
Cmanufacturing
Dconstruction
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Question 956
jamb 2009

An aid to trade associated with communications is?

Aadvertisement
Btransportation
Cwarehousing
Dinsurance
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Question 957
jamb 2009

The central focus of commercial activities is?

Apricing
Badvertising
Ctrading
Dmarketing
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Question 958
waec 2008
A shareholder who holds 100,000 shares of 50 butts each is given a dividend of 10 percent less 2 percent tax. What is his net return?
AD10,000.00
B9,800.00
CD5,000.00
DD4,900.00
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Question 959
waec 2008
Which of the following is not a favorable condition under which personal selling can be practiced?
AWhen advertising entails relatively high costs
BWhen the market is concentrated
CWhen the market is dispersed
DWhen personal touch is needed
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Question 960
waec 2008
People who sell shares in anticipation of a fall in their value are called
Abears
Bbulls
Cbrokers
Djobbers
View Explanation & Discuss
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