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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
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Question 1 of 20 4,313 total questions
Question 951
waec 2008
Which of the following economic unions is made up of countries in West Africa only?
AACP
BECOWAS
CNATO
DADB
View Explanation & Discuss
Question 952
waec 2008
The takeover by government of Sanking Sillah and Sons Ltd is referred to as
Aprivatization
Bindigenization
Ccommercialization
Dnationalization
View Explanation & Discuss
Question 953
waec 2008

One disadvantage of indigenization is that it

Adiscourages foreign control of an economy
Bencourages local retention of profits
Cencourages the participation of indigenes in economic development
Ddiscourages foreign investment
View Explanation & Discuss
Question 954
waec 2008

Which of the following is not an advantage of marketing?

ACreation of demand
BEnsuring effective distribution of goods
CImplementing government regulations
DApplication of marketing techniques
View Explanation & Discuss
Question 955
waec 2008

A group of musicians can come together to form a

Achamber of commerce
Bpublic corporation
Ctrade association
Dtrade union
View Explanation & Discuss
Question 956
waec 2008

A chamber of commerce normally consists of

Aofficials of the trade unions of commercial workers
Ball the people engaged in one aspect of trading and manufacturing
Call the workers in one branch of commerce
Dthe people who represent a cross-section of business interests in a town
View Explanation & Discuss
Question 957
waec 2008
If a customer opens a deposit account with a bank, he will
Arecieve a crossed cheque book
Bbe given a tally
Cbe given a loan
Drecieve interest
View Explanation & Discuss
Question 958
waec 2008

Which of the following receives dividend based on patronage?

APreference shareholder
BCo-operative society member
CCumulative preference shareholder
DDebenture holder
View Explanation & Discuss
Question 959
waec 2008
A cheque dated 30th July, 2004 but presented for payment on 28th February, 2005 is
Apost-dated
Bcrossed
Copened
Dstale
View Explanation & Discuss
Question 960
waec 2008
Working capital is
Acurrent assets less total liabilities
Btotal assets less total liabilities
Ccurrent liabilities plus current assets
Dcurrent assets less current assets
View Explanation & Discuss
Question 961
waec 2008
Which of the following is not a sales promotion method?
ADemonstration
BExhibition
CFree sample
DNewspaper
View Explanation & Discuss
Question 962
waec 2008
One disadvantage of advertising to the consumer is that it
Abrings confusion on the choice of goods
Binncreases demand
Cpersuades the public to buy what they need
Ddecreases the cost of goods
View Explanation & Discuss
Question 963
waec 2008
Which of the following advertising media combines the advantages of both sight and sound?
ATelevision
BRadio
CNeon sign
DBillboard
View Explanation & Discuss
Question 964
waec 2008
In sea transport, vessels that operate on fixed routes and schedules are called?
Aferries
Byachts
Cliners
Dtramps
View Explanation & Discuss
Question 965
waec 2008
Which of the following carries specialized goods?
ALiner
BTramp
CFerry
DTanker
View Explanation & Discuss
Question 966
waec 2008
The net profit is calculated as
Asales less purchases
Bsale less expenses
Cgross profit less expenses
Dgross profit less purchases
View Explanation & Discuss
Question 967
waec 2008
The amount paid regularly by the assured to the insurer is
Adividend
Bpremium
Cinterest
Dindemnity
View Explanation & Discuss
Question 968
waec 2008
A business that is independent of its owners is a
Asole proprietorship
Bpartnership
Climited liability company
Dco-operative society
View Explanation & Discuss
Question 969
waec 2008
The document which gives legal authority to a company to operate as a legal entity is
AMemorandum of Association
BArticle of Association
CShare Certificate
DCertificate of Incorporation
View Explanation & Discuss
Question 970
waec 2008
Information requested from a bank concerning the credit worthiness of a new customer to a business is
Aprivate enquiry
Bstatus enquiry
Cgeneral enquiry
Dletter of enquiry
View Explanation & Discuss
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