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 981
jamb 2008

A function generally performed by authorities of both the air and seaport is the?

Amaintance of warehouse where goods can be stored
Bprovision of facilities for loading and unloading of cargoes
Cmaintenance of security and order at the ports
Dprovision of facilities for landing and refuelling at the ports
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Question 982
jamb 2008

Ships used for international transport are?

Atrawelers
Byachets
Cocean liners
Dlaunchers
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Question 983
jamb 2008

Personal selling is used for the purpose of?

Aestablishing the company
Bproviding information
Ccreating product awareness
Dgiven financial assistance
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Question 984
jamb 2008

The four Ps of marketing are?

Aproduct, place , process and promotion
Bprice, product, properrty and place
Cprice, product, place and promotion
Dprice, production , place and property
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Question 985
jamb 2008
The resources which are necessary for business development include?
Amanufacturing , materials mentors and money
Bmerchant, materials, mentors and money
Cman, money, materials and machines
Dmachines, manufacturing , money and materials
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Question 986
jamb 2008

An association to which all chambers of commerce in Nigeria are affiliated is the?

ANigeria Labour Congress
BNational Association of Chambers of commerce, industry, Mines and Agriculture
CNigeria Association of Chambers of commerce, industry, Mines and Agriculture
DNigeria Stock Exchange
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Question 987
jamb 2008

The pooling of business information for the benefit of members is a major function of a?

Apressure group
Btrade association
Ccultural group
Dtrade union
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Question 988
jamb 2008

A crossed cheque with the inscription 'not negotiable' must be paid into the?

Acurrent account of the drawer
Bcurrent account of the payee
Csavings account of the payee
Dfixed account of the payee
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Question 989
jamb 2008

When 'FOB' is written on a document, it implies that the buyer bears the?

Acost of goods and advert
Bloading costs and insurance
Cinsurance and transport costs
Dtransport and communication costs
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Question 990
jamb 2008

A document sent by a seller to inform a buyer about the prices of goods is the?

Acatalogue
Bprice list
Ccredit note
Dproforma invoice
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Question 991
jamb 2008

Most of the barriers to international trade have been eliminated through?

Adiversification
Bglobalization
Ccommercialization
Dprivatization
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Question 992
jamb 2008

Balance of payments is made up of?

Avisible and current items
Binvisible and capital items
Ccurrent and capital items
Dvisible and invisible items
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Question 993
jamb 2008

A warehouse which is used to store goods whose customs duty is not yet paid is a?

Awholesale warehouse
Bbonded warehouse
Cpublic warehouse
Dbranded warehouse
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Question 994
jamb 2008

A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?

Aconglomerate
Bchain stores
Cdepartmental store
Dsuppermarket
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Question 995
jamb 2008
A source of capital that has elements of debt and equity is a?
Adebenture
Bwarrant
Cloan
Dshare
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Question 996
jamb 2008

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?

Abull
Bbear
Cdealer
Dstag
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Question 997
jamb 2008

A trader who gives credit stands to enjoy?

Ahigher profit
Bcash discount
Cincreased sales
Dtrade discount
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Question 998
jamb 2008

An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?

Aforeign account
Binternational account
Cdomiciliary account
Dforeign reserves account
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Question 999
jamb 2008

In order to prevent Liquidity in commercial banks, the central banks uses?

Amoral suasion
Bfiscal policy
Creserve ratio
Dtaxation
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Question 1000
jamb 2008

The components of capital employed in a business are?

Aowners' equity and long-term debts
Btotal assets and current liabilities
Cshare capital and long-term debts
Dshare capital and current liabilities
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