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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.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

1,707 questions

Question 1 of 20 1,707 total questions

Question 1

jamb 2025

The document issued by the registrar of companies to permit a public limited company to commence business is

AMemorandum of Association

BArticle of Association

CTrading certificate

DCertificate of Incorporation

View Explanation & Discuss

Question 2

jamb 2025

The purpose for which the Central Bank sells securities is to

Areduce the interest rate

Bincrease the interest rate

Cincrease cash in the economy

Dreduce cash in the economy

View Explanation & Discuss

Question 3

jamb 2025

The grading of products to satisfy different buyers is referred to as?

AProduct differentiation

BProduct line

CProduct concept

DProduct mix

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Question 4

jamb 2025

A put option in the stock exchange is an option

Ato buy

Bnot to sell

Cnot to buy

Dto sell

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Question 5

jamb 2025

The part of issued share capital that the company has asked the subscribers to pay for

Anominal capital

Bpaid-up capital

Cauthorized capital

Dcalled-up capital

View Explanation & Discuss

Question 6

jamb 2025

The saying that the 'consumer is always right' describes the doctrine of

Aconsumer protection

Bproximate cause

Cconsumer sovereignty

Dcaveat emptor

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Question 7

jamb 2025

An example of in invisible item of trade is

Atextile

Bmachinery

Coil

Dshipping

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Question 8

jamb 2025

All activities geared towards the distribution and exchange of goods and services is

Acommerce

Bmarket survey

Cpersonal selling

Dtrade

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Question 9

jamb 2025

The mode of transport that conveys goods at low cost per unit is

Arail

Bair

Croad

Dpipeline

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Question 10

jamb 2025

Which of the following is not pre-sale service?

ARepair and maintenance work

BSetting up facilities for storing the product to be bought

CDemonstrating the use and performance of the product to be sold

DProviding detailed information about the goods to be purchased

View Explanation & Discuss

Question 11

jamb 2025

The production of goods in anticipation of demand is possible because of the existence of?

AAdvertising

BBranding

CPackaging

DWarehousing

View Explanation & Discuss

Question 12

jamb 2025

Span of control is defined as the

Aauthority of the supervisor

Bnumber of subordinates reporting directly to a supervisor

Cqualification possessed by the supervisor

Dnumber of staff in the organization

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Question 13

jamb 2025

A diagram showing the positions of the structure of a company is

Aorganizational chart

Bflow chart

Cspan of control

Dvertical integration

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Question 14

jamb 2025

A limited company has an authorized capital of 20,000,000 shares. If each share capital cost 50k and the company sold 12,000,000
shares. Its issued capital is

AN16,000,000

BN4,000,000

CN10,000,000

DN6,000,000

View Explanation & Discuss

Question 15

jamb 2025

One of the functions of the ports authority is

Aenforcing law and order in harbors

Bchecking the activities of smugglers

Ccollecting import duties

Dproviding warehousing services

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Question 16

jamb 2025

The difference between the cost price and selling price of an article is

Arebate

Bmark-up

Cdiscount

Dcommission

View Explanation & Discuss

Question 17

jamb 2025

A false statement made by one party with an intention of inducing the other party to enter into a contract with him is known as

Aconsensus ad idem

Blegal capacity

Cconsideration

Dmisrepresentation

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Question 18

jamb 2025

The duty of an agent of necessity to a principal is based on?

ANegotiation

BTrust

CAbility

DMutual agreement

View Explanation & Discuss

Question 19

jamb 2025

A source of capital to a public company which attracts a fixed rate of interest is

Aan ordinary share

Ba debenture

Ca subvention

Dan overdraft

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Question 20

jamb 2025

An organization of producers of similar products, which controls output with the intention to fix price is a

Acartel

Btrust

Csyndicate

Dconsortium

View Explanation & Discuss

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