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.

49 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

49 questions
Question 1 of 20 49 total questions
Question 1
jamb 2014

The social responsibility factor of an organization is geared towards

Acontributing to the sustenance and development of its host community
Boperating without disrupting the very esssence of the environment
Ctackling the soci-economic problems of the state
Dmeeting the needs and demands of the shareholders
View Explanation & Discuss
Question 2
jamb 2014

A Digital Versatile Disk is an example of a

Atransmission control protocol
Bmicroprocessor
Cfile transfer protocol
Dcomputer storage device
View Explanation & Discuss
Question 3
jamb 2014

Which of the following computers can be used in weather forecast?

AHybrid computer
BDigital computer
CMainframe computer
DAnalog computer
View Explanation & Discuss
Question 4
jamb 2014

The three functional units of a modern computer are

Ainput, processor and output units
Bprocessor, FOTRAN and output units
Cblack box, output and input units
Dbasic, COBOL and output units
View Explanation & Discuss
Question 5
jamb 2014

A contract which is devoid of legal effect is

Avoid contract
Bunenforceable contract
Cvoidable contract
Dvalid contract
View Explanation & Discuss
Question 6
jamb 2014

The difference between a factor and a broker is that the former

Ais licensed to sell goods on auction
Bhas a lien on the goods he possesses
Cis not in possession of the goods
Dcannot sell in his own name
View Explanation & Discuss
Question 7
jamb 2014

Hire purchase is advantageous to the seller in that

Ait elevates his living standard
Bhis turnover will increase
Cpeople pay on installment
Dit enhances high level of patronage
View Explanation & Discuss
Question 8
jamb 2014

Mr Taiwo entered into a contract to let a car to Mr Bunmi for his wedding for two days. However, the car had an accident before the first day. Mr Bunmi attempted to claim damages but failed. This implies the contract was terminated by

Abankruptcy
Bfrustration
Cbreach
Dlapse of time
View Explanation & Discuss
Question 9
jamb 2014

Which of the following is used as pricing policy?

Alabelling
Bpackaging
Cmarket selection
Dmarket skimming
View Explanation & Discuss
Question 10
jamb 2014

Which of the following aspects of marketing stimulates buying by providing free gifts

Aa personal selling
Bsales promotion
Cadvertising
Dpublicity
View Explanation & Discuss
Question 11
jamb 2014

The physical and psychological satisfaction a customer derives from the purchase of goods and services is

Aproduction
Bproduct mix
Cutility
Dtrade
View Explanation & Discuss
Question 12
jamb 2014

A business that focuses attention on the quality of the goods produced by precisely knowing what the consumers desire is said to be operation the

Aproduct mix
Bpromotion mix
Cmarketing concept
Dproduct orientation.
View Explanation & Discuss
Question 13
jamb 2014

Marketing differs from selling in that,the latter only creates

Apossession utility
Bmarginal utility
Cform utility
Dplace utility
View Explanation & Discuss
Question 14
jamb 2014

The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is

Aspan of control
Bunity of command
Cscalar chain
Dunity of direction
View Explanation & Discuss
Question 15
jamb 2014

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

ABPE
BSEC
CNDIC
DCBN
View Explanation & Discuss
Question 16
jamb 2014

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

Aarbitage
Bfranco
Ccontango
Dbackwardation
View Explanation & Discuss
Question 17
jamb 2014

Cum div differs from ex div in that, the later

Aentitles the purchaser to recieve a company's current dividend
Bentitles the vendor to recieve a company's current dividend
Cconfirms a purchase or sale made on behalf of a share holder
Dis a document used to transfer ownership of shares
View Explanation & Discuss
Question 18
jamb 2014

A document sent by a broker to his client to confirm a purchase or sale made on his behalf is

Adelivery note
Bconsignment note
Ctransfer form
Dcontract note
View Explanation & Discuss
Question 19
jamb 2014

An agent who transacts business with the broker in the stock exchange is a

Astag
Bbull
Cdel credere
Djobber
View Explanation & Discuss
Question 20
jamb 2014

A form of money with face value which is greater than the value of the metal content is

Alegal tender
Bbank notes
Ctoken money
Dcommodity money
View Explanation & Discuss
Question Navigator
Current
MathsFaculty