Log In SignUp
Classroom

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

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

49 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 20 49 total questions
Question 1
waec 2001
Which of the following is a means of payment to persons abroad through the post office?
APostal order
BCheque
Cbank draft
DTelegraphic money order
View Explanation & Discuss
Question 2
waec 2001

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

AHire purchase Act
BTrade Description Act
CFoods and Drugs Act
DSale of Good Act
View Explanation & Discuss
Question 3
waec 2001
A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?
Aa bull
Ba bear
Ca stag
Dan underwriter
View Explanation & Discuss
Question 4
waec 2001
The exchange of goods for goods in foreign trade is known as?
Avisible trade
Bsmuggling
Ccounter trade
Dentrepot trade
View Explanation & Discuss
Question 5
waec 2001

The greatest advantage of air transport over all other means of transport is it's?

Acomfort
Bsafety
Cspeed
Dflexibility
View Explanation & Discuss
Question 6
waec 2001
Product pricing, distribution and promotions are elements of?
Amarketing mix
Bmarketing research
Csales promotion
Dproduct orientation
View Explanation & Discuss
Question 7
waec 2001
An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?
Atrade associate
Bchamber of commerce
Ctrade union
Dcooperative society
View Explanation & Discuss
Question 8
waec 2001

The turnover of a company will improve if the company increases?

AAdvertising
Bprices of goods
Cproduction
Dwarehousing facilities
View Explanation & Discuss
Question 9
waec 2001

The term "21/4%40 days"refers to?

Amark-up
Btrade discount
Ccash discount
Dvalue added tax
View Explanation & Discuss
Question 10
waec 2001

Which of the following is a function of a warehouse?

AStabilizing prices
BIncreasing competition
CStimulating demand
DControlling quality
View Explanation & Discuss
Question 11
waec 2001
Which of the following is not feature of a department store?
ALocated at the centre of the city
BBulk buying
CAttractive layout
DSeling one line of goods
View Explanation & Discuss
Question 12
waec 2001
Which of the following is not a marketing function?
AAdvertising
BInsurance
CPackaging
DTransportation
View Explanation & Discuss
Question 13
waec 2001
A specially designed container to convey crude oil or liquid from another location to another is a?
Alaunche
Btanker
Cferry
Dcoaster
View Explanation & Discuss
Question 14
waec 2001
The portion authorized capital made available to the public for subscription is?
Acalled-up capital
Bpaid-up capital
Ccall in arrears
Dissued capital
View Explanation & Discuss
Question 15
waec 2001
Which of the following is not a function of the ports Authority?
AEnsuring safe movement of ships
BCollecting import and export duties
CProviding warehouse services
DEnsuring law and order in the harbours
View Explanation & Discuss
Question 16
waec 2001
When a bill is paid before its date at a lesser value, it is?
Aaccepted
Bdiscounted
Cdishonoured
Dretired
View Explanation & Discuss
Question 17
waec 2001
Which of the following is not used to correct adverse balance of payment?
AIncreasing imports
BIncreasing exports
CDecreasing import
DDevaluation
View Explanation & Discuss
Question 18
waec 2001

The extra commission for pledging full settlement of the wholesaler to the manufacturer?

AWarehousing
BQuality Control
CFinancing
DBulk -breaking
View Explanation & Discuss
Question 19
waec 2001
An agent who takes possession of goods and sells in his own name is known as?
Aa broker
Ba del credere agent
Can auctioneer
Da factor
View Explanation & Discuss
Question 20
waec 2001

An agent who takes possession of goods and sells in his own name is known as?

Aa broker
Ba del credere agent
Can auctioneer
Da factor
View Explanation & Discuss
Question Navigator
Current
MathsFaculty