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
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Past Questions

49 questions
Question 1 of 20 49 total questions
Question 1
waec 2009

The cost of advertising is ultimately borne by the

Amanufacturer
Bconsumer
Cwholesaler
Dretailer
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Question 2
waec 2009

A place where dutiable goods are kept until duties on them are paid is known as

Aprivate warehouse
Bpublic warehouse
Cbonded warehouse
Dmanufacturer's warehouse
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Question 3
waec 2009

Which of the following is not a function of an entrepreneur?

ACo-ordination
BRisk-bearing
CEntertaining
DMaking decision
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Question 4
waec 2009

The post office service that allows a traveler without a fixed address to collect his letter is known as

Apost restante
Brecorded delivery
Cspeed post
Dexpress service
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Question 5
waec 2009

Which of the following note will be sent to a buyer to inform him that the goods he ordered have been dispatched?

AAdvice note
BDelivery note
CCredit note
DConsignment note
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Question 6
waec 2009

A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as

Agroup policy
Bwhole life policy
Cendowment policy
Dterm policy
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Question 7
waec 2009
Which of the following are exclusively functions of marketing?
ABuying, pricing, selling and promotion
BRisk-bearing, storage, production and transporting
COrganizing, risk-bearing, transporting and storage
DProduction, promotion, distribution and recruiting
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Question 8
waec 2009

The police and the army are engaged in

Adirect service occupation
Bindirect service occupation
Cindustrial occupation
Dprimary occupation
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Question 9
waec 2009

Which of the following is not a function of the commercial bank?

ACollection of deposit
BSafe custody services
CIssuing of currency
DAgents of payment
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Question 10
waec 2009

Life assurance premium is determined by the assured's

Aeducational level
Bage
Creputation
Dnumber of children
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Question 11
waec 2009

One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to

Asettle interbank indebtedness
Blend to poor countries
Coversee the activities of banks abroad
Dencourage trade liberalization
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Question 12
waec 2009

Who among the following has no voting right?

APreffered ordinary share holders
BOrdinary shareholders
CDeffered shareholders
DDebenture holders
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Question 13
waec 2009

Which of the following justifies the existence of public enterprises

AMaking quick decision
BCreating monopoly
CMaking profit for government
DProviding essential services
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Question 14
waec 2009
The owners of a public limited company are?
Aboard of directors
Bmanagement team
Cshareholders
Dgovernment
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Question 15
waec 2009

Which of the following is not an example of Marine insurance?

AFidelity
BHull
CCargo
DFreight
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Question 16
waec 2009

A sale agreement whereby the buyer takes possession but not title to the goods is

Acredit purchase
Bhire purchase
Cauction sales
Ddirect sales
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Question 17
waec 2009

Those who are engaged in exploiting natural resources are in

Acommercial occupation
Bconstructive occupation
Cmanufacturing occupation
Dextractive occupation
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Question 18
waec 2009

The nominal value of kC Ltd's share is 50k and the market value is 70k. This means that the company's shares are selling

Aat par
Bex dividend
Ccum dividend
Dat premium
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Question 19
waec 2009

Which of the following is not a means of transportation by water

ACanoes
BLaunches
CTramps
DCarts
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Question 20
waec 2009
Exchange is facilitated by
Ataxation
Bquotas
Cspecialization
Dgood supervision
View Explanation & Discuss
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