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.

100 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

100 questions
Question 1 of 20 100 total questions
Question 1
waec 2015

The type of wholesaler that combines selling, delivery and collection in one operation is

Aspecialist wholesaler
Brack jobber
Cdrop shipment
Dtruck wholesaler
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Question 2
waec 2015

Which of the following is NOT backed by gold but by government securites?

AFiduciary note
BToken money
CCommodity money
DFiat money
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Question 3
waec 2015

The minimum lending rate of a bank is a component of its

Acurrent assets
Bdebit balances
Ccredit balance
Dfixed assets
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Question 4
waec 2015

the fee paid for transporting goods by ship is

Afare
Bfreight
Cdemurrage
Dcharges
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Question 5
waec 2015

which of the following is a document of title of goods 

Abill of exchange
Bbill of entry
Cletter of hypothecation
Dbill of lading
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Question 6
waec 2015

which of the following is a reason for failure of public corporations

Alegal requirement
Binadequate funding
Cpolitical stability
Dlack of competion
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Question 7
waec 2015

A tax charged in proportion to the value of imported goods is?

Aspecific duty
Bad valorem
Ccustom duty
Dexcise duty
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Question 8
waec 2015

which of the following is a disadvantage of retailing

Aselling on credit
Blower prices of goods
Cselling in smaller quantities
Dlocated at convenient places
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Question 9
waec 2015

a private limited liability company differs from a public limited liability because it

Adoes not issue its shares to the public
Bas a separate entity
Chas many directors
Dis a going concern
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Question 10
waec 2015

the study to discover consumers' preference and needs is called

Amarket segmentation
Bconsumer orientation
Cmarket research
Dmarket mix
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Question 11
waec 2015

which of the following is a disadvantage of foreign trade

Ait encourages dumping
Bit widens the world market
Cit encourages specialization
Dit provides varieties of goods
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Question 12
waec 2015

All activities aimed at creation of a good image for an organisation are referred to as

Amarket segmentation
Bmarket research
Cpublic relation
Dconsumer orientation
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Question 13
waec 2015

when two insurers are liable under a given common policy, the principle of insurance that applies is?

Aindemnity
Bsubrogation
Cproximate clause
Dcontribution
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Question 14
waec 2015

equity interest in a company is represented by?

Apreference shares
Bdividend
Cdebenture
Dordinary shares
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Question 15
waec 2015

which of the following is used for making payments to many people in a single cheque

Adebit transfer
Bcertified cheque
Cbank draft
Dcredit transfer
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Question 16
waec 2015

commerce started as a result of?

Aspeculation
Bconsumption
Cspecialization
Dnationalization
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Question 17
waec 2015

turnover could be increased by

Aincreasing prices and product differentiation
Badvertising and cutting prices
Crefusing credit and customer services
Dincreasing the mark up and margin
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Question 18
waec 2015

when shares are sold ex-div it means the?

Ashares are sold at par price
Bbuyer is entitle to the next dividend
Cshares are sold above par
Dseller has right to the next dividend
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Question 19
waec 2015

which of the following principls stipulates that the insured must be in a position to suffer financial loss?

Aindemnity
Bproximate clause
Cinsurable interest
Dsubrogation
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Question 20
waec 2015

the market for short term security is called?

Acommodity market
Bdiscount market
Cmoney market
Dstock market
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