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These are Commerce Past Questions. 40 questions will be picked at random from the question bank.

You have 30 minutes to answer all the questions.

You can use the NEXT button to move to the next question, use the PREV button to move to the previous question, the CLEAR button to clear any answer of your choice and you have the FINISH button to end the exam if you choose to.

Any question not answered before the end of the exam time, will be marked as wrong and the exam will end by itself. so try to attempt all questions on time.


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1 / 40

Which of the following gives businessmen the opportunity to buy shares of public limited companies?

2 / 40

Which of the following is an intangible asset of a firm?

3 / 40

Which of the following has as one of its objectives the removal of obstacles to movement of people and goods across the boundaries of member countries?

4 / 40

The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by

5 / 40

An advantage of a public limited company over a private one is the

6 / 40

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

7 / 40

Dividend is a always expressed as a percentage of total

8 / 40

The refund made on goods re-exported after being imported is known as

9 / 40

The main advantage of sea transport over air transport is

10 / 40

Which of the following terms is used in marine insurance when the cargo suffers partial loss?

11 / 40

The minimum charge at which the central bank lends to commercial banks is called

12 / 40

The term legal tender refers to

13 / 40

Which of the following can be defined as trade and aid to trade?

14 / 40

Partnership form of business is most appropriate

15 / 40

Which of the following is not an obstacle to the achievement of the objective of ECOWAS?

16 / 40

Which of the following involves the delivery of mails to a traveler without fixed address?

17 / 40

Total assets minus current liabilities is equal to a company’s

18 / 40

Which of the following is a method of sales promotion?

19 / 40

The main feature of a holding company is

20 / 40

Which of the following is used to show that goods imported were produced in an ECOWAS member country?

21 / 40

Which of the following is not suitable for hire purchase?

22 / 40

Which of the following is a means by which a contract of agency could be terminated?

23 / 40

A retailer sells his products at “buy-two-take-three”. The sales promotion method referred to is

24 / 40

The process of dealing with a cheque once it has been paid into the creditor’s bank is

25 / 40

The West Africa Clearing House (WACH) was established

26 / 40

Which of the following is not a function of the ports Authority?

27 / 40

The scope of commerce is limited to

28 / 40

Who is responsible for the payment of the bill in documentary credits?

29 / 40

A partner with an unlimited liability is known as a

30 / 40

Market skimming is an example of

31 / 40

A refund of the duty collected on goods imported and processed for re-export is

32 / 40

If a share is sold at a price below its first value, it is sold

33 / 40

A label as a product such as “Three Crown Milk” is a form of

34 / 40

If the amount of dividend paid varies according to the level of profit; what type of share is involved?

35 / 40

The various rights attached to different classes of shares are stated in the

36 / 40

The process by which the government takes over the ownership ad control of an existing private business is

37 / 40

A private company is one which must publish its audited account must publish its audited account

38 / 40

Farming is an activity that falls under

39 / 40

C & F as a price quotation in foreign trade means that the buyer

40 / 40

Which of the following provides a proof of posting and that the item has got to the addresses?

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See also



english language past questions

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