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.


School Portal Nigeria

1 / 40

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

2 / 40

A specially designed container to convey crude oil or liquid from one’ location to another is a

3 / 40

Which of the following is not suitable for hire purchase?

4 / 40

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

5 / 40

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

6 / 40

Partnership form of business is most appropriate

7 / 40

The scope of commerce is limited to

8 / 40

Which of the following is true of rail transport?

9 / 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?

10 / 40

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

11 / 40

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

12 / 40

The main advantage of sea transport over air transport is

13 / 40

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

14 / 40

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

15 / 40

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

16 / 40

A partner with an unlimited liability is known as a

17 / 40

Which of the following is not a method of discharging a contract?

18 / 40

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

19 / 40

The term legal tender refers to

20 / 40

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

21 / 40

Farming is an activity that falls under

22 / 40

When an insurance company indemnifies the insured and takes over his rights, this is known as

23 / 40

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

24 / 40

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

25 / 40

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

26 / 40

Market skimming is an example of

27 / 40

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

28 / 40

Which of the following is a method of sales promotion?

29 / 40

Who among the following does not function in the stock exchange market?

30 / 40

Which of the following organizations aim at providing relief for countries facing adverse balance of payment?

31 / 40

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

32 / 40

A debenture is mortgaged when it is

33 / 40

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

34 / 40

The West Africa Clearing House (WACH) was established

35 / 40

Which of the following is not used to correct an adverse balance of payment?

36 / 40

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

37 / 40

The main feature of a holding company is

38 / 40

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

39 / 40

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

40 / 40

Dividend is a always expressed as a percentage of total

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