Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

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1

A share ducted “Cum div”, means that the dividend for the current year will be paid to the

  • A. buyer of the shares
  • B. broker of the shares
  • C. jobber of the shares
  • D. seller of the shares
  • E. stock exchange authority
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2

A share ducted “Cum div”, means that the dividend for the current year will be paid to the

  • A. buyer of the shares
  • B. broker of the shares
  • C. jobber of the shares
  • D. seller of the shares
  • E. stock exchange authority
View Answer & Discuss NECO 2003
3

Organizational chart is a diagram showing the

  • A. flow of authority and responsibilities in a organization
  • B. offices of both subordinates and officials
  • C. organization of staff in an organization
  • D. positions of workers in an organization
  • E. span of management control
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4

The act of bringing a privately owned business under exclusive state ownership and control is referred to as

  • A. commercialization
  • B. indigenization
  • C. nationalization
  • D. privatization
  • E. rationalization
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5

The act of bringing a privately owned business under exclusive state ownership and control is referred to as

  • A. commercialization
  • B. indigenization
  • C. nationalization
  • D. privatization
  • E. rationalization
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6

Who takes the initial step to form a company prior to its incorporation?

  • A. Company secretary
  • B. Managing director
  • C. Promoter
  • D. Registrar of company
  • E. shareholder
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7

A document which can be used for both internal and external trade is

  • A. bill of exchange
  • B. GIRO
  • C. I.O.U
  • D. portal orders
  • E. promising note.
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8

A document which can be used for both internal and external trade is

  • A. bill of exchange
  • B. GIRO
  • C. I.O.U
  • D. portal orders
  • E. promising note.
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9

Which of the following does not relate to foreign trade?

  • A. Certificate of origin
  • B. Chartered party
  • C. Dumping
  • D. Export duties
  • E. Export license
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10

Which of the following does not relate to foreign trade?

  • A. Certificate of origin
  • B. Chartered party
  • C. Dumping
  • D. Export duties
  • E. Export license
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11

Commerce refers to

  • A. buying and selling of goods at home
  • B. buying and selling of goods and services at home
  • C. importation and exportation of goods
  • D. importation and exportation of goods and services
  • E. trade and all of services which assist trade
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12

The coming together of two or more companies to form one big viable company is known as

  • A. association
  • B. cartel
  • C. joining
  • D. merging
  • E. trust
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13

The coming together of two or more companies to form one big viable company is known as

  • A. association
  • B. cartel
  • C. joining
  • D. merging
  • E. trust
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14

Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

  • A. Commercialization
  • B. Consumerism
  • C. Indigenization
  • D. Nationalization
  • E. Privatization
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15

Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

  • A. Commercialization
  • B. Consumerism
  • C. Indigenization
  • D. Nationalization
  • E. Privatization
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16

Sea transport is unsuitable for the movement of

  • A. antiquities
  • B. coal
  • C. fertilizer
  • D. planks
  • E. vegetables
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17

Sea transport is unsuitable for the movement of

  • A. antiquities
  • B. coal
  • C. fertilizer
  • D. planks
  • E. vegetables
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18

Any member of the public who wants to buy shares in the stock market will first of all meet a/an

  • A. agent
  • B. broker
  • C. jobber
  • D. seller
  • E. share holder
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19

A discount that is given to middlemen in order to make good profit is called ………. discount.

  • A. cash
  • B. fixed
  • C. quant
  • D. seasonal
  • E. trade
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20

All the following are members of small-scale retailing EXCEPT

  • A. chain stores
  • B. itinerant trade
  • C. kiosks
  • D. mobile shops
  • E. stall holders
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21

The second tier security market is an example of

  • A. capital market
  • B. commodity market
  • C. factor market
  • D. labour market
  • E. money market
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