Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

1

(a).Give five examples of trade associations.

(b) Outline any three functions of the Employers’ Association.

(c) What are the objectives of the Lake Chad Basin Commission? 

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2

Mention and explain any four environments under which a business operates.
 

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3

(a). What is Public Relations?

(b) State and explain any five methods a firm can use to promote its public relations.
 

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4

(a) What is a contract of sale of goods?

(b) State any three of its provisions.

(c) Explain two conditions that constitute acceptance in the contract of sale of goods. 
 

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5

(a) Explain five problems of using rail transport in Nigeria.

(b) Write short notes on;
(i) Tramp liners
(ii) Ocean liners. 
 

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6

(a) What are Thrift Societies?

(b) Describe five services rendered by Thrift Societies to their members. 
 

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7

(a) Describe the functions of the Stock Exchange.

(b) State the types of securities traded in the Stock Exchange. 
 

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8

Write short notes on the following, showing their main uses in foreign trade:

(a) Shipping notes

(b) Ship’s manifest

(c) Bill of sight

(d) Dock warrant

(d) Bill of entry.
 

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9

(a) State any four sources of capital for a public limited company.

(b) Explain any four advantages and disadvantages respectively of converting a business into a public limited company. 
 

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10

(a) Describe any four features of a multiple shop.

(b) Give any four reasons why small scale retailing is common in Nigeria. 
 

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11

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

  • A. consortium
  • B. holding company
  • C. cartel
  • D. trust
  • E. subsidiary company
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12

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

  • A. consortium
  • B. holding company
  • C. cartel
  • D. trust
  • E. subsidiary company
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13

The organization that aims at protecting the business interest of a particular area is the?

  • A. Trade Asociation
  • B. Manufacturing Association of Nigeria
  • C. Chamber of Commerce
  • D. Confederation of industrialists
  • E. Trade Union
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14

Air transport is considerable importance today because it?

  • A. is faster than other means of transport
  • B. can deliver goods to owner's destination
  • C. is relatively cheaper
  • D. can carry bulky goods
  • E. travels on schedule
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15

A company that acquires a majority of the shares of the other companies with voting rights is regarded as?

  • A. a consortium
  • B. a holding company
  • C. an amalgamator
  • D. a subsidiary comapany
  • E. cartel
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16

A company that acquires a majority of the shares of the other companies with voting rights is regarded as?

  • A. a consortium
  • B. a holding company
  • C. an amalgamator
  • D. a subsidiary comapany
  • E. cartel
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17

Speed is an important consideration for the choice of a means of transport where goods are?

  • A. bulky
  • B. inferior
  • C. fragile
  • D. perishable
  • E. durable
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18

Speed is an important consideration for the choice of a means of transport where goods are?

  • A. bulky
  • B. inferior
  • C. fragile
  • D. perishable
  • E. durable
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19

Speed is an important consideration for the choice of a means of transport where goods are?

  • A. bulky
  • B. inferior
  • C. fragile
  • D. perishable
  • E. durable
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20

The main advantage of water transport is that it?

  • A. is safe
  • B. is slow
  • C. can carry heavy goods
  • D. can go long distances
  • E. is owned by private firms
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21

New shares are offered to the public through?

  • A. acceptance houses
  • B. the stock exchange
  • C. issuing houses
  • D. discount houses
  • E. finance houses
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