Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

43

Which of the following is a reduction in the catalogue price?

  • A. Rebate
  • B. Cash discount
  • C. Commission
  • D. Trade discount
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44

Stocks, shares and debentures traded in the stock exchange are called

  • A. bears
  • B. bulls
  • C. securities
  • D. collaterals
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45

Stocks, shares and debentures traded in the stock exchange are called

  • A. bears
  • B. bulls
  • C. securities
  • D. collaterals
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46

For overstaying in a port, a ship is charged a fine called

  • A. dock due
  • B. commission
  • C. interest
  • D. demurrage
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47

For overstaying in a port, a ship is charged a fine called

  • A. dock due
  • B. commission
  • C. interest
  • D. demurrage
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48

A ship that travels without schedule is called a

  • A. passenger liner
  • B. tramp
  • C. cargo liner
  • D. tanker
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49

A ship that travels without schedule is called a

  • A. passenger liner
  • B. tramp
  • C. cargo liner
  • D. tanker
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50

Which of the following is a source of capital to a sole proprietorship?

  • A. Loans from friends
  • B. Admission of new member
  • C. Issue of shares
  • D. Issue of debentures
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51

Which of the following is a source of capital to a sole proprietorship?

  • A. Loans from friends
  • B. Admission of new member
  • C. Issue of shares
  • D. Issue of debentures
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52

The mode of conveying liquids and gases through an underground channel is

  • A. pipeline
  • B. rail transport
  • C. road transport
  • D. sea transport
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53

The mode of conveying liquids and gases through an underground channel is

  • A. pipeline
  • B. rail transport
  • C. road transport
  • D. sea transport
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54

The letters R/D on a cheque shows that the cheque is

  • A. paid
  • B. dishonoured
  • C. certified
  • D. accepted
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55

The tax paid on goods produced within a country is known as

  • A. import duty
  • B. excise duty
  • C. ad valorem duty
  • D. customs draw back
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56

A document through which the public is invited to subscribe to the shares of a company is a

  • A. Memorandum of Association
  • B. Article of Association
  • C. Prospectus
  • D. Debenture
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57

A document through which the public is invited to subscribe to the shares of a company is a

  • A. Memorandum of Association
  • B. Article of Association
  • C. Prospectus
  • D. Debenture
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58

Which of the following requires a certificate of trading to start business

  • A. Public corporation
  • B. Public limited company
  • C. Cooperative society
  • D. Private limited company
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59

Which of the following requires a certificate of trading to start business

  • A. Public corporation
  • B. Public limited company
  • C. Cooperative society
  • D. Private limited company
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60

Establishing and maintaining mutual understanding between an organization and its customers is known as

  • A. marketing concept
  • B. advertising
  • C. public relations
  • D. sales promotion
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61

Establishing and maintaining mutual understanding between an organization and its customers is known as

  • A. marketing concept
  • B. advertising
  • C. public relations
  • D. sales promotion
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62

If a country devalues its currency, there would be

  • A. reduction in imports
  • B. reduction in exports
  • C. increase in production locally
  • D. increase in local standard living
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63

If a country devalues its currency, there would be

  • A. reduction in imports
  • B. reduction in exports
  • C. increase in production locally
  • D. increase in local standard living
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