Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

43

An amount paid by a bull who wishes to defer the purchase of shares to the next accounting period is

  • A. brokerage
  • B. backwardation
  • C. contango
  • D. commission
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44

A fixed deposit account is beneficial to its holders because

  • A. cheques can be issued to settle huge debts
  • B. customers can become shareholders of the bank
  • C. it attracts higher interest rate
  • D. it allows customers overdraw their accounts
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45

A fixed deposit account is beneficial to its holders because

  • A. cheques can be issued to settle huge debts
  • B. customers can become shareholders of the bank
  • C. it attracts higher interest rate
  • D. it allows customers overdraw their accounts
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46

Buying on impulse is encouraged by

  • A. co-operative shops
  • B. hawkers
  • C. supermarket
  • D. mail order firms
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47

The entertainment industry is classified under

  • A. extractive industry
  • B. manufacturing industry
  • C. constructive industry
  • D. commercial industry
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48

The entertainment industry is classified under

  • A. extractive industry
  • B. manufacturing industry
  • C. constructive industry
  • D. commercial industry
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49

The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as

  • A. entrepot trade
  • B. dumping
  • C. hedging
  • D. counter trade
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50

The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as

  • A. entrepot trade
  • B. dumping
  • C. hedging
  • D. counter trade
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51

In insurance, risks that have no statistics for their calculations are

  • A. insurable risks
  • B. certain risks
  • C. un-insurable risks
  • D. uncertain risks
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52

In insurance, risks that have no statistics for their calculations are

  • A. insurable risks
  • B. certain risks
  • C. un-insurable risks
  • D. uncertain risks
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53

The throwing of goods over board to prevent a ship from sinking is known as

  • A. floatsam
  • B. abandonement
  • C. jettison
  • D. particular average
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54

The throwing of goods over board to prevent a ship from sinking is known as

  • A. floatsam
  • B. abandonement
  • C. jettison
  • D. particular average
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55

Buildings and machinery purchased for use in business are examples of

  • A. current assets
  • B. fixed assets
  • C. capital employed
  • D. paid up capital
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56

Small-scale retailers continue to exist in spite of the dominance of large firms because they

  • A. render personal service
  • B. employ few salesmen
  • C. can raise large capital from relatives
  • D. deal in specific goods
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57

Small-scale retailers continue to exist in spite of the dominance of large firms because they

  • A. render personal service
  • B. employ few salesmen
  • C. can raise large capital from relatives
  • D. deal in specific goods
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58

The target of all marketing activities is the

  • A. consumer
  • B. middleman
  • C. producer
  • D. distributor
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59

The target of all marketing activities is the

  • A. consumer
  • B. middleman
  • C. producer
  • D. distributor
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60

Consumer protection council places an obligation on producers to ensure that their products

  • A. are wholesome and safe
  • B. are cheap
  • C. do not evade customs examination
  • D. are branded
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61

Consumer protection council places an obligation on producers to ensure that their products

  • A. are wholesome and safe
  • B. are cheap
  • C. do not evade customs examination
  • D. are branded
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62

A principal member of the stock exchange who buys and sells securities on his own is a

  • A. jobber
  • B. promoter
  • C. broker
  • D. speculator
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63

A principal member of the stock exchange who buys and sells securities on his own is a

  • A. jobber
  • B. promoter
  • C. broker
  • D. speculator
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