Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

2101

When a ship overstays the allowed number of days at the port, it is made to pay

  • A. interest
  • B. tariff
  • C. demurrage
  • D. commission
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2102

When a ship overstays the allowed number of days at the port, it is made to pay

  • A. interest
  • B. tariff
  • C. demurrage
  • D. commission
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2103

A voluntary association which consists of people who represents a cross section of business interests in an area is a

  • A. Trade Association
  • B. Trade Union
  • C. Chamber of Commerce
  • D. Consumer's Association
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2104

A voluntary association which consists of people who represents a cross section of business interests in an area is a

  • A. Trade Association
  • B. Trade Union
  • C. Chamber of Commerce
  • D. Consumer's Association
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2105

A postal service that allows a company’s customers to reply to its advertisements at the expense of the company is

  • A. recorded delivery service
  • B. post restante
  • C. express delivery service
  • D. business reply service
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2106

A business obtains part of its short-term capital from

  • A. bonds
  • B. debentures
  • C. trade credit
  • D. ordinary shares
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2107

A person who contributes money to a partnership business and is also involved in its general supervision is called

  • A. An active partner
  • B. a limited partner
  • C. A dormant partner
  • D. a nominal partner
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2108

A person who contributes money to a partnership business and is also involved in its general supervision is called

  • A. An active partner
  • B. a limited partner
  • C. A dormant partner
  • D. a nominal partner
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2109

The part of authorized capital of a company sold to shareholders is

  • A. paid-up capital
  • B. called-up capital
  • C. issued capital
  • D. nominal capital
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2110

The part of authorized capital of a company sold to shareholders is

  • A. paid-up capital
  • B. called-up capital
  • C. issued capital
  • D. nominal capital
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2111

The issue of Certificate of Incorporation to a company means that it has

  • A. started production
  • B. legally come into being
  • C. appointed a board of directors
  • D. merged with another company
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2112

The issue of Certificate of Incorporation to a company means that it has

  • A. started production
  • B. legally come into being
  • C. appointed a board of directors
  • D. merged with another company
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2113

One of the functions of a central bank is to

  • A. perform supervisory role among all the banks in the country
  • B. provide the means of payment to individuals
  • C. ensure the smooth transfer of shares
  • D. accept private deposits
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2114

One of the functions of a central bank is to

  • A. perform supervisory role among all the banks in the country
  • B. provide the means of payment to individuals
  • C. ensure the smooth transfer of shares
  • D. accept private deposits
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2115

A system of buying goods by an agent where the supplier is determined by the principal is

  • A. tied shop
  • B. closed shop indent
  • C. open indent
  • D. ring trading
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2116

A system of buying goods by an agent where the supplier is determined by the principal is

  • A. tied shop
  • B. closed shop indent
  • C. open indent
  • D. ring trading
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2117

Carpentry is an activity classified under

  • A. extractive occupation
  • B. tertiary occupation
  • C. commercial occupation
  • D. constructive occupation
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2118

Carpentry is an activity classified under

  • A. extractive occupation
  • B. tertiary occupation
  • C. commercial occupation
  • D. constructive occupation
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2119

A system of buying products from a machine is known as

  • A. Impulse buying
  • B. branding
  • C. automatic vending
  • D. loss leader
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2120

A system of buying products from a machine is known as

  • A. Impulse buying
  • B. branding
  • C. automatic vending
  • D. loss leader
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2121

A cheque bearing a date showing that it was issued more than six months ago is termed a

  • A. blank cheque
  • B. bearer cheque
  • C. stale cheque
  • D. order cheque
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