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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
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Trade and manufacturer associations
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Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
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Warehousing: Types, functions
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Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
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Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
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Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
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ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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1921
When firms that operate at different stages in the production of a commodity merge, this is known as
A.
horizontal intergration
B.
vertical intergration
C.
absorption
D.
conglomerate
E.
cartel
View Answer & Discuss
WAEC 1997
1922
The document which gives the current price and terms of trade of a product is called?
A.
a letter of credit
B.
an invoice
C.
an advice note
D.
a consignment note
E.
an order form
View Answer & Discuss
WAEC 1997
1923
Which of the following is not a function of merchant banks?
A.
Granting long term loans
B.
Advising corporate institutions
C.
Underwriting shares
D.
Discounting bills
E.
Printing new bank notes
View Answer & Discuss
WAEC 1997
1924
A restriction on the quantity of a commodity that could be imported is known as
A.
licence
B.
price control
C.
quota
D.
tariff
E.
ban
View Answer & Discuss
WAEC 1997
1925
The art of combining human, material and other resources to achieve the stated goals of a business is known as
A.
planning
B.
controlling
C.
motivation
D.
directing
E.
organizing
View Answer & Discuss
WAEC 1997
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