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Friday, 03 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 176:
When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is
  • A Currying favour from local people
  • B Finding a way to spend resonsibility
  • C Fulfilling part of its social responsibilty
  • D Invest its idle funds
View Answer & Explanation
Question 177:
The West African clearing House became legally operational on
  • A 1st july, 1976
  • B 25th june, 1975
  • C 14th march, 1975
  • D 3rd may, 1974
View Answer & Explanation
Question 178:
The lake Chad Basin commission was founded to enable member states
  • A Expand the volume of water in the lake for fishing activities
  • B Increase navigational activities on the lake
  • C Dam the lake for electricity and agricultural purposes
  • D Co-ordinate their efforts in managing the use of the lake's resources
View Answer & Explanation
Question 179:
What is the working capital as at December 31,1992?
  • A N 65 250
  • B N60 000
  • C N 48 650
  • D N 41 950
View Answer & Explanation
Question 180:
A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.
  • A N24.65 million
  • B N17.00million
  • C N9. 35 million
  • D N7.65million
View Answer & Explanation