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Commerce Past Questions and Answers

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Commerce Questions

Question 1981:

The process of taking over private business by government is known as?

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A Naturalisation
B Nationalisation
C Privatisation
D Commercialisation
E Indigenisation

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Question 1982:

Which of the following is not the objective of Consumer Association? To

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A Ensure that fair prices are charged
B Educate consumers on their rights
C Prevent fake goods from entering the market
D . prevail on the govemment to enact consumer protection laws
E . ensure correct specihcations as to quality of goods

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Question 1983:

Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?

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A Consignment note
B Credit note
C Advice note
D Debit note
E Statement

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Question 1984:

Which of the following is an example of extractive industry?

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A Sewing dresses
B Constructing bridges
C Baking bread
D Assembling iron rods
E Digging for precious stones

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Question 1985:

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

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A Bonus issue
B Private placing
C Offer for sale
D Rights issue
E Issue by prospectus

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