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Monday, 13 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2071:
Mr Ojo borrowed N54,000 from a Commercial bank and deposited his life assurance certificate with the bank. The certificate deposited serves as?
  • A A loan repayment
  • B A current asset
  • C An interest charged
  • D A collateral society
  • E A part of payment
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Question 2072:
When an insurance policy is cleared void because of a false declaration the principle involved is?
  • A Indemnity
  • B Insurable interest
  • C Proximate cause
  • D Utmost good and favour ''?
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Question 2073:
The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company's share is selling?
  • A Above per value
  • B At per value
  • C Below per value
  • D Ex dividend
  • E Cum dividend
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Question 2074:
Opening the stock plug plus purchase of less closing the stock gives?
  • A The rate of turnover
  • B Cost of goods sold
  • C Working capital
  • D Net profit
  • E Gross profit
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Question 2075:
(a) State any five channels of distribution for consumer goods.<br/>(b) Explain five factors to be considered before choosing a particular channel.<br/>
    View Answer & Explanation