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Monday, 13 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2106:
The price charged for leasing a ship is known as
  • A Way bill
  • B Haulage
  • C Clean bill
  • D Freight
  • E Demurrage
View Answer & Explanation
Question 2107:
Goods in bonded warehouses are under the strict supervision of the
  • A Customs Authority
  • B Ports Authority
  • C Importer
  • D Clearing agent
  • E Exporter
View Answer & Explanation
Question 2108:
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
  • A The Nigerian Capital Market Association
  • B The Securities and Exchange Commmission
  • C The Nigerian Deposit Insurance Commission
  • D The Nigerian Reinsurance Corporation
  • E The Central Bank of Nigeria
View Answer & Explanation
Question 2109:
Which of the following is drawn up as a guide to the running of a Partnership?
  • A Deed of Agreement
  • B Partnership Act
  • C Memorandum of Association
  • D Prospectus
  • E Articles of Association
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Question 2110:
The law governing the operations of companies and partnership in Nigeria is the
  • A Nigerian Companies Decree
  • B Nigerian Partnership Act
  • C Nigerian Enterprises Promotion Decree
  • D Companies And Allied Matters Decree
  • E Sale of Goods Act
View Answer & Explanation