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Wednesday, 08 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3321:
A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is
  • A D 10,0000,000
  • B D6,000,000
  • C D4,000,000
  • D D2,000,000
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Question 3322:
The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by
  • A Fixed capital
  • B Capital employed
  • C Paid-up capital
  • D Working capital
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Question 3323:
Which of the following is an advantage of a sole trader?
  • A Guaranteed profit
  • B Quick decision-making
  • C Unlimited liabilty
  • D Buying on credit
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Question 3324:
A person's deliberate decision to reduce the value of her currency is called
  • A Deregulation
  • B Inflation
  • C Devaluation
  • D Revaluation
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Question 3325:
Which of the following is not a function of warehousing
  • A Creating security of goods
  • B Stabilization of price
  • C Production ahead of demand
  • D Storage of goods
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