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Tuesday, 07 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3411:
When a government acquires business enterprises formerly owned by individuals, it is termed?
  • A Commercialization
  • B Indigenization
  • C Privatization
  • D Nationalization
View Answer & Explanation
Question 3412:
How many countries make up the River Niger Basin commission
  • A 16
  • B 12
  • C 10
  • D 9
View Answer & Explanation
Question 3413:
Which of the following means of payment makes the bank both the drawer and drawee
  • A Standing order
  • B Bill of exchange
  • C Bank draft
  • D Open cheque
View Answer & Explanation
Question 3414:
An association that protects the interest of members in the same line of business is?
  • A Consumer association
  • B Trade union
  • C Trade association
  • D Chamber of commerce
View Answer & Explanation
Question 3415:
Use the following information to answer the question
Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. shares issues and fully paid are 25,000,000


The value of bamidele authorized share capital is?
  • A N160,000,000
  • B N100,000,000
  • C N65,000,000
  • D N40,000,000
View Answer & Explanation