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Thursday, 09 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3541:
The amount of capital used in the day-to-day running of a company is?
  • A Working capital
  • B Capital emplyed
  • C Share capital
  • D Fixed capital
View Answer & Explanation
Question 3542:
an example of an invisible item of trade is?
  • A Oil
  • B Shipping
  • C Machinery
  • D Textile
View Answer & Explanation
Question 3543:
in a hire purchase agreement, the buyer is the
  • A Agent
  • B Hirer
  • C Lesse
  • D Lessor
View Answer & Explanation
Question 3544:
which of the following terms is not used in price qoutation for goods
  • A E. & O,E
  • B C.I.F
  • C EX works
  • D F.A.S
View Answer & Explanation
Question 3545:
Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?
  • A Valuable consideration
  • B Formality
  • C Offer and acceptance
  • D Capacity
View Answer & Explanation