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Monday, 13 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3841:
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of ____________
  • A An actual total loss
  • B A constructive total loss
  • C A general average loss,
  • D A partial loss
  • E A total loss
View Answer & Explanation
Question 3842:
All the following are principles of insurance EXCEPT
  • A Indemnity
  • B Insurable interest
  • C Particular average
  • D Subrogation
  • E Utmost good faith
View Answer & Explanation
Question 3843:
A person who runs a business on his own account is called a ____________
  • A Creditor
  • B Customer
  • C Director
  • D Partner
  • E Sole trader
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Question 3844:
The first Nigerian enterprises promotion decree was promulgated in ____________
  • A 1972
  • B 1973
  • C 1974
  • D 1977
  • E 1980
View Answer & Explanation
Question 3845:
A multiple shop has many stores which sell
  • A Graded goods
  • B Locally produced goods
  • C Manufactured goods
  • D Persihable goods
  • E Similar goods
View Answer & Explanation