Commerce Past Questions and Answers

Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.

A A manufacturer's warehouse
B A bonded warehouse
C An importer's warehouse
D A wholesaler's warehouse

Question 27:

The three major function unit which the modern computer has are

A The input the processor and the output units
B The black box, output and input units
C BASIC, COBOL and output uits
D BASIC, the processor and PASCAL

Question 28:

(i)Foreign investment (ii)Long term lending (iii) Short-term borrowing. Which combination of the above include capital account in international trade?

A I, iii, and iv
B Ii, iii and iv
C Ii and iv
D I and ii

Question 29:

The elimination of fault in a computer programme is called?

A Console
B Debug
C Dump
D Loop

Question 30:

Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu

A Is entitled always to a cumulative dividends accruing from the shares
B Is entitled to the next dividends due to the shares
C Will not be entitled to the next dividends due to the shares
D Still owes N3 on the shares which will be subtracted from the dividends