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Monday, 13 April 2026
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Commerce Past Questions and Answers

Post Utme Commerce Questions

Question 1:
The use of coin - operated machines to sell goods is form of ____________
  • A Personal selling
  • B Retailing
  • C Wholesaling
  • D Mail - order selling
View Answer & Explanation
Question 2:
Which of the following groups is paid first when a firm liquidates?
  • A Ordinary shareholders
  • B Preference shareholders
  • C Debentures holders
  • D Cumulative preference shareholders
View Answer & Explanation
Question 3:
Which of the following statements is true about sea transport?
  • A All ships have specific routes to ply
  • B All ships must be insured at every journey
  • C All ships are insured separately from the crew
  • D All ships normally arrive at their destination with goods
View Answer & Explanation
Question 4:
A sole proprietor insured his goods wort 4 200,000 for half the value. There was a fire incident in which goods valuedforall 80,000 were destroyed. The value of compensation expected from the insurer is ____________
  • A N 40.000
  • B N80.000
  • C N N 100,000
  • D N200,000
View Answer & Explanation
Question 5:
For the establishment of a powerful consumers' association in Nigeria to exist. there must be ____________
  • A Financial and moral support from the public
  • B Honest and committed leadership
  • C Allocation of goods from the producer
  • D Freedom from external influence
View Answer & Explanation