Commerce Past Questions and Answers

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

Question 1962:

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

Question 1963:

Which of the following aids to trade is used to stimulate demand for goods

A Banking
B Transport
C Insurance
D Advertising

Question 1964:

The term consumer sovereignty means that?

A Seller is the king
B Product is supreme
C Buyer is the king
D Producer is the king

Question 1965:

Which of the following activities is classified under extractive industry?

A Exploration of minerals
B Construction of roads
C Canning of tomatoes purees
D Assembling of cars