1. Which of the following regulates and controls the activities in the Nigeria Stock Exchange?
A. SEC
B. BPE
C. CBN
D. NDIC
2. The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is __.
A. backwardation
B. Franco
C. arbitrage
D. contango
3. Part payments made on allotted shares by subscribers is usually the __.
A. issued capital
B. subscribed capital
C. called-up capital
D. authorized capital
1. The rate where a country's exports exchange for its imports is called __.
A. terms of payments
B. terms of trade
C. balance of payments
D. balance of trade
2. The use of coin-operated machines to sell goods is a form of __.
A. mail-order selling
B. personal selling
C. retailer
D. wholesaling
3. The insurance policy which provides full cover against all risks at sea is known as __.
A. marine voyage policy insurance
B. marine freight insurance
1. Where a number of insurance companies are liable under one Policy, the principle applicable is
A. Subrogation
B. Contribution
C. Indemnity
D. Utmost good faith
2. Buying and Selling in the stock exchange in anticipation of changes in the share prices is
A. hedging
B. projection
C. forecasting
D. speculation
3. Another term for a dishonoured cheque is
A. an order cheque
B. a bounced cheque
C. a bearer cheque
D. an open cheque
1. A proforma invoice is not required when __.
A. dealing regularly with a customer
B. quoting for the supply of goods
C. goods are sent on approval
D. final prices are uncertain
2. A distinguishing characteristic of a limited liability company is that __.
A. is a collection of many sole proprietors
B. can sue and be sued
C. is a multiple partnership
D. has limited resources
3. Construction activities include the building of houses and roads as well as __.
A. shoe-making
1. Which paper type of commerce is given to you?
A. Type F
B. Type E
C. Type L
D. Type S
2. Cooperation and friendliness are enhanced among nations through interdependence necessitated by __.
A. tourism
B. commerce
C. agriculture
D. socio-cultural activities
3. One of the products of an extractive industry is __.
A. an airplane
B. an iron ore
C. a shoe
D. a textile material
4. The payment for direct service is usually made by the __.
1. Which question paper Type of commerce is given to you?
A. Type D
B. Type I
C. Type B
D. Type U
2. The type of labour that makes use of physical effort in production processes is the
A. unskilled labour
B. skilled labour
C. blue-collar job
D. white-collar job
3. The assembling of products into usable forms is known as
A. creation
B. manufacturing
C. construction
D. formation
4. The final link in the chain of distribution is
1. Which question paper type of commerce as indicated above is given to you?
A. Type Green
B. Type Purple
C. Type Red
D. Type Yellow
2. One of the major benefits of commerce to government is to __.
A. improve the standard of living
B. generate revenue for growth and development
C. encourage cooperation among public organisations
D. encourage the development of socio-cultural values
3. An example of an activity in the construction industry is __.
A. blacksmithing
1. Which question paper Type of commerce is given to you?
A. Type A
B. Type B
C. Type C
D. Type D
2. The most important function of commerce is in ___.
A. enhancing business relationships
B. helping people to improve their profits
C. facilitating exchange among individuals and firms
D. assisting trade through banking and insurance
3. The three main classification of occupation are ___.
A. construction, trade and services
1. Which Commerce Question Paper is given to you?
A. Type A
B. Type B
C. Type C
D. Type D
2. The wealth of a nation depends on the volume of its?
A. bilateral trade activities
B. commercial activities
C. multilateral trade activities
D. stock market
3. Which of the following can be used to differentiate skilled and unskilled labour?
A. Education and training
B. Available resources
C. Level of commitment
D. Salaries and wages