GCE Commerce 2022
Past Questions

Which of the following best explains the concept of 'limited liability' as it applies to a shareholder of a company?

Which of the following is a feature that distinguishes a public limited company from a private limited company?

The document that governs the internal management and relationship among members of a company is the

A cheque drawn by a bank on itself and signed by an authorized bank official is called a

The function of a commercial bank that distinguishes it most from other financial institutions is

Which of the following statements correctly distinguishes a liner service from a tramp service in shipping?

A transport company charges a flat rate of ₦500 per kilometre for road haulage. If a trader needs to transport goods from Ibadan to Abuja, a distance of 520 km, and the truck can carry a maximum load …

A retailer purchases goods worth ₦120,000 from a wholesaler. The wholesaler offers a 10% trade discount followed by a 5% cash discount for payment within 30 days. If the retailer pays within 30 days, …

Which type of warehouse is typically owned and operated by a manufacturer to store only its own finished goods?

Which of the following BEST describes a warehouse?

The primary function of warehousing in commerce is to

A person who buys shares in anticipation of a rise in price so as to sell at a profit is known as a

Which of the following is NOT a function of the Nigerian Stock Exchange?

Which of the following documents is sent by a seller to a buyer to inform him that his account has been credited?

Which document is used by a buyer to formally request goods from a seller, and forms the legal basis for the transaction?

Which of the following is NOT a right of consumers as recognised under consumer protection laws?

A retailer sells a bag of rice to a customer at ₦28,000 instead of the government-approved price of ₦22,000. This act is referred to as

a) Define Commerce and explain its importance to a nation's economy. (6 marks) b) Distinguish between Trade and Aids to Trade, giving TWO examples of each. (6 marks) c) State any THREE ways in which C…

a) Define the term 'business organisation'. (2 marks) b) State and explain FOUR types of business organisations found in Nigeria. (8 marks) c) State THREE advantages of a public limited liability comp…

a) Distinguish between 'communication' and 'telecommunication' as used in commerce. (4 marks) b) Explain FOUR methods of communication available to a business enterprise and state ONE advantage and ON…

a) Define warehousing as used in commerce. (2 marks) b) State FIVE functions of a warehouse. (5 marks) c) Explain FOUR types of warehouses and state ONE advantage of each type you have mentioned. (8 m…