JAMB and WAEC Commerce questions

611 questions with answers and explanations. Tap an option to check yourself.

All topics Advertising and marketing · 32 Business management and environment · 32 Commerce and its scope · 31 Communication · 33 Computers and ICT in business · 29 Consumer protection · 30 Documents used in trade · 34 Elements of commercial law · 31 Financing a business · 32 Foreign trade · 40 Forms of business organisation · 40 Home trade: retail and wholesale · 40 Insurance · 39 Money and banking · 40 Occupation and production · 33 The stock exchange · 34 Transport · 33 Warehousing · 28

Question 441· Insurance· JAMB
Endowment assurance pays
Explanation and discussion
Question 442· Insurance· WAEC
The regular payment made by the insured to the insurer is the
Explanation and discussion
Question 443· Insurance· JAMB
In life assurance, the person who receives the sum assured on the death of the insured is the
Explanation and discussion
Question 444· Money and banking· WAEC
A current account holder can withdraw money by using
Explanation and discussion
Question 445· Money and banking· JAMB
The cashless policy of the CBN aims to
Explanation and discussion
Question 446· Money and banking· JAMB
A cheque that is payable to whoever presents it at the bank is
Explanation and discussion
Question 447· Money and banking· WAEC
A savings account holder earns
Explanation and discussion
Question 448· Money and banking· WAEC
Money is said to be a store of value because it
Explanation and discussion
Question 449· Money and banking· WAEC
The person who writes and signs a cheque is the
Explanation and discussion
Question 450· Money and banking· WAEC
Which of these is NOT a function of money?
Explanation and discussion
Question 451· Money and banking· JAMB
A cheque presented for payment more than six months after the date written on it is described as
Explanation and discussion
Question 452· Money and banking· WAEC
The bank that issues currency in Nigeria is the
Explanation and discussion
Question 453· Money and banking· JAMB
Which function of money allows it to be used to settle debts in the future?
Explanation and discussion
Question 454· Money and banking· JAMB
Which of these is a quality of good money?
Explanation and discussion
Question 455· Money and banking· JAMB
Which of these is a function of the Central Bank of Nigeria?
Explanation and discussion
Question 456· Money and banking· WAEC
A bank draft is preferred to a personal cheque because it
Explanation and discussion
Question 457· Money and banking· WAEC
A standing order instructs a bank to
Explanation and discussion
Question 458· Money and banking· WAEC
Agent banking points in rural areas help to
Explanation and discussion
Question 459· Money and banking· JAMB
A cheque is described as stale when it
Explanation and discussion
Question 460· Money and banking· JAMB
A standing order is an instruction to a bank to
Explanation and discussion

Practise Commerce like the real exam. A timed CBT, your score, and the topics to fix.

Start a Commerce test

JAMB and WAEC Commerce questions

Endowment assurance pays

The regular payment made by the insured to the insurer is the

In life assurance, the person who receives the sum assured on the death of the insured is the

A current account holder can withdraw money by using

The cashless policy of the CBN aims to

A cheque that is payable to whoever presents it at the bank is

A savings account holder earns

Money is said to be a store of value because it

The person who writes and signs a cheque is the

Which of these is NOT a function of money?

A cheque presented for payment more than six months after the date written on it is described as

The bank that issues currency in Nigeria is the

Which function of money allows it to be used to settle debts in the future?

Which of these is a quality of good money?

Which of these is a function of the Central Bank of Nigeria?

A bank draft is preferred to a personal cheque because it

A standing order instructs a bank to

Agent banking points in rural areas help to

A cheque is described as stale when it

A standing order is an instruction to a bank to