BUK Commerce 2012/2013 Past Questions

In which of the following classes of occupation would you place medical practitioners

Which of the following is an agreement to transport goods but not a document of title?

Which of the following is not a right of the customer?

A contract of sale where ownership passes to the buyer on the payments of first instalment is known as

Which of these is not a basic marketing function?

The abbreviation E & OE is usually printed on

When an insurance company indemnifies the insured and takes over his right, this is known as

Which of the following qualities of money is generally undermined by inflation?

Which of the following is not an economic grouping?

Bonded warehouse are controlled by

```USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 83 TO
A public limited company whose nominal capital is made up of #400,000 ordinary shares of 50 kobo each, decided to issues 50% of it to the public and realized only 50% of the amount due.```
What is the company's registered capital?

```USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 83 TO 85
A public limited company whose nominal capital is made up of #400,000 ordinary shares of 50 kobo each, decided to issues 50% of it to the public and realized only 50% of the amount due.```
What is the paid up capital?

```USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 83 TO 85
A public limited company whose nominal capital is made up of #400,000 ordinary shares of 50 kobo each, decided to issues 50% of it to the public and realized only 50% of the amount due.```
What is the called up capital?

The process of dividing market into identifiable sub markets is known as

When a quotations is marked 'CWO', it means

The liquid assets of commercial banks are

Which of the following sources of capital to a business requires mortgaging a specific asset?

Who among the following sells securities in anticipation of a fall in price?

If the turnover of a business is #16,000 and the cost of goods sold is #12,000, what is the percentage of gross profit on sale?

Which of the following is the best channel for the sale of an aircraft?

The most important factor that delayed the development of commerce in Nigeria was

Which of the following countries are members of the lake Chad Basin commissions?

Non-insurable risk include

An action taken by a company outside its object clause is regarded as

The acronym PLC is used to identify

A major function of a chamber of Commerce is

One advantage of a crossed cheque is that it can