BUK Commerce 2018/2019 Past Questions

Practice each question, then open it to see the full details.

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

A. producer-wholesaler-retailer-consumer
B. producer-retailer-consumer
C. producer-customer
D. producer-wholesaler-retailer-consumer

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

A. the inefficient means of communication
B. the unavailability of infrastructural facilities
C. that there were few entrepreneurs
D. that there were few developed markets

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

A. Niger and Cameroon
B. Benin and Nigeria
C. Chad and Benin
D. Nigeria and Mali

Non-insurable risk include

A. gambling
B. damage to property
C. death
D. marine problems

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

A. ultra vies
B. trespass
C. berrimme fides
D. caveat emptor

The acronym PLC is used to identify

A. company limited by shares
B. private company limited by share
C. company limited by guarantee
D. public company limited by share

A major function of a chamber of Commerce is

A. production, labour and economics
B. extraction, construction and manufacturing
C. industry, commerce and services
D. trades, aids to trades services

A major functions of a chamber of Commerce is

A. increasing productivity
B. promoting both home and foreign trade
C. promoting trade in a particular line
D. maximizing profit

One advantage of a crossed cheque is that it can

A. only be paid into a savings account
B. be cashed over the bank's counter
C. be chased by anyone
D. only be paid into the owner's account