UTME 2022 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
In Nigeria, the ministry in charge of registering trade associations is that of
A. industries
B. finance
C. commerce
D. culture and tourism
Question 2
Which of the following computers can be used in weather forecast?
A. digital computer
B. analog computer
C. hybrid computer
D. mainframe computer
Question 3
A trade association consists of members engaged in the same trade while a chamber of commerce is
A. highly regulated by a government agency
B. made up of members that are registered
C. made up of firms in the banking industry
D. not restricted on a particular industry
Question 4
A bank statement is a document
A. ordering a bank to pay on demand a stated sum of money
B. used for paying money into a bank account
C. used for regular withdrawal of money from a savings account
D. containing records of receipts, payments and balance on an account
Question 5
Gilt-edged securities are issued mainly by
A. individuals
B. government
C. multi-national companies
D. non-governmental organizations
Question 6
In e-banking, ATM means
A. Authentic Teller Machine
B. Automatic Teller Machine
C. Automated Teller Machine
D. All-purpose Teller Machine
Question 7
Securities that entitle the investor to coupon rates are
A. bonds
B. treasury bills
C. warrants
D. equities
Question 8
A factor necessary for siting of a warehouse is nearness to
A. consumers
B. labour
C. capital
D. raw materials
Question 9
Nationalization of an industry means that its ownership becomes that of
A. tax payers
B. indigenes
C. shareholders
D. government
Question 10
Determine the owner's equity.
A. ₦20,000,000
B. ₦38,000,000
C. ₦42,000,000
D. ₦25,000,000
Question 11
A predominant mark-up language for web pages is
A. HTML
B. IP
C. HTTP
D. TCP
Question 12
One of the products of an extractive industry is
A. an iron ore
B. a shoe
C. a textile material
D. an air plane
Question 13
An important feature of land is that
A. it has an elastic supply
B. is heterogeneous in nature
C. is subject to returns to scale
D. is an active factor of production
Question 14
The promotion and protection of trade, industry and agriculture through trade fairs is a function of
A. NACRDB
B. NACCIMA
C. the Chamber of Commerce
D. the consumer protection council
Question 15
Warehousing is important to manufacturers because it helps to
A. produce goods in advance
B. improve the quality of goods
C. meet the demand of customers
D. determine input requirements

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