Question 1
Extractive occupation is an example of
Objective
WAEC Commerce 1997 Past Questions
Practice each question, then open it to see the full details.
Question 1
Explain any five reasons why commerce is important in the life of a nation
Theory
Question 2
The fastest means of sending a printed message from Lagos to London is through
Objective
Question 2
(a)Give six features of a public company
(b)Explain four reasons for winding up a public limited company
Theory
Question 3
An association that mobilizes the savings of members and channels them to needy members is known as
Objective
Question 3
Explain five services of each of the following;
(a) Courier firms
(b) NITEL
Theory
Question 4
If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the
Objective
Question 4
(a) Identify four environmental factors that affect business
(b) Explain how each of the factors mentioned in (a) above affects business operations
Theory
Question 5
Which of the following is the clearing house for all the banks in the country?
Objective
Question 5
(a) What is an advertising medium?
(b) State any five factors to be considered before choosing a particular advertis-ing medium.
(c) Give eight examples of advertising media
Theory
Question 6
Commerce developed as a result of
Objective
Question 6
(a) Describe five ways by which commercial banks aid international trade
(b) State and explain five functions of the Nigerian Export Promotion Council
Theory
Question 7
An overdraft can only be granted to the holder of a
Objective
Question 7
(a) Explain five factors which determine the span of control
(b) Give five functions of the personnel department in a business establishment.
Theory
Question 8
Which of the following is not a source of capital to a partnership?
Objective
Question 8
(a) Give five reasons why a life assurance policy may be taken
(b) Describe any five insurance policies which a large department shop owner may take.
Theory
Question 9
Which of the following functions of the wholesaler helps to stabilize prices
Objective
Question 9
Explain five reasons for consumer protection, stating in each case one relevant government law aimed at the enforcement.
Theory
Question 10
The rebate given to the retailer by the wholesaler to enable him make profit is known as
Objective
Question 10
(a) State five objectives of establishing the Economic Community of West African States
(b) Give five reasons why the Lake Chad Basin Commission was established.
Theory
Question 11
Division of labour often results in
Objective
Question 12
Who among the following is not an agent?
Objective
Question 13
Who among the following comes first in the channel of distribution?
Objective
Question 14
The services rendered by Nigerian Airways to foreign companies are part of Nigeria's
Objective
Question 15
One of the characteristics of a debenture is that
Objective
Question 16
Which of the following is a disadvantage of credit transaction?
Objective
Question 17
In which of the following do the goods become the property of the buyer on the payment of first installment
Objective
Question 18
Which of the following government legislation is not aimed at consumer protection?
Objective
Question 19
Self-service, mail order and automatic vending are examples of
Objective
Question 20
Span of control is defined as the
Objective
Question 21
An established pattern of relationships among members of an organization is known as
Objective
Question 22
The aspect of management which ensures that there is no deviation from the set standards is called
Objective
Question 23
When a Public Limited Company is incorporated it means that
Objective
Question 24
The Manager,
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.
The above instruction is a
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.
The above instruction is a
Objective
Question 25
A retailer's mark-up is his
Objective
Question 26
Debenture is an example of
Objective
Question 27
Which of the following is not an acceptable collateral security for a bank loan?
Objective
Question 28
Which of the following is the basic principle of marketing concept?
Objective
Question 29
The compensation given to brokers who sell shares to jobbers is called
Objective
Question 30
The Stock Exchange does not deal in
Objective
Question 31
The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called
Objective
Question 32
Which of the following is not covered by fire insurance policy?
Objective
Question 33
Which of the following is not considered when siting a retail shop?
Objective
Question 34
The law stipulating that labels should contain full details about a product is known as the
Objective
Question 35
A design which distinguishes the goods of one producer from those of others is called
Objective
Question 36
Which of the following is responsible for the maintenance of the quality of goods produced
Objective
Question 37
The document stating the particular country from which goods are imported is called
Objective
Question 38
Which of the following makes it possible for people to collect their letters at their convenient time ?
Objective
Question 39
Which of the following is not a function of the Nigerian Ports Authority?
Objective
Question 40
Which of the following indicates special crossing on a check? Two parallell lines with
Objective