Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
Which of the following is concerned with obtaining raw materials from their natural locations?
AExtractive industry
BManufacturing industry
CConstruction industry
DTransport industry
EEngineering industry
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Question 2062
waec1991
Commerce developed as a result of?
Aspeculation
Bcompetition
Cspecialization
Dimportation
Eexportation
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Question 2063
waec1991
The sole purpose of production is?
Aemployment
Bpromotion
Cconsumption
Dcompetition
Eenterprising
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Question 2064
waec1991
The major divisions of commerce are?
Aimport, export and banking
Bhome trade and foreign trade
Ctrade and aids to trade
Dexchange, consumption and production
Etrade and banking
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Question 2065
waec1991
The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?
Adecentralization
Bdiversification
Ccommercialization
Dspecialization
Erationalization
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Question 2066
waec1991
Which of the following is a commercial service?
ATransporting
BGarri processing
COil drilling
DLumbering
ETailoring
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Question 2067
waec1990
Demurrage is a charge for?
Autlized lay days
Bunsed lay days
Cexceeding lay days
Ddamaged cargo
Ejettisoned cargo
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Question 2068
waec1990
The Nigeria Television Authority is an example of a?
Aprivate limited liability company
Bpublic limited liability company
Cmultinational corporation
Dco-operative society
Epublic corporation
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Question 2069
waec1990
Retail outlets which sell from specialized vans are?
ASuper markets
Bmultiple shops
Cmail order firms
Ddepartment stores
Emobile shops
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Question 2070
waec1990
Which of the following is not an element of the marketing mix?
AProduct
BPricing
CPromotion
DMerchandising
EDistribution
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Question 2071
waec1990
A trade document signed by a representative of the country to which goods are being sent is called?
Aexport invoice
Bconsignment note
Ccertificate of origin
Dpro-forma invoice
Econsular invoice
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Question 2072
waec1990
The selection and promotion of staff in an organization is the function of the?
Amarketing department
Bfinance department
Cpersonnel department
Dproduction department
Epublic relations department
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Question 2073
waec1990
The major dealers on stock exchange market are the?
Aauthorized clerks
Bjobbers
Cinvestors
Dbrokers
Eunderwriters
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Question 2074
waec1990
Which of the following countries is not a member of ECOWAS?
ANigeria
BGambia
CSierra-Leone
DGhana
ECameroun
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Question 2075
waec1990
Which of the following arguments are in favour of establishing ECOWAS? I. The countries concerned would be able to expand market beyound their territorial boundaries.
II. Currency union is the final objective of member countries
III. Capital movement is not allowed across the boundaries
IV. Free movement across the borders of members would be allowed.
AI, II & III only
BII & IV only
CI, II & IV only
DII & III only
EI & III only
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Question 2076
waec1990
A cheque made payable to "bearer"
ACan be negotiated for cash by the drawer only
Bcan only be paid into an account
Ccan be negotiated for cash by any holder
Dis not regarded as a negotiable instrument
Emust be endorsed to another account for settlement
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Question 2077
waec1990
Which of the following is the acceptable classification of warehouse?
AOrdinary, wholesale and state warehouse
BOrdinary, presidential and bonded warehouse
CBonded, royal and queen warehouse
DOrdinary off-shore and bonded warehouse
EPrivate, public and bonded warehouse
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Question 2078
waec1990
Which of the following is not an advantage of advertising? It
Agives information about products
Bincreases sales
Cincreases production
Dimproves the quality of products
Eintroduces new products
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Question 2079
waec1990
The concept of marketing as a process which begins and ends with the needs and wants of the consumer rather than those of the organization is called?
Acaveat venditor
Bconsumer orientation
Cconsumer association
Dconsumer protection
Ecaveat emptor
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Question 2080
waec1990
The taking over by state of ownership and control of certain business enterprises is known as?
