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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2806:
WAEC 2005
Which of the following is a feature peculiar to multiple shops?
SchoolNGR Classroom
  • A Central location
  • B Self service
  • C Central buying
  • D One stop shopping
View Answer & Explanation
Question 2807:
WAEC 2005
Terms of trade is the?
SchoolNGR Classroom
  • A Rate at which the central bank discounts first class bills
  • B Rate at which a country's exports exchange for its imports
  • C Expected rate of returns on an investment
  • D Rate of payment for goods and services purchased
View Answer & Explanation
Question 2808:
WAEC 2005
Which of the following encourages trade between regions?
SchoolNGR Classroom
  • A Differences in currencies of countries
  • B Difference in national income of countries
  • C Existence of trade associations
  • D Differences in natural resources
View Answer & Explanation
Question 2809:
WAEC 2005
Which of the following is not suitable for fire purchase?
SchoolNGR Classroom
  • A Textiles
  • B Furniture
  • C Refrigerators
  • D Printing machine
View Answer & Explanation
Question 2810:
WAEC 2005
The form of trade practiced by the early men was characterized by
SchoolNGR Classroom
  • A Exchange of goods for money
  • B Efficient distribution system
  • C Exchange of goods for goods
  • D Organized warehousing
View Answer & Explanation

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