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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 506:

An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?

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A A chamber of commerce
B A customs union
C An amalgamation
D A cartel
E A combination

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Question 507:

An establishment that specializes in taking care of risks is called?

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A A hire-purchase company
B An accepting house
C An insurance company
D A finance company
E A confirming house

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Question 508:

Which of the following is an example of a commercial occupation?

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A Wrestling
B Welding
C Shipping
D Brick laying
E Tailoring

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Question 509:

Which of the following carries the bulk of goods involved in foreign trade?

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A Cargo planes
B Cargo liners
C Tramp vessels
D Steam ship
E Tankers

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Question 510:

A stock exchange is a market for?

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A Old stocks of goods'
B Capital goods only
C Raising new shares
D Existing shares of quoted companies
E Shares of unquoted companies

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