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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 561:
Which of the following encourages free trade among member nations?
  • A LMF
  • B UNO
  • C WHO
  • D OAU
  • E EEC
View Answer & Explanation
Question 562:
Which ofthe following refers to the practice ofimporting forre-export?
  • A Counter trade
  • B Dumping
  • C Entrepot trade
  • D Forward trading
  • E Bilateral trade
View Answer & Explanation
Question 563:
Firms merge in order to?
  • A Discourage the employment of specialists
  • B Encourage competition
  • C Discourage the use of each other’s bye-products
  • D Create a monopoly
  • E Decrease the size of the business
View Answer & Explanation
Question 564:
Firms merge in order to?
  • A Discourage the employment of specialists
  • B Encourage competition
  • C Discourage the use of each other’s bye-products
  • D Create a monopoly
  • E Decrease the size of the business
View Answer & Explanation
Question 565:
Which of the following is responsible for carrying oiut the monetary policy of a country?
  • A The Ministry of Finance
  • B International Monetary Fund
  • C Internal Revenue Board
  • D The Central Bank
  • E The World Bank
View Answer & Explanation