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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 636:

Industrial, commercial and direct services are branches of

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A Manufacturing
B Occupation
C Exchange
D Distribution
E Specialization

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Question 637:

The primary purpose of credit cards is to

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A Obtain goods without paying cash on the spot
B Obtain a loan from the bank
C Obtain a loan from a trader
D Persuade a business man to cash a cheque
E Provide a means of identifyng the holder

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Question 638:

Containers are suitable for transporting goods by

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A Sea only
B Road only
C Sea and rail only
D Road and sea only
E Road, sea and rail

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Question 639:

Which of the following is not a credit instrument used in business transactions?

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A Luncheon voucher
B Bill of exchange
C Promissory note
D Bank note
E Fuel voucher

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Question 640:

An insurance company shares its accepted risk with others in the form of

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A Reinsurance
B Subrogation
C Mutual insurance
D Fidelity guarantee insurance
E Contribution

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