Search SchoolNGR

Thursday, 12 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 821:
To which of the following occupations does a broker belong?
  • A Extractive
  • B Manufacturing
  • C Commercial
  • D Constructive
  • E Direct services
View Answer & Explanation
Question 822:
When firms that operate at different stages in the production of a commodity merge, this is known as
  • A Horizontal intergration
  • B Vertical intergration
  • C Absorption
  • D Conglomerate
  • E Cartel
View Answer & Explanation
Question 823:
The document which gives the current price and terms of trade of a product is called?
  • A A letter of credit
  • B An invoice
  • C An advice note
  • D A consignment note
  • E An order form
View Answer & Explanation
Question 824:
Which of the following is not a function of merchant banks?
  • A Granting long term loans
  • B Advising corporate institutions
  • C Underwriting shares
  • D Discounting bills
  • E Printing new bank notes
View Answer & Explanation
Question 825:
A restriction on the quantity of a commodity that could be imported is known as
  • A Licence
  • B Price control
  • C Quota
  • D Tariff
  • E Ban
View Answer & Explanation