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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 211:
The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?
  • A Decentralization
  • B Diversification
  • C Commercialization
  • D Specialization
  • E Rationalization
View Answer & Explanation
Question 212:
The major divisions of commerce are?
  • A Import, export and banking
  • B Home trade and foreign trade
  • C Trade and aids to trade
  • D Exchange, consumption and production
  • E Trade and banking
View Answer & Explanation
Question 213:
The sole purpose of production is?
  • A Employment
  • B Promotion
  • C Consumption
  • D Competition
  • E Enterprising
View Answer & Explanation
Question 214:
Commerce developed as a result of?
  • A Speculation
  • B Competition
  • C Specialization
  • D Importation
  • E Exportation
View Answer & Explanation
Question 215:
Which of the following is concerned with obtaining raw materials from their natural locations?
  • A Extractive industry
  • B Manufacturing industry
  • C Construction industry
  • D Transport industry
  • E Engineering industry
View Answer & Explanation