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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 251:

A service provided by NITEL through which one can dial any number one wants whether it is a local, trunk or overseas is called the?

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A Internal Communication System
B Standard Dialling System
C Subscribers Dialling System
D International Telecommunications
E Coded Dialling Order

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Question 252:

The two main categories of marine losses are?

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A Total loss and partial loss
B Total loss and particular average loss
C Total loss and constructive total loss
D Total loss and actual total loss
E Partial loss and constructive total loss

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Question 253:

Restoring the insured to his former position by the insurer in the event of his suffering the specified loss is called?

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A Subrogation
B Compensation
C Indemnity
D Contribution
E Surrender value

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Question 254:

The manufacturer would by-pass the wholesaler and the retailer in the distribution of his products if the?

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A Demand is widespread
B Wholesaler and retailer lack office accomodation
C Volume of production is high
D The product make-up and use are highly technical
E Manufacturer has no warehouse

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Question 255:

Which of the following is statutorily responsible for providing information and incentives required to increase the volume of Made-in-Nigeria goods in foreign markets?

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A Association of Nigeria Exports
B Nigeria Export Promotion Council(NEPC)
C General Agreement onTariffs and Trade(GATT)
D Association of Nigeria Importers
E Manufacturers Association of Nigeria

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