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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 341:

Which of the following is not a reason for forming a customer association?

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A Protection against poor quality goods
B Protection against unscrupulous salesmen
C Improving the quality of goods to consumers
D Improving the quality of services to shoppers
E Making profit for consumers

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Question 342:

The main similarity between commercial banks and other financial institution is?

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A The acceptance of customers' deposit and making on their behalf
B Financing of balance of payment deficits
C Creating and destroying money
D Giving credits to individuals or organizations
E Giving night safe facilities

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Question 343:

Ware house are located in Lagos because of?

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A Availability of wholesale
B Even development
C Nearness to sea and airports
D The need to check smuggling
E The need to create additional cost of production

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Question 344:

A speculator who buys shares and stocks in anticipating of a rise in their price at the stock Exchange is a?

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A Bull
B Bear
C Broker
D Jobber
E Stag

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Question 345:

A del credere agents is distinguished from other agent in that he?

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A Is a partner in a trading fim
B Works for his principal on commission basis
C Is a middle man in a transaction involving two or more people
D Usually guarantees payments in any transcaction
E Is a dealer on the stock exchange

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