Waec Commerce 1990 Past Questions and Answers

Question 1:

• WAEC 1990

Paper money originated in form of receipt given by?

A. Money lenders
B. Goldsmiths
C. Bankers
D. Traders
E. Thrift societies

Question 2:

• WAEC 1990

Paper money originated in form of receipt given by?

A. Money lenders
B. Goldsmiths
C. Bankers
D. Traders
E. Thrift societies

Question 3:

• WAEC 1990

The major divisions of Commerce are?

A. Import, export and transport
B. Trade, communication and warehousing
C. Trade and auxiliaries to trade
D. Exchange, consumption and production
E. Import, trade and production

Question 4:

• WAEC 1990

Which of the following statements is not true?

A. Commercial services are the life's blood of a country's economic system
B. There cannot occur commercial services unitl goods have been produced
C. Without commercial services must goods and services will not produced
D. There is no stage of production that does not employ commercial services
E. Commercial services add to the value of a product

Question 5:

• WAEC 1990

The three main division of production include industrial?

A. Commercial banking services
B. Commercial and services
C. Transportation and services
D. Manufacturing and services
E. Banking and services