Commerce 1991 Waec Past Questions and Answers

Question 1 :

• WAEC 1991

Which of the following is a commercial service?

A. Transporting
B. Garri processing
C. Oil drilling
D. Lumbering
E. Tailoring

Question 2 :

• WAEC 1991

Which of the following is a commercial service?

A. Transporting
B. Garri processing
C. Oil drilling
D. Lumbering
E. Tailoring

Question 3 :

• WAEC 1991

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

Question 4 :

• WAEC 1991

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

Question 5 :

• WAEC 1991

The sole purpose of production is?

A. Employment
B. Promotion
C. Consumption
D. Competition
E. Enterprising