Waec Commerce 1993 Past Questions and Answers

Question 1:

• WAEC 1993

The function of commerce in production is that it?

A. Helps in the extraction of raw materials
B. Provides a link between the different arms of production
C. Is the only branch that satisfies wants
D. Yields result
E. Changes raw materials to finished goods

Question 2:

• WAEC 1993

The function of commerce in production is that it?

A. Helps in the extraction of raw materials
B. Provides a link between the different arms of production
C. Is the only branch that satisfies wants
D. Yields result
E. Changes raw materials to finished goods

Question 3:

• WAEC 1993

Which of the following is not a basic want of man?

A. Transport
B. Food
C. Water
D. Clothing
E. Shelter

Question 4:

• WAEC 1993

Which of the following comes last in the chain of distribution? The

A. Consumer
B. Manufacturer
C. Retailer
D. Wholesaler
E. Agent

Question 5:

• WAEC 1993

Which of the following is not an aid to trade?

A. Transport
B. Production
C. Banking
D. Insurance
E. Warehouse