Commerce 1993 Waec Past Questions and Answers

Question 6 :

• WAEC 1993

Trade can be described as?

A. Purchase of goods and services
B. Production of goods
C. Buying and selling
D. Distribution of goods
E. Storage of goods

Question 7 :

• WAEC 1993

A system in which people provide their own needs directly is known as?

A. Sub-standard economy
B. Subsistence economy
C. Mixed economy
D. Monetized economy
E. Specialized economy

Question 8 :

• WAEC 1993

Which of the following is not a branch of production?

A. Consumption
B. Extraction
C. Manufacturing
D. Distribution
E. Direct services

Question 9 :

• WAEC 1993

In which class of occupation would doctors, teachers and entertainers be grouped?

A. Extraction
B. Industrial
C. Direct Service
D. Commercial
E. Industrial Service

Question 10 :

• WAEC 1993

Department stores are usually located?

A. Where low income earners live
B. In suburban towns
C. At city centres
D. In low rental areas
E. In areas free from traffic jam