Waec Commerce 1993 Past Questions and Answers

Question 21:

• WAEC 1993

Which of the following statements is not true?

A. Government does not nationalize businesses owned by its citizens
B. Government nationalizes foreign business
C. Government does not give nationalized industries to private owners
D. Government nationalizes viable business
E. Public corporation are owned by the government

Question 22:

• WAEC 1993

When an industry is nationalized, ownership belongs to the?

A. Shareholders
B. Government
C. Tax payers
D. Indigenes
E. Foreigners

Question 23:

• WAEC 1993

One of the main problems of nationalization is that?

A. Nationals ,may not welcome the change of ownership
B. Foreigners are not able to control the economy
C. Repatriation of profit is increased
D. There may be capital flight
E. There will be adverse balance of payment

Question 24:

• WAEC 1993

The process of selling government business to the public is known as?

A. Naturalization
B. Nationalization
C. Privatization
D. Commercialization
E. Indigenization

Question 25:

• WAEC 1993

The handling of telephone and telex services is done by?

A. NITEL
B. NIPOST
C. COURIER
D. NEC
E. NECA