Waec Commerce 1994 Past Questions and Answers

Question 71:

• WAEC 1994

Which of the following is not a branch of Commerce?

A. Insurance
B. Warehousing
C. Trade
D. Transport
E. Computerisation

Question 72:

• WAEC 1994

Which of the following is not a negotiable instrument?

A. Share cerficate
B. Cheque
C. Bill of Exchange
D. Dividend warrant
E. Debenture

Question 73:

• WAEC 1994

Those involved in obtaining the gifts of nature from land and sea are engaged in?

A. Extractive occupation
B. Manufacturing occupation
C. Constructive occupation
D. Commercial occupation
E. Direct services

Question 74:

• WAEC 1994

(a) What is Credit?
(b) Explain three ways by which banks grant credit to customers.
(c) Give two advantages and three disadvantages of credit sales.

Question 75:

• WAEC 1994

Explain any five ways in which nationalised industries differ from public limited companies.