Waec Commerce 1998 Past Questions and Answers

Question 6:

• WAEC 1998

Who among the following is not engaged in a commercial occupation

A. A stock brocker
B. An engineer
C. A banker
D. A common carrier
E. An advertising agent

Question 7:

• WAEC 1998

On which of the following grounds may a company be compulsorily wound up?

A. The company is making abnormal profits
B. It did not declare dividends every year
C. Its products compete with that of a government company
D. It fails to commence business within a year of its incorporation
E. It fails to make profit within a year of its incorporation

Question 8:

• WAEC 1998

The management and control of co-operative societies are in the hands of the

A. Contributors
B. Board of Directors
C. Committee
D. Financial controller
E. Registrar

Question 9:

• WAEC 1998

Key industries and those requiring huge capital are usually established as

A. Public corporations
B. Public limited companies
C. Private limited companies
D. Holding companies
E. Partnerships

Question 10:

• WAEC 1998

Movement of commercial vehicles in Nigeria is controlled by the

A. Nigerian Ports Authority
B. National Association of Road Transport Workers
C. Federal Ministry of Transport
D. Nigerian Customs Authority
E. Nigerian Airports Authority