Waec Commerce 2007 Past Questions and Answers

Question 1:

• WAEC 2007

Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?

A. Pounds and shillings
B. Copper manillas
C. Iron bars
D. Cowries

Question 2:

• WAEC 2007

Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?

A. Pounds and shillings
B. Copper manillas
C. Iron bars
D. Cowries

Question 3:

• WAEC 2007

The ancillary to trade which ensures that people gain access to facts pertaining to goods is

A. Insurance
B. Advertising
C. Warehousing
D. Banking

Question 4:

• WAEC 2007

Which of the following is classified as an extractive industry ?

A. Digging for minerals
B. Digging for roads building
C. Canning of Tomatoe puree
D. Assembling of cars

Question 5:

• WAEC 2007

Who among the following does not render direct service?

A. Teachers
B. Musicians
C. Doctors
D. Retailers