Waec Commerce 2012 Past Questions and Answers

Question 6:

• WAEC 2012

Which of the following is an example of large-scale retailing?

A. Hawking
B. Mobile shops
C. Kiosks
D. Department stores

Question 7:

• WAEC 2012

A cheque drawn by a bank on itself is a/an

A. Direct debit
B. Bank draft
C. Bank transfer
D. Overdraft

Question 8:

• WAEC 2012

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

A. Trade association
B. Trade union
C. Chamber of commerce
D. Trading partnership

Question 9:

• WAEC 2012

Those who are engaged in the distribution of goods belong to

A. Commercial occupation
B. Extractive industry
C. Manufacturing industry
D. Construction industry

Question 10:

• WAEC 2012

When an insurance policy is declared void because of a false declaration ; the principle involved is

A. Indemnity
B. Subrogation
C. Proximate cause
D. Utmost good faith