Waec Commerce 2019 Past Questions and Answers

Question 1:

• WAEC 2019

Paper money originated in form of receipt given by?

A. Money lenders
B. Goldsmiths
C. Bankers
D. Traders
E. Thrift societies

Question 2:

• WAEC 2019

Paper money originated in form of receipt given by?

A. Money lenders
B. Goldsmiths
C. Bankers
D. Traders
E. Thrift societies

Question 3:

• WAEC 2019

An insurance broker is involved in?

A. Manufacturing occupation
B. Distributive occupation
C. Commercial occupation
D. Extractive occupation
E. Constructive occupation

Question 4:

• WAEC 2019

The process of buying and selling and distribution of goods and services is known as?

A. Retail trade
B. Commerce
C. Marketing concept
D. Marketing mix
E. Wholesale trade

Question 5:

• WAEC 2019

The practice of employing specialists in relevant occupation is a feature of?

A. Subsistence economy
B. Mobility of labour
C. Mixed economy
D. Exchange economy
E. Division of labour