Waec Commerce Past Questions and Answers

Question 1:

• WAEC 1989

An insurance broker is involved in?

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

Question 2:

• WAEC 1989

An insurance broker is involved in?

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

Question 3:

• WAEC 1989

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 4:

• WAEC 1989

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

Question 5:

• WAEC 1989

Which of the following convert raw materials into finished goods?

A. Extractive industry
B. Manufacturing
C. Commercial occupation
D. Constructive industry
E. Tertiary industry