Waec Commerce Past Questions and Answers

Question 506:

• WAEC 1994

An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?

A. A chamber of commerce
B. A customs union
C. An amalgamation
D. A cartel
E. A combination

Question 507:

• WAEC 1994

An establishment that specializes in taking care of risks is called?

A. A hire-purchase company
B. An accepting house
C. An insurance company
D. A finance company
E. A confirming house

Question 508:

• WAEC 1994

Which of the following is an example of a commercial occupation?

A. Wrestling
B. Welding
C. Shipping
D. Brick laying
E. Tailoring

Question 509:

• WAEC 1994

Which of the following carries the bulk of goods involved in foreign trade?

A. Cargo planes
B. Cargo liners
C. Tramp vessels
D. Steam ship
E. Tankers

Question 510:

• WAEC 1994

A stock exchange is a market for?

A. Old stocks of goods'
B. Capital goods only
C. Raising new shares
D. Existing shares of quoted companies
E. Shares of unquoted companies