Waec Commerce Past Questions and Answers

Question 561:

• WAEC 1994

Which of the following encourages free trade among member nations?

A. LMF
B. UNO
C. WHO
D. OAU
E. EEC

Question 562:

• WAEC 1994

Which ofthe following refers to the practice ofimporting forre-export?

A. Counter trade
B. Dumping
C. Entrepot trade
D. Forward trading
E. Bilateral trade

Question 563:

• WAEC 1994

Firms merge in order to?

A. Discourage the employment of specialists
B. Encourage competition
C. Discourage the use of each other’s bye-products
D. Create a monopoly
E. Decrease the size of the business

Question 564:

• WAEC 1994

Firms merge in order to?

A. Discourage the employment of specialists
B. Encourage competition
C. Discourage the use of each other’s bye-products
D. Create a monopoly
E. Decrease the size of the business

Question 565:

• WAEC 1994

Which of the following is responsible for carrying oiut the monetary policy of a country?

A. The Ministry of Finance
B. International Monetary Fund
C. Internal Revenue Board
D. The Central Bank
E. The World Bank