Waec Commerce Past Questions and Answers

Question 1921:

• WAEC 2014

In insurance, risks that have no statistics for their calculations are

A. Insurable risks
B. Certain risks
C. Un-insurable risks
D. Uncertain risks

Question 1922:

• WAEC 2014

The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as

A. Entrepot trade
B. Dumping
C. Hedging
D. Counter trade

Question 1923:

• WAEC 2014

The entertainment industry is classified under

A. Extractive industry
B. Manufacturing industry
C. Constructive industry
D. Commercial industry

Question 1924:

• WAEC 2014

Buying on impulse is encouraged by

A. Co-operative shops
B. Hawkers
C. Supermarket
D. Mail order firms

Question 1925:

• WAEC 2014

A fixed deposit account is beneficial to its holders because

A. Cheques can be issued to settle huge debts
B. Customers can become shareholders of the bank
C. It attracts higher interest rate
D. It allows customers overdraw their accounts