Waec Commerce Past Questions and Answers

Question 191:

• WAEC 1990

Which of the following arguments are in favour of establishing ECOWAS? I. The countries concerned would be able to expand market beyound their territorial boundaries.
II. Currency union is the final objective of member countries
III. Capital movement is not allowed across the boundaries
IV. Free movement across the borders of members would be allowed.

A. I, II & III only
B. II & IV only
C. I, II & IV only
D. II & III only
E. I & III only

Question 192:

• WAEC 1990

Which of the following countries is not a member of ECOWAS?

A. Nigeria
B. Gambia
C. Sierra-Leone
D. Ghana
E. Cameroun

Question 193:

• WAEC 1990

The major dealers on stock exchange market are the?

A. Authorized clerks
B. Jobbers
C. Investors
D. Brokers
E. Underwriters

Question 194:

• WAEC 1990

The selection and promotion of staff in an organization is the function of the?

A. Marketing department
B. Finance department
C. Personnel department
D. Production department
E. Public relations department

Question 195:

• WAEC 1990

A trade document signed by a representative of the country to which goods are being sent is called?

A. Export invoice
B. Consignment note
C. Certificate of origin
D. Pro-forma invoice
E. Consular invoice