Waec Commerce Past Questions and Answers

Question 241:

• WAEC 1991

Workers involved in mining, quarrying or fishing are engaged in?

A. Secondary production
B. Primary production
C. Tertiary production
D. The manufacturing industry
E. The construction industry

Question 242:

• WAEC 1991

Which of the following is not a method of trade restriction?

A. Exchange control
B. Stock exchange
C. Import licence
D. Embargo
E. Quota

Question 243:

• WAEC 1991

When a customer writes a cheque to withdraw cash from his current account, he is both the?

A. Drawer and the Payee
B. Drawee and the Payee
C. Drawer and the Debtor
D. Drawer and the Creditor
E. Drawee and the Debtor

Question 244:

• WAEC 1991

The technique of controlling money supply through the purchase and sale of government bond is called?

A. Bond control technique
B. Exchange control technique
C. Open market operations
D. Price control mechanism
E. Span of control technique

Question 245:

• WAEC 1991

The insurance cover on property being shipped from one location to another comes under?

A. Burglary insurance
B. Fire insurance
C. Marine insurance
D. Annuity insurance
E. Comprehensive automobile insurance