Waec Commerce Past Questions and Answers

Question 21:

• WAEC 1989

Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?

A. Trade union
B. Co-operative societies
C. Trade association
D. Chamber of commerce
E. Manufacturers association

Question 22:

• WAEC 1989

The powers of attorney that transfers to a third party the shareholders right to vote is called?

A. Warrant
B. Shareholder's benefit
C. Proxy
D. Bond
E. Rights issue

Question 23:

• WAEC 1989

The means by which printed messages sent by cable are recorded is called?

A. Telegram
B. Poste restante
C. Telecommunication
D. Telephone
E. Telex services

Question 24:

• WAEC 1989

In which of the following would you advise Mr X Y to check and con firm the exact telephone number of a bank located in Ibadan?

A. Post Office Guide
B. Official Gazette
C. Travellers' guide
D. Private Branch Exchange
E. Telephone directory

Question 25:

• WAEC 1989

Which of the following is a function of NIPOST?

A. Issuing money order
B. Issuing dividend warrants
C. Issuing Travllers cheques
D. Minting coins
E. Printing trade journals