Waec Commerce Past Questions and Answers

Question 41:

• WAEC 1989

Buying and selling of goods and services within the geographical areas of a country is called?

A. Enterpot trade
B. External trade
C. Domestic trade
D. Regional trade
E. Import trade

Question 42:

• WAEC 1989

Which of the following is not an obligation of a common carrier?

A. Carrying goods securely and safely
B. Liability for losses and demages
C. Delivery of goods at appropriate places
D. Insuring goods intransit
E. Passing through agreed routes

Question 43:

• WAEC 1989

Which of the following conditions may make the manufacturer sell directly to the consumer?

A. Brake in communication
B. Inaccessibility of the wholesaler's warehouse
C. The nature of the commodity involved
D. Inadequate transport facility
E. Trade imbalance

Question 44:

• WAEC 1989

The three main types of speculators found in the Stock Exchange market are?

A. Stags, brokers, and bulls
B. Bulls, bears, and stag
C. Bears, jobbers and jobbers
D. Bulls, brokers and bears
E. Stags, agents and jobbers

Question 45:

• WAEC 1989

Which of the following is a disadvantage of Hire Purchase to the consumer?

A. Its increases turnover
B. Temptation to buy more than one can pay for
C. It demands more capitals from the seller
D. Increased sales lower the seller's units cost