Commerce Past Questions And Answers
Terms of trade is the?
- A. rate at which the central bank discounts first class bills
- B. rate at which a country's exports exchange for its imports
- C. expected rate of returns on an investment
- D. rate of payment for goods and services purchased
A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?
- A. joint partnership
- B. cooperative
- C. corperation
- D. joint venture
Any activity directed at conveying commodities to buyers is an aspect of
- A. delivering
- B. advertising
- C. selling
- D. marketing
The effects of devaluation includes all except
- A. expansion of local industries
- B. increase in import
- C. increase in standard of living
- D. exports become cheaper
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
- A. Central Bank
- B. Association of Commercial Banks
- C. Securities and Exchange Commission (SEC)
- D. Nigerian Association of Chambers of Commerce
The device which interprets and carries out the instructions presented to it by the computer program is known as?
- A. software
- B. microprocessor
- C. mouse
- D. hard-disk
When the balance of trade is unfavourable which of the following conditions prevails?
- A. Exports exceed imports
- B. Imports exceed exports
- C. Customs duty is high
- D. lnvisible exports exceed visible imports
A trade association consists of members engaged in the same trade while a chamber of commerce is?
- A. highly regulated by a governent agency
- B. not restricted on a particular industry
- C. made up of members that are registered
- D. made up of firms in the banking industry
(a)Explain five reasons why consumers need protection.
(b) State five government legislation aimed at consumer protection.
View Discussion (0)WAEC 1999 THEORYOne of the advantages of air transport over other forms of transport is
- A. safety
- B. flexibility
- C. cost
- D. speed