WAEC Commerce Past Questions & Answers - Page 137

681.

Who among the following is not engaged in a commercial occupation

A.

a stock brocker

B.

an engineer

C.

a banker

D.

a common carrier

E.

an advertising agent

Correct answer is B

No explanation has been provided for this answer.

682.

The two main branches of trade are

A.

commerce and aids to trade

B.

home and foreign trade

C.

foreign and entreport trade

D.

whole sale and retail trade

E.

visible and invisible trade

Correct answer is B

No explanation has been provided for this answer.

683.

Commerce is concerned mainly with the

A.

production of goods and services

B.

distribution of goods and services

C.

consumption of goods and services

D.

storing of goods

E.

advertising of goods

Correct answer is B

No explanation has been provided for this answer.

684.

When a bill of exchange is signed by a debtor, it is said to be

A.

accepted

B.

negotiated

C.

honoured

D.

protested

E.

accomodated

Correct answer is A

No explanation has been provided for this answer.

685.

The payment made to the insured for loss incurred is

A.

premium

B.

indemnity

C.

ex gratia payment

D.

surrender value

E.

interest

Correct answer is B

No explanation has been provided for this answer.