WAEC Commerce Past Questions & Answers - Page 226

1,126.

Which of the following is not a branch of commerce?

A.

Trade

B.

Transport

C.

Warehousing

D.

Production

E.

Banking

Correct answer is D

No explanation has been provided for this answer.

1,127.

Which of the following indicates the manufacturer from whom goods are to be bought?

A.

Open indent

B.

Closed indent

C.

Consignment note

D.

Export invoice

E.

Certificate of origin

Correct answer is B

No explanation has been provided for this answer.

1,128.

Which of the following is responsible for carrying oiut the monetary policy of a country?

A.

The Ministry of Finance

B.

international Monetary Fund

C.

Internal Revenue Board

D.

The Central Bank

E.

The World Bank

Correct answer is D

No explanation has been provided for this answer.

1,129.

Firms merge in order to?

A.

discourage the employment of specialists

B.

encourage competition

C.

discourage the use of each other’s bye-products

D.

create a monopoly

E.

decrease the size of the business

Correct answer is D

No explanation has been provided for this answer.

1,130.

Which of the following refers to the practice ofimporting forre-export?

A.

Counter trade

B.

Dumping

C.

Entrepot trade

D.

Forward trading

E.

Bilateral trade

Correct answer is C

No explanation has been provided for this answer.