WAEC Past Questions and Answers - Page 423

2,111.

Which of the following is an example of a commercial occupation?

A.

Wrestling

B.

Welding

C.

Shipping

D.

Brick laying

E.

Tailoring

Correct answer is C

No explanation has been provided for this answer.

2,112.

An establishment that specializes in taking care of risks is called?

A.

a hire-purchase company

B.

an accepting house

C.

an insurance company

D.

a finance company

E.

a confirming house

Correct answer is C

No explanation has been provided for this answer.

2,113.

Which of the following ideas was uppermost in the mind of Hosea during his prophesy?

A.

God’s everlasting kindness and mercy for man

B.

The ultimate return of Israel to the Lord

C.

God’s punishment for erring Israel

D.

God’s love for Israel

E.

God’s contention with Israel for their infidelity

Correct answer is D

No explanation has been provided for this answer.

2,114.

An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?

A.

a chamber of commerce

B.

a customs union

C.

an amalgamation

D.

a cartel

E.

a combination

Correct answer is D

No explanation has been provided for this answer.

2,115.

The most acceptance and convenient means of payment in foreign trade is?

A.

letter of credit

B.

bank-draft

C.

telegraphic money order

D.

promissory note

E.

bill of exchange

Correct answer is A

No explanation has been provided for this answer.