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Commerce 1990 WAEC Past Questions

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1
Paper money originated in form of receipt given by?
  • A. money lenders
  • B. goldsmiths
  • C. bankers
  • D. traders
  • E. thrift societies
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2
The major divisions of Commerce are?
  • A. import, export and transport
  • B. trade, communication and warehousing
  • C. trade and auxiliaries to trade
  • D. exchange, consumption and production
  • E. import, trade and production
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3
Which of the following statements is not true?
  • A. Commercial services are the life's blood of a country's economic system
  • B. There cannot occur commercial services unitl goods have been produced
  • C. Without commercial services must goods and services will not produced
  • D. There is no stage of production that does not employ commercial services
  • E. Commercial services add to the value of a product
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4
The three main division of production include industrial?
  • A. commercial banking services
  • B. commercial and services
  • C. transportation and services
  • D. manufacturing and services
  • E. banking and services
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5
Which of the following does not belong to the industry?
  • A. Farming
  • B. Insuring
  • C. Mining
  • D. Drilling
  • E. Fishing
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