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Commerce 1991 WAEC Past Questions

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31
Which of the following is a feature of Co-operative Societies?
  • A. Each member has several votes during meetings
  • B. Profits are shared on the basis of shares held
  • C. All members have equal votes during meetings
  • D. Members are not involved in running the business
  • E. The welfare of members is not taken into consideration
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32
Workers involved in mining, quarrying or fishing are engaged in?
  • A. Secondary production
  • B. Primary production
  • C. Tertiary production
  • D. The manufacturing industry
  • E. The construction industry
View Answer & Discuss WAEC 1991
33
Which of the following is not a method of trade restriction?
  • A. Exchange control
  • B. Stock exchange
  • C. Import licence
  • D. Embargo
  • E. Quota
View Answer & Discuss WAEC 1991
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34
When a customer writes a cheque to withdraw cash from his current account, he is both the?
  • A. Drawer and the Payee
  • B. Drawee and the Payee
  • C. Drawer and the Debtor
  • D. Drawer and the Creditor
  • E. Drawee and the Debtor
View Answer & Discuss WAEC 1991
35
The technique of controlling money supply through the purchase and sale of government bond is called?
  • A. Bond control technique
  • B. Exchange control technique
  • C. Open market operations
  • D. Price control mechanism
  • E. Span of control technique
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