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Commerce 1992 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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16
A trade agreement in which two countries exchange goods and services is known as?
  • A. export trade
  • B. bilateral trade
  • C. multilateral trade
  • D. entrepot trade
  • E. barter trade
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17
A term embracing buying, selling and distributing of goods and services is known as?
  • A. wholesale trade
  • B. retail trade
  • C. commerce
  • D. market mix
  • E. marketing concept
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18
UTC, kingsway Stores and Leventis Stores are typical examples of?
  • A. Telephone
  • B. Recorded delivery
  • C. Telex
  • D. Express mail
  • E. Bill of lading
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19
Which of the following is not a reason for forming a customer association?
  • A. Protection against poor quality goods
  • B. Protection against unscrupulous salesmen
  • C. Improving the quality of goods to consumers
  • D. Improving the quality of services to shoppers
  • E. Making profit for consumers
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20
The main similarity between commercial banks and other financial institution is?
  • A. the acceptance of customers' deposit and making on their behalf
  • B. financing of balance of payment deficits
  • C. creating and destroying money
  • D. giving credits to individuals or organizations
  • E. giving night safe facilities
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