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Commerce 1993 WAEC Past Questions

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6
A system in which people provide their own needs directly is known as?
  • A. sub-standard economy
  • B. subsistence economy
  • C. mixed economy
  • D. monetized economy
  • E. specialized economy
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7
Which of the following is not a branch of production?
  • A. Consumption
  • B. Extraction
  • C. Manufacturing
  • D. Distribution
  • E. Direct services
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8
In which class of occupation would doctors, teachers and entertainers be grouped?
  • A. Extraction
  • B. Industrial
  • C. Direct Service
  • D. Commercial
  • E. Industrial Service
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9
Department stores are usually located?
  • A. where low income earners live
  • B. In suburban towns
  • C. at city centres
  • D. in low rental areas
  • E. In areas free from traffic jam
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10
Which of the following statements is true of the manufacturing industry?
  • A. The factors of production cannot move to other occupations
  • B. It is involved in changing raw materials to finished goods
  • C. Its product cannot be distributed to consumers
  • D. It doesn't not benefit from the services of direct labour
  • E. The workers are unskilled
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