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Commerce 1993 WAEC Past Questions

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21
When an industry is nationalized, ownership belongs to the?
  • A. shareholders
  • B. government
  • C. tax payers
  • D. indigenes
  • E. foreigners
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22
One of the main problems of nationalization is that?
  • A. nationals ,may not welcome the change of ownership
  • B. foreigners are not able to control the economy
  • C. repatriation of profit is increased
  • D. there may be capital flight
  • E. there will be adverse balance of payment
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23
The process of selling government business to the public is known as?
  • A. naturalization
  • B. nationalization
  • C. privatization
  • D. commercialization
  • E. indigenization
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24
The handling of telephone and telex services is done by?
  • A. NITEL
  • B. NIPOST
  • C. COURIER
  • D. NEC
  • E. NECA
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25
A post office service which provides an alternative to delivery of mails by a postman is the?
  • A. Post Office Box
  • B. Postcode
  • C. Business Reply Service
  • D. Post Office guide
  • E. Prepaid Post
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