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Commerce
WAEC 1995
Commerce 1995 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
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Trade Associations and Economic Groups
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Trade - Home Trade
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Balance of trade/payment, terms of trade
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Legal Aspects of Business
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Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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31
Selling a bill in less than the face of the value for immediate cash before the due date is to?
A.
retire the bill
B.
honour the bill
C.
discount the bill
D.
protest the bill
E.
withdraw the bill
View Answer & Discuss
WAEC 1995
32
Which of the following is a non- indemnity insurance?
A.
Marine
B.
Life
C.
Fire
D.
Bad debts
E.
Burglary
View Answer & Discuss
WAEC 1995
33
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
A.
Central Bank
B.
Association of Commercial Banks
C.
Securities and Exchange Commission (SEC)
D.
Nigerian Association of Chambers of Commerce
E.
Brokers and Jobbers
View Answer & Discuss
WAEC 1995
34
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
A.
Central Bank
B.
Association of Commercial Banks
C.
Securities and Exchange Commission (SEC)
D.
Nigerian Association of Chambers of Commerce
E.
Brokers and Jobbers
View Answer & Discuss
WAEC 1995
35
A cheque drawn by a bank on itself is a?
A.
credit transfer
B.
direct debt
C.
certified cheque
D.
bankdraft
View Answer & Discuss
WAEC 1995
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