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Commerce 1997 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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6
Commerce developed as a result of
  • A. speculation
  • B. competition
  • C. specialization
  • D. importation
  • E. exportation
View Answer & Discuss WAEC 1997
7
An overdraft can only be granted to the holder of a
  • A. fixed deposit
  • B. savings deposit
  • C. loan account
  • D. current account
  • E. deposit account
View Answer & Discuss WAEC 1997
8
Which of the following is not a source of capital to a partnership?
  • A. Buying on credit
  • B. Ploughed back profit
  • C. Borrowing
  • D. Shares
  • E. Personal savings
View Answer & Discuss WAEC 1997
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9
Which of the following functions of the wholesaler helps to stabilize prices
  • A. Financing
  • B. Advice to retailers
  • C. Provision of credit
  • D. Advertising
  • E. Warehousing
View Answer & Discuss WAEC 1997
10
The rebate given to the retailer by the wholesaler to enable him make profit is known as
  • A. commission
  • B. mark-up
  • C. trade discount
  • D. cash discount
  • E. credit guarantee
View Answer & Discuss WAEC 1997
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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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