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Commerce 2005 WAEC Past Questions

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26

Which of the following encourages trade between regions?

  • A. Differences in currencies of countries
  • B. Difference in national income of countries
  • C. Existence of trade associations
  • D. Differences in natural resources
View Answer & Discuss (7) WAEC 2005
27
Which of the following is not suitable for fire purchase?
  • A. Textiles
  • B. Furniture
  • C. Refrigerators
  • D. Printing machine
View Answer & Discuss WAEC 2005
28
The form of trade practiced by the early men was characterized by
  • A. exchange of goods for money
  • B. efficient distribution system
  • C. exchange of goods for goods
  • D. organized warehousing
View Answer & Discuss (4) WAEC 2005
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29
Which of the following is an advantage of indigenization ?
  • A. Checks exploitation by citizens
  • B. Business risks are shared
  • C. Fosters self-reliance
  • D. Leads to monopoly of power
View Answer & Discuss (1) WAEC 2005
30
Farming is an activity that falls under?
  • A. tertiary occupation
  • B. commercial occupation
  • C. extractive occupation
  • D. secondary occupation
View Answer & Discuss WAEC 2005
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