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Commerce 2014 WAEC Past Questions

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26
In insurance, risks that have no statistics for their calculations are
  • A. insurable risks
  • B. certain risks
  • C. un-insurable risks
  • D. uncertain risks
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27
The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as
  • A. entrepot trade
  • B. dumping
  • C. hedging
  • D. counter trade
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28
The entertainment industry is classified under
  • A. extractive industry
  • B. manufacturing industry
  • C. constructive industry
  • D. commercial industry
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29
Buying on impulse is encouraged by
  • A. co-operative shops
  • B. hawkers
  • C. supermarket
  • D. mail order firms
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30
A fixed deposit account is beneficial to its holders because
  • A. cheques can be issued to settle huge debts
  • B. customers can become shareholders of the bank
  • C. it attracts higher interest rate
  • D. it allows customers overdraw their accounts
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