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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce 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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Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
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Warehousing: Types, functions
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Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
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Roles of Customs, Excise, Ports Authority
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Documents: Enquiry, quotation, invoice, bill of lading, etc.
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Agency, Sale of Goods Act, Hire Purchase Act
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ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
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Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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1171
The function of commerce in production is that it?
A.
helps in the extraction of raw materials
B.
provides a link between the different arms of production
C.
is the only branch that satisfies wants
D.
yields result
E.
changes raw materials to finished goods
View Answer & Discuss
WAEC 1993
1172
Which of the following is not a basic want of man?
A.
Transport
B.
Food
C.
Water
D.
Clothing
E.
Shelter
View Answer & Discuss
WAEC 1993
1173
Which of the following comes last in the chain of distribution? The
A.
consumer
B.
manufacturer
C.
retailer
D.
wholesaler
E.
agent
View Answer & Discuss
WAEC 1993
1174
Which of the following is not an aid to trade?
A.
Transport
B.
Production
C.
Banking
D.
Insurance
E.
Warehouse
View Answer & Discuss
WAEC 1993
1175
Trade can be described as?
A.
purchase of goods and services
B.
production of goods
C.
buying and selling
D.
distribution of goods
E.
storage of goods
View Answer & Discuss
WAEC 1993
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