1991 WAEC Commerce past questions and answers

JAMB CBT App

Study offline with EduNgr JAMB CBT app that has so many features, including thousands of past questions, JAMB syllabus, novels, etc.


Install App

1
Which of the following is a commercial service?

A Transporting

B Garri processing

C Oil drilling

D Lumbering



Correct Option: A


We're working to add a detailed solution for this question



2
The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?

A decentralization

B diversification

C commercialization

D specialization



Correct Option: D


We're working to add a detailed solution for this question



3
The major divisions of commerce are?

A import, export and banking

B home trade and foreign trade

C trade and aids to trade

D exchange, consumption and production



Correct Option: C


We're working to add a detailed solution for this question



4
The sole purpose of production is?

A employment

B promotion

C consumption

D competition



Correct Option: C


We're working to add a detailed solution for this question



5
Commerce developed as a result of?

A speculation

B competition

C specialization

D importation



Correct Option: C


We're working to add a detailed solution for this question



6
Which of the following is concerned with obtaining raw materials from their natural locations?

A Extractive industry

B Manufacturing industry

C Construction industry

D Transport industry



Correct Option: A


We're working to add a detailed solution for this question



7
In which of the following classes of occupation would you place a commerce teacher?

A Commercial

B Extractive

C Direct service

D Manufacturing



Correct Option: C


We're working to add a detailed solution for this question



8
Turnover may be increased by?

A increasing prices and product differentiation

B advertising and cutting prices

C refusing credits and customer services

D increasing the mark-up



Correct Option: B


We're working to add a detailed solution for this question



9
The advantage road transport has over other means of transport is that?

A intermediate terminal handling is eliminated by door-to-door delivery

B specialised vehicles can be used to carry certain goods

C packaging is very easy as experts handle it

D canteen services are provided



Correct Option: A


We're working to add a detailed solution for this question



10
In winding-up a company, the assets of the company are vested in the hands of the?

A receiver

B liquidator

C registrar of companies

D directors of companies



Correct Option: B


We're working to add a detailed solution for this question





JAMB CBT APP

EduNgr JAMB CBT app that has thousands of past questions and answers, JAMB syllabus, novels, etc. And works offline!


Install App