2009 WAEC Commerce past questions and answers

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1
A person who invented a new machine for making beverages may protect his exclusive right by

A labelling the product

B obtaining a patent

C choosing a name for the product

D obtaining a trade mark



Correct Option: B


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2
Which of the following occupations come under the extractive industry? i. Cattle-rearing,lumbering,farming ii. Mining, quarrying, hunting iii.Ship building, road construction, iron bending iv. Singing, dancing, barbing

A i, ii and iii only

B i, ii and iv only

C i and ii only

D ii and iii only



Correct Option: C


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3
Which of the following is sent by a supplier who does not want to sell on credit?

A Pro forma invoice

B Consular invoice

C Quotation

D Advice note



Correct Option: A


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4
Retail outlets that have identical store design, layout and stock display are

A multiple shops

B tied shops

C mobile shops

D supermarkets



Correct Option: B


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5
Life assurance premium is determined by the assured's

A educational level

B age

C reputation

D number of children



Correct Option: B


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6
Which of the following is not a contract of indemnity

A Marine insurance

B Fire insurance

C Life Assurance

D Burglary insurance



Correct Option: C


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7
A stale cheque is one on which the date for payment is

A overdue

B yet to come

C missing

D due



Correct Option: A


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8
When an order cheque is endorsed it becomes a

A confirmed cheque

B bearer cheque

C dishonoured cheque

D cleared cheque



Correct Option: B


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9
The authority given to a bank to make regular payments on behalf of a customer is

A credit transfer

B bank endorsement

C standing order

D bank overdraft



Correct Option: C


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10
The taking over of privately owned businesses by the government is called

A indigenization

B commercialization

C nationalization

D privatization



Correct Option: C


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