2015 WAEC Commerce past questions and answers

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1

The practice of giving a particular name to a product by a manufacturer is

A branding

B standardization

C publicity

D advertising



Correct Option: A


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2

An extra commission paid to an agent who guarantees credit sales made by him is?

A del credere

B guarantors fee

C jobber's turn

D brokerage



Correct Option: A


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3

A professional in insurance who evaluates the level of loss claims is

A adjuster

B accessor

C underwriter

D an actuary



Correct Option: D


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4

The insurance services rendered to a foreign shipping company are treated as?

A invisible export

B invisible imports

C visible export

D balance of payment



Correct Option: A


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5

Dividing the market for a product according to potential buyers who have common characteristics is?

A market analysis

B market penetration

C market segmentation

D market research



Correct Option: C


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6

Which of the following aids to trade facilitates production ahead of demand

A insurance

B transport

C advertising

D warehousing



Correct Option: D


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7

When a government acquires business enterprises formerly owned by individuals, it is termed?

A commercialization

B indigenization

C privatization

D nationalization



Correct Option: D


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8

How many countries make up the River Niger Basin commission

A 16

B 12

C 10

D 9



Correct Option: D


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9

Which of the following means of payment makes the bank both the drawer and drawee

A standing order

B bill of exchange

C bank draft

D open cheque



Correct Option: C


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10

An association that protects the interest of members in the same line of business is?

A consumer association

B trade union

C trade association

D chamber of commerce



Correct Option: C


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