WAEC Commerce Past Questions

Ships that sail across the ocean and operate on scheduled time are

1. a.ferries
2. b.ocean liners
3. c.tramp steamers
4. d.coastal liner

The current highest decision-making body on privatization and commercialization of public enterprises in Nigeria is the

1. a.National Council on Privatization
2. b.Securities and Exchange Commission
3. c.Nigeria Investment Promotion Commission
4. d.Bureau of Public Enterprises

Given N Sales 15 000 Opening stock 5 600 Purchases 9 700 Closing stock 4 400 Gross profit 4 500 Net profit 2 000 From the data above, calculate the rate of turnover

1. a.3.50 times
2. b.3.00 times
3. c.2.00 times
4. d.2.18 times.

Tourism can be classified as

1. a.tangible import
2. b.intangible import
3. c.visible export
4. d.invisible export

The input, output and central processing units are the basic components of a computer's

1. a.memory
2. b.printer
3. c.hardware
4. d.software

An employer insures against his employees' dishonesty by taking up

1. a.fidelity guarantee insurance
2. b.accident insurance
3. c.group life assurance
4. d.endowment policy.

Payment made to the insured by the insurer outside its legal obligation is

1. a.premium paid
2. b.exgratia payment
3. c.surrender value
4. d.sum assured.

An important social reason for development tourism in Nigeria is the

1. a.promotion of culture interaction
2. b.provision of job opportunities
3. c.improvement of her balance of payments
4. d.encouragement of international relations.