COMMERCE 101

WAEC QUESTIONS CONTD

Hey Readers, Happy New Week. Well its Holiday Season so it's time to slow down on the tutorials and intensify the questions revision from JAMB, GCE, WAEC etc in order to remember what we have done previously and to test ourselves. We started Last week and we are continuing today, So let's get started.......

37. Which of the Following receives Dividend based on Patronage?

a. Preference Shareholder

b. Co-operative Society Member

c. Cumulative Preference Shareholder

d. Debenture Holder.

38. If a Customer opens a Deposit Account with a Bank, he will

a. Receive a Crossed Cheque Book

b. Be given a Tally

c. Be given a Loan

d. Receive Interest.

39. A Chamber of Commerce normally consist of

a. Officials of the Trade Unions of Commercial Workers

b. All the People engaged in one aspect of Trading and Manufacturing

c. All the Workers in one Branch of Commerce

d. The People who represent a Cross-section of Business Interests in a Town.

40. A Group of Musicians can come together to form a

a. Chamber of Commerce

b. Public Corporation

c. Trade Association

d. Trade Union.

41. Which of the Following is not an Advantage of Marketing?

a. Creation of Demand

b. Ensuring Effective Distribution of Goods

c. Implementing Government Regulations

d. Application of Marketing Techniques.

42. One Disadvantage of Indigenization is that it

a. Discourages Foreign Control of an Economy

b. Encourages Local Retention of Profits

c. Encourages the Participation of Indigenes in Economic Development

d. Discourages Foreign Investment.

43. The Takeover by Government of Sanking Sillah and Sons Ltd is referred to as

a. Privatization

b. Indigenization

c. Commercialization

d. Nationalization.

44. Which of the Following Economic Unions is made up of Countries in West Africa only?

a. ACP

b. ECOWAS

c. NATO

d. ADB.

45. People who sell Shares in anticipation of a fall in their value are called

a. Bears

b. Bulls

c. Brokers

d. Jobbers.

46. Which of the following is not a Favourable Condition under which Personal Selling can be practised?

a. When Advertising entails relatively high costs

b. When the Market is concentrated

c. When the Market is dispersed

d. When Personal Touch is needed.

47. A Shareholder who holds 100, 000 shares of 50 butts each is given a dividend of 10% less 2% tax. What is his Net Return?

a. D10, 000, 000

b. D9, 800, 000

c. D5, 000, 000

d. D4, 900, 000.

48. An Example of an Activity in the Construction Industry is

a. Blacksmithing

b. Bricklaying

c. Car Assembling

d. Shoe Making.

49. One of the Inputs in Production that can be Motivated by Remuneration is

a. Capital

b. Entrepreneur

c. Labour

d. Land.

NOTE: SOME OF THE QUESTIONS IN THIS POST WAS CULLED FROM WEST AFRICA EXAM COUNCIL 2008 PAPERS WHILE SOME OTHERS WERE CULLED FROM JAMB 2012 PAPERS.. THANKS

This brings us to the end of today's session. Hope this was very helpful to you, leave a comment of what you think of this tutorial and Pls try to attempt the Questions on your own. Have a Blessed Day and Remember You are Amazing. God Bless.