WAEC: COMMERCE
Quizzes
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2014 Commerce WAEC Objective Past Questions
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2014 Commerce WAEC Theory Past Questions
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2015 Commerce WAEC Theory Past Questions
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2015 Commerce WAEC Objective Past Questions
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2016 Commerce WAEC Objective Past Questions
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2016 Commerce WAEC Theory Past Questions
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2017 Commerce WAEC Objective Past Questions
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2017 Commerce WAEC Theory Past Questions
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2018 Commerce WAEC Objective Past Questions
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2018 Commerce WAEC Theory Past Questions
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2019 Commerce WAEC Objective Past Questions
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2019 Commerce WAEC Theory Past Questions
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2020 Commerce WAEC Objective Past Questions
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2020 Commerce WAEC Theory Past Questions
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2021 Commerce WAEC Objective Past Questions
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2021 Commerce WAEC Theory Past Questions
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Question 1 of 8
1. Question
A) List four career opportunities available to a student of commerce
B) State two functions of an entrepreneur
C) Explain the following activities giving two examples each
i) Extractive industry
ii) Construction industry
iii) Manufacturing industry
iv) Tertiary industry
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Question 2 of 8
2. Question
The staff of Kadar manufacturing company limited formed a cooperative society to enable them to have access to funds
A) Name the type of cooperative society they formed
B) State four features of the cooperative society
C) State three advantages and two disadvantages of the cooperative society
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Question 3 of 8
3. Question
A) State five reasons that would make a bank to dishonour a cheque
B) State five reasons countries introduce restrictions on foreign trade
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Question 4 of 8
4. Question
A) State two benefits of a commodity exchange
B) Explain two methods of trading in a commodity exchange
C) State four requirements for trading in a commodity exchange
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Question 5 of 8
5. Question
A) List six advertising media used in business
B) What is personal selling
C) State four advantages and two disadvantages of personal selling
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Question 6 of 8
6. Question
Country X is facing a situation where its total payments to other countries is greater than its total earnings from abroad
A) State the term that relates to the above situation
B) Explain six measures the country could take to correct the situation
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Question 7 of 8
7. Question
A) State four services rendered by courier companies
B) State three advantages and three disadvantages of rail transport
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Question 8 of 8
8. Question
The following information was extracted for the books of Jinka enterprises as at 31st August 2015
15 cartons of sweets at N2,000 per carton
25 cartons of milk at N4,000 per carton
15 cartons of sugar at N3,000 per carton
17 cartons of soap at N5,000 per carton
The following payments were made
Rent and rates N3,500 Salaries and wages N8,000 Fuel N2,000 Electricity N1,500 A cash discount 6% and a 10% trade discount was allowed if payment was made within 7days
i) Calculate how much was paid for the goods bought if payment was made within 7days
ii) If all the goods were sold at a markup of 20%, determine the selling price
iii) Calculate the value of the net profit made
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Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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