WAEC Commerce questions

304 questions with answers and explanations. Tap an option to check yourself.

1. Question 261· The stock exchange· WAEC

   The Nigerian Exchange Limited (formerly the Nigerian Stock Exchange) is located in

   • AKano
   • BAbuja
   • CLagos
   • DPort Harcourt

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   Answer: C. Lagos

   Explanation and discussion

2. Question 262· The stock exchange· WAEC

   A stockbroker is

   • Aa central bank official
   • Ba speculator
   • Ca company director
   • Dan agent who buys and sells securities for clients

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   Answer: D. an agent who buys and sells securities for clients

   Explanation and discussion

3. Question 263· The stock exchange· WAEC

   A speculator who buys shares expecting their prices to rise is a

   • Astag
   • Bbear
   • Cbull
   • Dbroker

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   Answer: C. bull

   Explanation and discussion

4. Question 264· The stock exchange· WAEC

   Shares bought on the stock exchange are

   • Asecond-hand securities
   • Bnew bank notes
   • Cland titles
   • Dimport licences

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   Answer: A. second-hand securities

   Explanation and discussion

5. Question 265· The stock exchange· WAEC

   A speculator who buys new shares hoping to sell them quickly at a profit is a

   • Abull
   • Bbear
   • Cstag
   • Dlame duck

   Show answer

   Answer: C. stag

   Explanation and discussion

6. Question 266· The stock exchange· WAEC

   Before a company can sell its shares on the Nigerian Exchange, it must be

   • Alisted (quoted) on the exchange
   • Ba sole proprietorship
   • Ca partnership
   • Downed by government

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   Answer: A. listed (quoted) on the exchange

   Explanation and discussion

7. Question 267· The stock exchange· WAEC

   Dividends are paid to

   • Acreditors
   • Bdebenture holders
   • Cshareholders
   • Ddirectors only

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   Answer: C. shareholders

   Explanation and discussion

8. Question 268· The stock exchange· WAEC

   A stock exchange benefits a company by

   • Aguaranteeing profit
   • Bmaking it easier to raise capital
   • Cremoving taxes
   • Dproviding goods

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   Answer: B. making it easier to raise capital

   Explanation and discussion

9. Question 269· The stock exchange· WAEC

   The Securities and Exchange Commission in Nigeria

   • Aregulates the capital market
   • Bprints money
   • Ccollects customs duty
   • Dinsures bank deposits

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   Answer: A. regulates the capital market

   Explanation and discussion

10. Question 270· The stock exchange· WAEC

    A stock exchange market in which share prices are generally rising is called a

    • Abull market
    • Bbear market
    • Cstag market
    • Dblack market

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    Answer: A. bull market

    Explanation and discussion

11. Question 271· The stock exchange· WAEC

    A person who buys and sells shares on behalf of clients is a

    • Astockbroker
    • Bshareholder
    • Cdebenture holder
    • Dauditor

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    Answer: A. stockbroker

    Explanation and discussion

12. Question 272· The stock exchange· WAEC

    A stag on the stock exchange is a speculator who

    • Aholds shares for life
    • Bsells expecting a fall
    • Cis a registered broker only
    • Dbuys new issues hoping to sell quickly at a profit

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    Answer: D. buys new issues hoping to sell quickly at a profit

    Explanation and discussion

13. Question 273· The stock exchange· WAEC

    An investor who sells shares expecting prices to fall is a

    • Abull
    • Bbear
    • Cstag
    • Dbroker

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    Answer: B. bear

    Explanation and discussion

14. Question 274· Transport· WAEC

    A charter party is an agreement for

    • Abuying shares
    • Bhiring a ship
    • Cinsuring goods
    • Dopening an account

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    Answer: B. hiring a ship

    Explanation and discussion

15. Question 275· Transport· WAEC

    A disadvantage of air transport is that it

    • Ais affected by traffic jams
    • Bis slow
    • Ccannot carry passengers
    • Dis expensive for bulky goods

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    Answer: D. is expensive for bulky goods

    Explanation and discussion

16. Question 276· Transport· WAEC

    A disadvantage of rail transport in Nigeria is that

    • Ait carries heavy goods
    • Bit does not reach many towns
    • Cit is cheap for bulk
    • Dit uses fixed routes

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    Answer: B. it does not reach many towns

    Explanation and discussion

17. Question 277· Transport· WAEC

    Crude oil is best transported over land by

    • Aair
    • Bpipeline
    • Crail only
    • Dmotorcycle

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    Answer: B. pipeline

    Explanation and discussion

18. Question 278· Transport· WAEC

    A charter party is

    • Aa travel ticket
    • Ba political party
    • Can agreement to hire a ship or aircraft
    • Da customs form

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    Answer: C. an agreement to hire a ship or aircraft

    Explanation and discussion

19. Question 279· Transport· WAEC

    Pipelines are used in Nigeria mainly to carry

    • Aletters
    • Bpassengers
    • Ccattle
    • Dcrude oil and petroleum products

    Show answer

    Answer: D. crude oil and petroleum products

    Explanation and discussion

20. Question 280· Transport· WAEC

    Perishable goods such as fresh flowers sent abroad are best moved by

    • Apipeline
    • Bship
    • Ccanal
    • Dair

    Show answer

    Answer: D. air

    Explanation and discussion