WAEC Commerce Past Questions & Answers - Page 232

1,156.

Which of the following is responsible for carrying oiut the monetary policy of a country?

A.

The Ministry of Finance

B.

international Monetary Fund

C.

Internal Revenue Board

D.

The Central Bank

E.

The World Bank

Correct answer is D

No explanation has been provided for this answer.

1,157.

Firms merge in order to?

A.

discourage the employment of specialists

B.

encourage competition

C.

discourage the use of each other’s bye-products

D.

create a monopoly

E.

decrease the size of the business

Correct answer is D

No explanation has been provided for this answer.

1,158.

Which of the following refers to the practice ofimporting forre-export?

A.

Counter trade

B.

Dumping

C.

Entrepot trade

D.

Forward trading

E.

Bilateral trade

Correct answer is C

No explanation has been provided for this answer.

1,159.

Which of the following encourages free trade among member nations?

A.

lMF

B.

UNO

C.

WHO

D.

OAU

E.

EEC

Correct answer is E

No explanation has been provided for this answer.

1,160.

ECOWAS headquarters is located in?

A.

Ghana

B.

Nigeria

C.

Senegal

D.

Sierra Leone

E.

Togo

Correct answer is B

No explanation has been provided for this answer.