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WAEC EXPO QUESTION

2020/2021 WAEC/NECO Answers: Neco 2020.Commerce answers


Tuesday 18th JuneĀ 
1033/1032 Paper III & II: Objective & Essay Civic Education (visit examplaza .com for the answers before exam) 3hrs 10:00am 1:00pm



CIVIC EDUCATION
1-10: CBDABCCDBA
11-20: BCBCBDEDEE
21-30: AADDCCBCBA
31-40: BEEEBADDEA
41-50: EECDAABCCB
51-60: BBABCDAEBB

This is actually the Neco 2019.Commerce answers Answers as questions sent to our subscribers on WHATSAPP, if you are looking for 2020 WAEC/NECO Answers midnight before the exam, try contacting us.

NECO COMMERCE ANSWERS
(You are required to answer ANY FIVE)


(1a)
Multilateral trade is the type of international trade in which a country trades with many other countries. This ensures international division of labour. It is also type of trade inwhich many countries exchange goods and services eg Nigeria trade with USA,Britain and Russia


(1b)
[PICK ANY SIX]
(i) In International trade,Goods are moved beyond geographical boundaries
While
In Internal trade,Goods are moved within the same country

(ii)International trade involves the use of foreign currency or foreign exchange.
While
Internal trade is settled in the local or national currency.

(iii)In international trade,There is language barrier.
While internal trade,There is no language barrier.

(iv)In international trade,More complex documentation is required.
While
In internal trade,Less documentation is required.

(v)In international trade,Different weight and measures are in use.
While
In internal trade,The same weight and measures are in use.

(vi)In international trade,Different social standards,rules and regulations are in use
While
In internal trade ,The same social standard,rules and regulations are in use.

(vi)In international trade ,Transport cost is higher.
While
in Internal trade ,Transport cost is lower

(viii) international trade involves government control and use of trade restrictions in order to protect the economy

While
Internal trade is not face with such Artificial trade restrictions and goods move freely within a country


(1c)
[Pick ANY FOUR]
(i)Nigeria
(ii)United state of America(USA)
(iii)Britain
(iv)Russia
(v)China

=========================================================


(2a)
Direct production is the type of production in which an individual produces goods and services only for family use or consumption

While

Indirect production is the type of production in which goods and services are produced in large scale,mainly for sale or exchange for other needs.



(2b)
[PICK FOUR]
(i)Availability of goods and services
(ii)Improvement in standard of living
(iii)increase in wealth of people
(iv)increase in export potential
(v)Acquisition of skills

EXPLANATIONS:
(i)Availability of goods and services: Production helps to ensure that goods and services are made available for use by human beings

(ii)Improvement in standard of living: Production helps to ensure adequate improvement in the standard of living of the people

(iii)Increase in wealth of people: Production assists people to accumulate wealth as a result of continuous employment

(iv)Increase in export potential: Production also assists a state or nation to boost their export of goods and services to other nation

(v)Acquisition of skills: The engagement of people in production make them acquire special skills.

=========================================================


(4)
[PICK ANY FIVE]
(i)Collection of Revenue
(ii)Supervision of Warehouse
(iii)Compilation of statistical Records
(iv)Prevention of smuggling
(v)Supervision of foreign Trade
(vi)Enforcement of Ban
(vii)Provision of Quarantine Facilities
(vii)Completion of Documents

EXPLANATIONS:
(i)Collection of Revenue: It assesses and collects Revenue from tariffs and excise duties

(ii)Supervision of Warehouse: The customs department supervises bonded warehouse

(iii)Compilation of statistical Records: The department compiles statistics on export andu import trade which are supplied to the government

(iv)Prevention of smuggling: The custom authority prevents smuggling and sizes contraband goods

(v)Supervision of Foreign Trade: The customs Department supervises foreign trade by ensuring that only licensed goods are imported or exported

(vi)Enforcement of Ban:-The customs department ensures that ban on prohibited goods are enforced

(vii)Provision of Quarantine Facilities: Customs department provides appropriate quarantine facilities for the importation of livestock

(viii)Completion of Documents: The customs department ensured that customs declaration forms and others documents are completed

==================================================


(5a)
Money may be defined as anything that is generally acceptable as a medium of exchange for making payments,settlement of debts or other business obligations


(5b)
[PICK ANY SIX]
(i)Money is generally acceptable while other commodities are not

(ii)Money is portable while other commodities may not be portable

(iii)Money is relatively scarce while other commodities are not

(iv)Money is homogeneous while other commodities are not

(v)Money is durable while other commodities are not

(vi)Money is stable while other commodities used in trade by barter are not

(vii)Money is divisible into small units while other commodities are not

(viii)Money is easily recognisable by people while other commodities are not

(ix) Money has no intrinsic value while other commodities have intrinsic values

(5c)
[PICK ANY FOUR]
(i)Acceptance of deposits
(ii)Safe keeping of Valuables
(iii)Lending of money to customers
(iv)Act as Agent of payment
(v) They solve problem of foreign exchange
(vi)They Render credit transfer services
(vii)They issue Traveller's cheques
(viii)They act as Referees
(ix)They give financial advice to their customers

================================================


(6)
[PICK FIVE]
(i)Risk bearing
(ii)Financing
(iii)Storage/Warehousing
(iv)Buying/selling/Exchange
(v)Grading and standardizing
(vi)Marketing information research
(vii)Transportation
(viii)Pricing

EXPLANATIONS:
(i)Risk bearing:-This involves anticipating business risks and taking appropriate measures to reduce their impact by taking the necessary cover


(ii)Financing: This covers the provision of funds throughout the period of production to the point of selling through loans and credit facilities


(iii)Storage/Warehousing: This makes it possible for goods to be produced ahead of demand so that they can be available when needed

(iii)Buying/selling/Exchange: This covers purchase of raw materials and goods from so many sources and transfer of ownership of such goods to the consumer at the right quality

(iv)Grading and standardizing: It involves ensuring that the goods conformed to the required standard and quality with respect to shape,colour,taste etc

(vi)Marketing information Research: This involves collection of information from many sources and dissemination of producers and distributors

(vii)Transportation: This covers movement of goods from where they are produced to the point where they are required


(viii)Pricing: Marketing,assisting in fixing price at a level reasonable enough to give profit to the company.

===================================================


(7i)
Amalgamation: Amalgamation is the combination or coming together of two or more previously independent firms to form one large firm.It is the unification of two or more organizations to form a new one. Once Firm amalgamate,they lose their former independent identities and control to the new firm


(7ii)
Backward integration: Backward integration refers to the process in which a company purchases or internally produces segments of its supply chain. In other words, it is the acquisition of controlled subsidiaries aimed at the creation or production of certain inputs that could be utilized in the production.


(7iii)
Consortium: Consortium is an association of two or more individuals, companies,organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.A very good example is the consortium of banks that gave loan to African Independent Television (AIT)


(7iv)
Parent company: Parent company is a company that owns enough voting stock in another firm to control management and operation by influencing or electing its board of directors. It also refers to as a holding company which has control over a number of firms known as subsidiaries. it is also a company which controls several subsidiary companies


(7v)
Trust: This is an amalgamation of different competing firms in different lines of businesses under a single control. In Trust,the firm will retain their identity but the trustee will take over the management and control. It is vertically integrated in nature and the amalgamated firms are brought under a central control. Certificate will be issued to all members

===================================================


(8a)
Commercialisation is a policy geared towards making state-owned enterprises to become more efficient and profit oriented. This policy makes it possible for public enterprises to become more viable and effective.

(8b)
(i) Efficient management
(ii) To generate more Revenue
(iii) Reduction in public expenditure and participation of private individual
(iv) Autonomy of enterprises and Removal of unproductive enterprises


EXPLANATIONS:
(i) Efficient management: Commercialization help government to develop a good and efficient management of public and private enterprises
(ii) To generate more Revenue: Commercialisation assist the government to generate more Revenue
(iii) Reduction in public expenditure and participation of private individual: Commercialisation help in reducing public expenditure on enterprise and also assist individuals to participate in economic activities through ownership of enterprises
(iv) Autonomy of enterprises and Removal of unproductive enterprises: Commercialisation helps to provide autonomy for the government/private enterprises and also assist to remove or divest unproductive enterprises in the economy



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Frequently Asked Qestions and Answers

West African Senior School Certificate Examination - Wikipedia

What Mark is a1 in Waec?

WAEC grading systemGradesDefinitionInterpretationA1Excellent80% - 100%B2Very good75% - 79%B3Good70% - 74%C4Credit60%- 69%5 more rows

How Many Years is WAEC, NECO & NABTEB Results Valid?

Does Neco expire?

Similar to WAEC, your National Examination Council (NECO) result (certificate) is valid for life. It doesn't have any expiry date. That is, for as long as you live, you can use your NECO result to gain admission into the university and seek employment where applicable.
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The fact is your O'level result; be it WAEC , NECO or NABTEB is valid for a life time and has no expiration date. The Examination conducted by these examination bodies is known as ?achievement test? and therefore the certificates awarded are valid forever.
The fact is your O'level result; be it WAEC , NECO or NABTEB is valid for a life time and has no expiration date. The Examination conducted by these examination bodies is known as ?achievement test? and therefore the certificates awarded are valid forever.

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WAEC Timetable 2020/2021 Out: Check & Download PDF WAEC ...

Is Waec 2020 time table out?

Is WAEC 2020 Timetable Out? Yes, WAEC official timetable for 2020/2021 exam is out. WAEC EXAM will commence on 30th March, 2020 and will end on 12th June, 2020. At every stage of human endeavor, there is always a need for promotion which is often preceded by an examination.

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Is 20 too old for university?

20?21 isn't much older than that. I'll go a step further and say that it's never too old to go to college. There's no cutoff date for an education. Sometimes life gets in the way of things and some people aren't able to attend college right away.
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West African Senior School Certificate Examination - Wikipedia

Is d7 fail or pass?

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What university in the UK accepts WAEC? - Quora

What is the equivalent of Waec in UK?

Nearly all Universities in the UK require GCE A level or equivalent for admission into undergraduate degrees. In addition to A levels, you should also have GCSEs which I believe are O level equivalents (also WAEC in West Africa).
Nearly all Universities in the UK require GCE A level or equivalent for admission into undergraduate degrees. In addition to A levels, you should also have GCSEs which I believe are O level equivalents (also WAEC in West Africa).

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How much is WAEC and NECO?

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Is e8 a pass mark?

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Is NECO easy to pass?

Passing NECO is not difficult, the problem is that many candidates use the wrong method to prepare for NECO and NECO GCE.
Passing NECO is not difficult, the problem is that many candidates use the wrong method to prepare for NECO and NECO GCE.Jan 19, 2020

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Is c6 a good grade?

C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades. B3 (65-69%) is a Good grade. B2 (70-74%) is a Very Good grade. A1 (75-100%) is an Excellent grade.
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What is the difference between WAEC and GCE?

WAEC is the exams body in charge of senior secondary school exams called West African Examination Council. They conduct both WAEC May/June SSCE for school candidates and WAEC Feb./March or August/September for private candidates - also called WAEC GCE. ... Secondary school can be: Senior secondary school i.e SSS 1 to 3.
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West African Senior School Certificate Examination - Wikipedia

What is the pass mark for Waec?

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Can you cheat on online exams?

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GCE ? MULTINATIONAL EDUCATIONAL CONSULTING

What is GCE exam?

What is GCE? It is General Certificate Examination. The GCE as it usually called by many people are two based on the bodies that conduct them. There is the West African Senior School Certificate Examination (WASSCE) for school private candidates in November/December.
What is GCE? It is General Certificate Examination. The GCE as it usually called by many people are two based on the bodies that conduct them. There is the West African Senior School Certificate Examination (WASSCE) for school private candidates in November/December.

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What is a distinction in Waec?

... is externally organized and graded by the West Africa Examinations Council (WAEC), which clas- sifies candidates who obtain BECE Aggregate 6 to 12 as "distinction" or "good" students, Aggregate 13 to 24 achiev- ers as "average," and Aggregate 25 and above achievers as "weak" students (Asihene, 2009;Dorleku, 2013; ...
... is externally organized and graded by the West Africa Examinations Council (WAEC), which clas- sifies candidates who obtain BECE Aggregate 6 to 12 as "distinction" or "good" students, Aggregate 13 to 24 achiev- ers as "average," and Aggregate 25 and above achievers as "weak" students (Asihene, 2009;Dorleku, 2013; ...

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National Examinations Council, otherwise known as NECO, is a national examination body established by the Nigerian government to conduct examinations. Unlike WAEC, NECO is a national examination body vested with the responsibility to oversee specified exams only in Nigeria.
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What is the oldest age you can train to be a nurse?

I am very pleased to confirm there is no upper age limit to start nurse training so your age is not a hurdle. However you do need to consider a number of issues before committing to a long and challenging journey. To help you here are four tips I believe will help you make your decision: 1.
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The Waec Grading System - Awajis

Is d7 a pass mark in Waec?

Under the new WAEC grading system, A1 is Excellent, B2 Very Good, B3 Good, C4, C5 and C6 are interpreted as Credit, D7 and D8 are interpreted as Pass, while F9 is Fail.
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How much is Waec scratch card now?

Currently, WAEC scratch card is N700 (seven hundred naira). This price has been officially confirmed by the West African Examination Council (WAEC) on social media. According to WAEC, ?the cost of electronic pin/voucher (Now scratch card) for checking results is 700 Naira only?.
Currently, WAEC scratch card is N700 (seven hundred naira). This price has been officially confirmed by the West African Examination Council (WAEC) on social media. According to WAEC, ?the cost of electronic pin/voucher (Now scratch card) for checking results is 700 Naira only?.Feb 29, 2020

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Does d7 mean fail in Waec?

It means that you have scored 39% or less on your exam. It is a failure grade. E8 (40-44%) and D7 (45-49%) are passing grades. C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades.

WAEC Timetable for May/June Examinations 2020 - MySchoolGist

What is the date for Waec 2020?

According to the timetable, the West African Senior School Certificate Examination (WASSCE) for school candidates, 2020, will commence on 6th April, 2020 and will end on 5th June, 2020.
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What is a b3 grade?

B2 = Secure grade B. B3 = Low grade B. C1 = High grade C. C2 = Secure grade C. C3 = Low grade C.
B2 = Secure grade B. B3 = Low grade B. C1 = High grade C. C2 = Secure grade C. C3 = Low grade C.

How Much Is WAEC 2020 Form? See Price Of WAEC Registration ...

How much is Waec fees in Nigeria?

Candidates are expected to pay a registration fee of Thirteen Thousand, Nine Hundred and Fifty Naira (N13,950) only. There's an extra bank charge of N500.
Candidates are expected to pay a registration fee of Thirteen Thousand, Nine Hundred and Fifty Naira (N13,950) only. There's an extra bank charge of N500.Jan 6, 2020

Lists of Universities to Study Abroad with WAEC | WSF

Can I use Waec GCE to study abroad?

Nigerian students wishing to study abroad with WAEC, NECO or GCE can apply for admission at Brandon University. As a Nigerian or Internationa student seeking admission to study abroad at Brandon University with WAEC can use the link below to apply.
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Is GCE form still out?

2020 WAEC GCE Closing Date Update: West African Examination Council (WAEC) Senior School Certificate Examination (WASSCE) for Private Candidates (GCE) First (1st) Series [January/February] Registration Form Closing Date / Deadline for 2020/2020 Session [Extension Notice]. 2. UPLOAD OF PINs - Sunday, January 12, 2020.
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What is Waec equivalent to in UK?

You may not need TOEFL though, if you have ... All UK universities accept WAEC results for their admission. By WAEC here it means, West African Examination Council (SSCE Results) which can be May/June or Nov/Dec sitting or recently the Jan/Feb or Aug/Sept series.
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Is Neco harder than Waec?

NECO seems less difficult compared to WAEC but not also easy to make A's.
NECO seems less difficult compared to WAEC but not also easy to make A's.Mar 15, 2018

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How much is an original NECO certificate?

NECO SSCE External Candidates Original Result Slips Cost: The Sum of One Thousand Naira Only (N1,000). NECO SSCE External Candidates Issuance of Original Certificate Cost: The Sum of One Hundred Naira Only (N100).
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what's the equivalent of gcse's here to american education? - British ...

What is a GCSE equivalent to in America?

GCSE (General Certificate of Secondary Education) ? formerly known as O-levels. A single-subject exam taken upon completion of two years of study at the age of 16 (age at US 10th grade). Students take anywhere between 5-10 subjects, which, if passed, are generally considered equivalent to a US high school diploma.
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West African Senior School Certificate Examination - Wikipedia

What Mark is a1 in Waec?

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Calculating your aggregate score: JAMB's score + O ... - AskNigeria

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GCE Harder than WAEC? Differences To Expect - School Contents

Is GCE harder than Waec?

WAEC internal can be easier because you're have been well prepared for the papers most recently (SS1 to 3). People usually write GCE while they'd abandoned books for months - if not years. This may make it more difficult to pass. There are other reasons WAEC internal could be more convenient as detailed in this post.
WAEC internal can be easier because you're have been well prepared for the papers most recently (SS1 to 3). People usually write GCE while they'd abandoned books for months - if not years. This may make it more difficult to pass. There are other reasons WAEC internal could be more convenient as detailed in this post.

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Does WAEC Repeat Past Questions? Click Here To See Answers ...

Do Waec repeat questions?

Currently, waec no longer allow students to go home with their question papers. So, when you ask? does waec repeat past questions? Just have it in mind that the past questions you are talking about is the old past questions. And we all know that waec usually change syllabus, and English language do change as well.

Meaning of NECO 'No CA3' & How to Fix it - MySchoolGist

What is the meaning of no ca3 in Neco?

NECO 'No CA 3' Meaning and How to Resolve. What is CA3: Continuous Assessment for students of 3. What does it mean by No CA 3: It means your school did not uploaded their Students continuous assessment 3 on our database and by such the result of such candidate will not be released.
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Why Waec Gce is Far better than Neco Gce. ... 2: Grading: The marking scheme of Neco is totally different from that of Waec Gce and mostly students prefer writing Waec gce than that of Neco , Have you heard about C Parallel slogan, Student now call some board Exam Parallel Examination.May 13, 2013

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What is the GED equivalent to in England?

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Can I use Waec to study abroad?

Students with good WAEC result can enroll into universities abroad and most institutions in abroad offers admissions to students with WAEC results as long as they agree to undertake a foundation course.
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WAEC Is Better Than NECO ? Prof Osarenren ? Channels Television

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NECO seems less difficult compared to WAEC but not also easy to make A's.
waec expo runs is real. WAEC Answers, NECO ANSWERS and GCE answers comes a night before exam or Hours before exam
Egwuchukwu Frank said: legit... view all reviews