Waec Gce WAEC GCE LIVE QUESTIONS AND ANSWERS 2017

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COMMERCE THEORY ANSWER'S


ANSWER 5 QUESTIONS ONLY



5a)
i)As a Ready Market for Natural Resources:
ii)Supplementing Home Food Consumption:
iii)Sources of Manufactured Goods:
iv)Supply of Raw Materials and Spare Parts:
v)Centres of Commerce:

5b)
i)Adjustment through Exchange Depreciation (Price Effect)
: Under flexible exchange rates, the disequilibrium in the balance of payments is automatically solved by the forces of demand and supply for foreign exchange.
ii)Devaluation or Expenditure-Switching Policy: Devaluation raises the domestic price of imports and reduces the foreign price of exports of a country devaluing its currency in relation to the currency of another country.
iii)Direct Controls: To correct disequilibrium in the balance of payments, government also adopts direct controls which aim at limiting the volume of imports.
iv)Adjustment through Capital Movements:
A country can use capital imports to correct a deficit in its balance of payments. A deficit can be financed by capital inflows.
v)Adjustment through Income Changes:
Given the foreign exchange rate and prices in a country, an increase in the value of exports, causes an increase in the incomes of all persons associated with the export industries.
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6a)
i)Accepting Deposit
ii)Advancing Of Loans
iii)Discounting Of Bill Of Exchange
iv)Cheque Payment
v)Remittance

6b)
i)Intercepting contraband (such as illegal drugs)
ii)Checking travellers and their baggage, cargo and mail
iii)Assessing and collecting Customs duties, excise taxes and Goods and Services Tax (GST) on imports
iv)Protecting a country businesses against illegal trade
v)Enforcing import and export restrictions and prohibitions
collecting accurate import and export data
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4a)
i)By performance of the parties i.e. each party completing his obligations as stipulated by the contract.
ii)By frustration i.e. an event through no fault of the parties that make one party unable to perform the contract.
iii)By lapse of time i.e. if the time limit set for the contract to be executed by both parties has been passed.
iv)By changes in law i.e. where a legal contract is rendered illegal through changes in law.

4b)
i)act on behalf of and be subject to the control of the principal
ii)act within the scope of authority or power delegated by the principal
iii)discharge his or her duties with appropriate care and diligence
iv)avoid conflict between his or her personal interests and those of the principal
v)promptly hand over to the principal all monies collected on principal's behalf.
vi)agent owes a duty to the principal to act in the principal's best interests within the authority of the agent .
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1a)
Pipeline transportation can be defined as thetransportation of goods or material through a pipe. Such as Crude oil, natural gas, oil

1b)
i)High Speed:
ii)Minimum Cost:
iii)Easy transport of costly and light goods:
iv)Free from physical barriers:
v)Useful in natural calamities:

1c
i)The Nature of the Product
ii)The Nature of the market
iii)The Nature of Middlemen
iv)The nature and size of the manufacturing unit
v)Government Regulation
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2a)
i)Memorandum of Association is subsidiary to the Companies Act, whereas Articles of Association is subsidiary to both Memorandum of Association as well as the Act.
ii)Memorandum of Association contains the information about the powers and objects of the company. Conversely, Articles of Association contain the information about the rules and regulations of the company.

2b)
Advantage
i)Widening the shareholder base and spreading risk
ii)Growth and expansion opportunities
iii)Prestigious profile and confidence
iv)Transferability of shares
DisAdvantage
i)More regulatory requirements
ii)Higher levels of transparency required
iii)Ownership and control issues
iv)More vulnerable to takeovers
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7a.
BENIN
BURKINA FASO
CABO VERDE
CÔTE D'IVOIRE
The GAMBIA
GHANA
GUINEA
GUINEA BISSAU
LIBERIA
MALI
NIGER
NIGERIA
SENEGAL
SIERRA LEONE
TOGO

7b.

Nigeria


A. the absence of a common market
B. lack of a common language.
C. the difference in political ideology
D. lack of a common territory

7c
LAKE CHAD BASIN
1) To enhance the agricultural potentials of the lake.
2) To provide water for rural and urban area.
Image
3) To construct and ensure proper maintenance of dams, wells and boreholes.
4) To control the pollution of the lake.
5) To undertake scheme to control erosion and flood of the border area.

OR

AIMS AND OBJECTIVES OF NIGER BASIN COMMISSION (NBC)
1) To guide navigation on the River Niger.
2) To ensure the most effective utilization of the resources of the river.
3) To ensure the most effective use of the Niger water.
4) To provide studies on the agricultural potentials of the River Niger.

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ENGLISH THEORY ANSWER'S
7ai)
the skin is smooth when one sleeps well
7aii)
under eye circles may be banished when one sleep well
7aiii)
the hair and the nails grow well when one sleeps well
7bi)
A medical disorder may lead to lack of sleep-Insomnia
7bii)
long working hours and stressful work experience can also cause bad sleep



6a)
The old business tycoon decided to leave the business
because he had two heart surgeries
6b)
He could have choosen to select the next CEO fro his
children or directors
6c)
The purpose of the post was to test the honesty and
courage of the young executives
6d)
Jim's reaction was rather pitiful as he was ashamed that
his plant did not grow
6e)
Jim's wife helped him to get promoted
6f)
What was ironical was that the owner of the plantless pot
was promoted
6g)
i)Personification
ii)It means that it was done to him
6h)
i)Adverbial clause
ii)It modifies the verb "asked"
6i)
i)Shocked-amazed
ii)Sprout-Germinate
iii)Shyly-timidly
iv)Colleagues-mate
v)Humiliation-embarassment
vi)Courageous-bold



5)
Once there lived a milkmaid in a small old town. Everyday early in the morning she milked the cow and sold the milk in the market. One day the milkmaid was going on her way to sell the milk.
She carried a pail on her head which was full of fresh milk. ''Today the cow has given more milk than she normally does, how good it will be if she gives some more milk everyday.
That means I will get some extra money everyday.'' The milkmaid muttered happily.''With that money I will buy some hens. I will take a good care of the hens. The hens will lay eggs and when the eggs will hatch, healthy chickens will come out from those eggs.'' The young milkmaid couldn't stop thinking.'' When they grow up I will sell those chickens in the market at a good price and with that money I will buy more hens. More hens means more chickens and more money.Oh! I will become so rich.The milkmaid continued making plans. ''I am young and beautiful and now I will become rich too. Every handsome young man of the town will want to marry me but I will say yes to the man that I like the most, she nodded her head to say yes, and as she moved her head the pail of milk fell down and broke and the milk flowed away. Poor milkmaid, she shouldn't have counted her chickens before hatching.

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1a)
In the second creation accounts, God created a garden in the midst of Eden. He use dew to water its garden since forth their was no man to till the ground. He then made four river which separate the whole garden into diffraction such as Pishon, Gihon, Tigris and Euphrate. God thought it fits to make man in his own image and likeness. He mold a mud and created man. He breathe into the nostrils of Adam and he became a living soul.
Adam was alone in the garden, and God decided to make a partner who will live will him. He cause him to sleep and took one of his ribs which he use to create Even. When Adam woke up, he saw the woman and call her Eve which means Woman. And God instruct them to name all the living creatures and let them be fruitful and multiple.

1b)
i)God made Eve to be a helpmate to Adam
ii)To reproduce and multiple
iii)To born the Messiah (Jesus)
iv)For the woman to become one flesh with the man.

1c)
i)To name everything God had created
ii)To have dominion's over every thing on earth.

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2a)
giving them freedom and a new nation. Jesus delivered all humanity from sin and death, giving us freedom and founding the church the body of Christ. Moses was in the wilderness for 40 years, working as a shepherd, before God called him back to Egypt to deliver his people. Jesus, the Chief Shepherd of our souls, fasted 40 days and 40 nights before beginning his ministry.

2b)
i)To choose to identify with others
ii)To identify with the Jews, oppressed and downtrodden, when all the power of Pharaoh's palace is yours for the taking, requires tremendous humility.
iii)Recognize that everyone has something to contribute. Listen to the ideas of your coworkers.
iv)It 's not about self- promotion. It's about helping others. It's about teaching others. It's about helping others achieve their potential. It's about the mission.
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(4a)
This story relates how Hosea has three children, a son
called Jezreel, a daughter Lo-Ruhamah and another son
Lo-Ammi. All the names are described in the text as
having symbolic meaning, reflecting the relationship
between God and Israel . Jezreel is named after the valley
of that name . Lo-Ruhamah is named to denote the ruined
condition of the kingdom of Israel and Lo-Ammi is named
in token of God's rejection of his people. Although the
latter two children are not specifically said to be Hosea's,
James Mays says that this is "hardly an implication" of
Gomer's adultery. In 3:1, however, it says that she is
"loved by another man and is an adulteress". Hosea
is told to buy her back, and he does so for 15 shekels and
a quantity of barley. Exodus 21:32 establishes the value of
a maidservant at 30 shekels so Gomer's value is
diminished. She is not mentioned again in the book.
Some analysts, following Felix Ernst Peiser, have
suggested that this marriage is really a figurative or
prophetic reference to a union between the " lost tribes of
Israel " with the people of Gomer, following the Assyrian
deportation.
The relationship between Hosea and Gomer has been
posited to be a parallel to the relationship between God
and Israel. Even though Gomer runs away from Hosea
and sleeps with another man, he loves her anyway and
forgives her. Likewise, even though the people of Israel
worshiped other gods, God continued to love them and
did not abandon his covenant with them.
According to Kirsten Abbott, feminist interpretation
regards the story of Hosea and his relations with his wife
Gomer as a metaphor for the conflict between a Covenant
Theology (Israel violating the covenant relationship with
YHWH) and a Creation Theology (YHWH will undo the
fertility of the earth in response to Israel following other
fertility gods).

(4b)
I-Love
II-Faithfulness
III-Fidelity
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6a)
Jesus said to him, "I don't tell you until seven times, but, until seventy times seven. Therefore the Kingdom of Heaven is like a certain king, who wanted to reconcile accounts with his servants. When he had begun to reconcile, one was brought to him who owed himten thousand talents. But because he couldn't pay, his lord commanded him to be sold, with his wife, his children, and all that he had, and payment to be made. The servant therefore fell down and knelt before him, saying, 'Lord, have patience with me, and I will repay you all!' The lord of that servant, being moved with compassion, released him, and forgave him the debt.

"But that servant went out, and found one of his fellow servants, who owed himone hundred denarii, and he grabbed him, and took him by the throat, saying, 'Pay me what you owe!'"So his fellow servant fell down at his feet and begged him, saying, 'Have patience with me, and I will repay you!' He would not, but went and cast him into prison, until he should pay back that which was due. So when his fellow servants saw what was done, they were exceedingly sorry, and came and told to their lord all that was done. Then his lord called him in, and said to him, 'You wicked servant! I forgave you all that debt, because you begged me. Shouldn't you also have had mercy on your fellow servant, even as I had mercy on you?' His lord was angry, and delivered him to the tormentors, until he should pay all that was due to him. So my heavenly Father will also do to you, if you don't each forgive your brother from your hearts for his misdeeds.

6b)
i)so that their sins may be forgiven in heaven
ii)so that they may enter the kingdom of the lord Jesus christ
iii)so that our prayer may be answers also
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Section C

8a.

Highlight jame's teaching on prayer

James teaches on prayer


In his teachings on effective prayer, James taught that if anybody lacks wisdom, that person must ask God who gives it generously without reproaching.
James taught that whoever asked from God must ask in faith, not doubting because a person who doubts is like the wave of the sea, that is, driven and tossed by the wind. That person should not expect to receive anything from the Lord.
James also taught that if anyone was suffering, that person should pray and if any was cheerful that person should sing praises.
He said if any was sick, that person should call the elders of the church to pray over him, to anoint him with oil in the name of the Lord and the prayer of faith would save him. He said the Lord will raise the person up and if he or she had committed any sins, the Lord will forgive the sin.
James told the members to confess their sins to one another and pray for them to be healed.
James taught that the prayers of a righteous man has power and is effective. For example, he said the Prophet Elijah was a righteous man whose prayers were effective. He said Elijah was a man just like men of today but he prayed that the rains should cease for three years six months and it was so. When he prayed again for rain, it came pouring on the earth, bring back life

8b)
i)By praying without ceasing.
ii)By praying with humility.
iii)By praying with faith.