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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 591:

Del-credere commission is an?

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A Allowance paid to a supplier
B Extra allowance paid for guaranteeing recovery of debts
C Allowance paid to all commission agents
D 'allowance paid bythe agent
E Allowances to ensure delivery of goods by commission agent

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Question 592:

Which of the following is classified as invisible item in_the balance of payments?

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A . Export of goods
B Import of machinery
C 1 Gifts
D . Sale of assets
E Salaries of expatriates

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Question 593:

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller’s warehouse up to his own warehouse?

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A LOCO
B F.O. R
C F.A.S
D C.I.F
E C.F

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Question 594:

A trade in which many countries exchange goods and services is called?

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A Bilateral trade
B Entrepot trade
C Economic union
D Multilateral trade
E Counter trade

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Question 595:

Which of the following is used to ascertain the correct value of imports for purposes of assessing customs duty’

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A Certificate of origin
B Open-indent
C Bill of Lading
D Ships manifest
E Bill of entry

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