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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 596:
The best method of making payment to an overseas supplier is by/
  • A Bankdraft
  • B Bill of exchange
  • C Travellers cheque
  • D Letter of credit
  • E Certified cheque
View Answer & Explanation
Question 597:
Are fund usually granted for goods imported and later re-exported is called?
  • A Commission
  • B Discount
  • C Customs drawback
  • D Dock due
  • E Demurrage
View Answer & Explanation
Question 598:
Which of the following is a declaration by the captain of a ship as to the cargo on board?
  • A Bill of ladlng
  • B Mates receipt
  • C Ships manifest
  • D Bill of sight
  • E Dock warrant
View Answer & Explanation
Question 599:
When the balance of trade is unfavourable which of the following conditions prevails?
  • A Exports exceed imports
  • B Imports exceed exports
  • C Customs duty is high
  • D Lnvisible exports exceed visible imports
  • E The value money falls
View Answer & Explanation
Question 600:
When a seller decides to sell his goods at a specific price for a specific period, he is making?
  • A A sales promotion
  • B A bid
  • C An auction sale
  • D A firm offer
  • E An implied guarantee
View Answer & Explanation