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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 601:

A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N360 would pay?

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A N240
B N226
C N216
D 204
E 120

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Question 602:

Which of the following documents is used when goods are sent on approval?

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A Catalogue
B Delivery note
C Receipt
D Advice note
E Pro forma invoice

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Question 603:

Terms of trade refers to?

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A Agreement between two trading countries
B Conditions attached to specific trade transaction
C The relationship between export and import prices
D , the difference between the value imports and exports
E All payments made-to other countries and receipts from them

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Question 604:

Another name for shares, stocks and debentures traded in the stock exchange is?

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A Collateral
B Securities
C Wares
D Partcipating`preference shares
E Cumulative preference shares

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Question 605:

Which of the following belongs to the capital market?

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A Commercial bank
B Savings bank
C Stock exchange
D Bureau de change
E Clearing house

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