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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1021:

A consignment note is used when?

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A Goods are wrapped and labelled for easy identification
B Goods are dispatched to agent through transporters
C Damaged goods are being returned
D There is over-invoicing

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Question 1022:

Which of the following is not contained in an advice note?

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A Types of goods
B Price of goods
C Date of dispatch
D Means of dispatch

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Question 1023:

A refund of the duty collected on goods imported and processed for re-export is?

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A Excise duty
B Excise draw back
C Preferential duty
D Value added tax

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Question 1024:

When a country's total visible and invisible exports are more than its visible and invisible imports, it has?

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A Favourable balance of payments
B Favourable balance of trade
C Unfavourable balance of trade
D Unfavourable balance of payment

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Question 1025:

When a country's total visible and invisible exports are more than its visible and invisible imports, it has?

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A Favourable balance of payments
B Favourable balance of trade
C Unfavourable balance of trade
D Unfavourable balance of payment

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