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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1286:

Which of the following is regarded as a document of title in foreign trade?

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A Consular invoice
B Bill of lading
C Bill of sight
D Certificate of origin

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Question 1287:

The most acceptable means of payment in foreign transaction is

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A Personal cheques
B Central bank cheques
C Irrevocable letters of credit
D Bankdrafts

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Question 1288:

Which of the following is not a function of the Ports Authority

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A Controlling pollution in rivers
B Providing parking space for vehicles
C Providing storage and warehousing facilities at the docks
D Providing facilities for water traffic movement

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Question 1289:

Terms of trade refers to

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A Agreement between two trading countries
B The difference between the value of imports and exports
C The relationship between export and import prices
D All payments made to other countries and reciepts of them

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Question 1290:

The aid to trade responsible for the preservation of perishable items is

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A Warehousing
B Insurance
C Transportation
D Warehousing

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