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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1431:
An association formed to protect the interests of buyers of various commodities is known as
  • A Chamber of commerce
  • B Employers association
  • C Consumers Association
  • D Manufacturers Association
View Answer & Explanation
Question 1432:
An outright prohibition on the importation of goods to a country is referred to as
  • A Quota
  • B Tariff
  • C Embargo
  • D Devaluation
View Answer & Explanation
Question 1433:
Which of the following assesses duties payable on imports and exports?
  • A Ports Authority
  • B Central Bank
  • C Customs and Excise Authority
  • D Export Promotion Council
View Answer & Explanation
Question 1434:
Which of the following trends in retailing provides the convenience of shopping without cash
  • A Automatic vending
  • B Self-service
  • C Credit card
  • D Window display
View Answer & Explanation
Question 1435:
The place where dutiable goods are kept until the duties on them are paid is
  • A Customs warehouse
  • B Public warehouse
  • C Bonded warehouse
  • D The wharf
View Answer & Explanation