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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1791:
The collection of tariffs on imported goods is the function of
  • A Ports Authority
  • B Customs and Excise Authority
  • C Clearing and Forwarding Agents
  • D Export Promotion Council
View Answer & Explanation
Question 1792:
A licensed person who is authorized to sell to the highest bidder is
  • A Principal
  • B Factor
  • C Broker
  • D Auctioneer
View Answer & Explanation
Question 1793:
An efficient transport system enables a trader to
  • A Widen the market for his products
  • B Avoid customs examination of goods
  • C Adopt better price policy
  • D Reduce cost of production
View Answer & Explanation
Question 1794:
The Central Bank's monetary policy instrument by which it buys and sells treasury bills is known as
  • A Open Market Operation
  • B Bank rate
  • C Cash reserve ratio
  • D Special deposit
View Answer & Explanation
Question 1795:
Which of the following acted as the central bank for West African countries before their independence?
  • A The West African Clearing House
  • B The British Bank for West Africa
  • C The West African Currency Board
  • D The African Development Bank
View Answer & Explanation