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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 361:

One means of making payment through NIPOST is the?

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A Cheque
B Money order
C Standing order
D Promissory order
E Counterfoil

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Question 362:

The abbreviation IDAPOLY on the letter - headed papers of the federal polytechnic Idah is an example of a?

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A Cablegram
B Postmark
C Post code
D Telegraphic address
E Multiple address telegram

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Question 363:

Which of the following is not a reason for dishonoring a cheque?

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A Irregular signature
B Signed alteration on the cheque
C Insufficient fund in drawer's account
D Drawers stopped payment on time
E Amount in words differs from what written in figures

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Question 364:

A charge is specified cross if?

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A It has two parallel lines across it
B The words & Co are written in between the lines?
C The name of a bank is written across it
D The words not negotiable are written across it
E The name of the banker on the cheque

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Question 365:

The difference between the value of imports of goods for a particular year is known as?

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A Balance of payment
B Balance sheet
C Balance of trade
D Terms of trade
E Terms of payment

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