Waec Commerce 1992 Past Questions and Answers

Question 46:

• WAEC 1992

In foreign trade, a country specializes in the production of a commodity in which it has?

A. High production potentials
B. The greatest relative advantage
C. A large market
D. Political influence
E. The highest relative cost

Question 47:

• WAEC 1992

A bill of lading is best described as the?

A. Document of title to, the goods on board a ship
B. Certificate of value for the goods on board
C. Evidence of payment of customs duties
D. Certified of goods
E. Certified of quality of goods imported

Question 48:

• WAEC 1992

Organization licensed and authorized to deliver fast malls, and parcels are engaged in?

A. Courier services
B. Career services
C. Post-free sevices
D. Haulage services
E. Transport services

Question 49:

• WAEC 1992

Parties to bill of exchange that is endorsed to a third party are the?

A. Drawer, payee, creditor
B. Drawer, drawee, debtor
C. Payee, drawee, debtor
D. Drawer, drawee, payee
E. Creditor, debtor, drawer

Question 50:

• WAEC 1992

Bonded warehouse are controlled by?

A. Wholesale merchants
B. Co-operative wholesale society
C. Shipping and forwarding agencies
D. Customs and Excise authorities
E. Freight forwarders