Waec Commerce 1998 Past Questions and Answers

Question 21:

• WAEC 1998

Which of the following is not connected with after-sales services?

A. Installment
B. Granting trade discount
C. Providing spare parts
D. Repairing of product
E. Replacing damaged goods

Question 22:

• WAEC 1998

Credit in business transaction is?

A. A form of loan
B. Compliment to a good customer
C. Provision of services
D. A means of saving money
E. A rebate for large purchases

Question 23:

• WAEC 1998

Which of the following is true of rail transport?

A. Suitable for perishable goods
B. Fast over long distances
C. Maximum handling of goods
D. Gaurantees safety of goods
E. Does not travel on schedule

Question 24:

• WAEC 1998

Which of the following is not a means of controlling credit by the Central Bank?

A. Fixing the bank rate
B. Open market operations
C. Clearing inter-bank indebtedness
D. Special deposits
E. Cashliquidity ratio

Question 25:

• WAEC 1998

Which of the following is not a function of Development Banks?

A. Give long-term loans
B. Invest directly into Agriculture
C. Issue currency notes
D. Give technical advice to investors
E. Embark on priority projects of governments