Waec Commerce 2004 Past Questions and Answers

Question 21:

• WAEC 2004

Which of the following is regarded as a document of title in foreign trade?

A. Consular invoice
B. Bill of lading
C. Bill of sight
D. Certificate of origin

Question 22:

• WAEC 2004

The most acceptable means of payment in foreign transaction is

A. Personal cheques
B. Central bank cheques
C. Irrevocable letters of credit
D. Bankdrafts

Question 23:

• WAEC 2004

Which of the following is not a function of the Ports Authority

A. Controlling pollution in rivers
B. Providing parking space for vehicles
C. Providing storage and warehousing facilities at the docks
D. Providing facilities for water traffic movement

Question 24:

• WAEC 2004

Terms of trade refers to

A. Agreement between two trading countries
B. The difference between the value of imports and exports
C. The relationship between export and import prices
D. All payments made to other countries and reciepts of them

Question 25:

• WAEC 2004

The aid to trade responsible for the preservation of perishable items is

A. Warehousing
B. Insurance
C. Transportation
D. Warehousing