Waec Commerce 2006 Past Questions and Answers

Question 16:

• WAEC 2006

An association formed to protect the interests of buyers of various commodities is known as

A. Chamber of commerce
B. Employers association
C. Consumers Association
D. Manufacturers Association

Question 17:

• WAEC 2006

An outright prohibition on the importation of goods to a country is referred to as

A. Quota
B. Tariff
C. Embargo
D. Devaluation

Question 18:

• WAEC 2006

Which of the following assesses duties payable on imports and exports?

A. Ports Authority
B. Central Bank
C. Customs and Excise Authority
D. Export Promotion Council

Question 19:

• WAEC 2006

Which of the following trends in retailing provides the convenience of shopping without cash

A. Automatic vending
B. Self-service
C. Credit card
D. Window display

Question 20:

• WAEC 2006

The place where dutiable goods are kept until the duties on them are paid is

A. Customs warehouse
B. Public warehouse
C. Bonded warehouse
D. The wharf