Waec Commerce 2010 Past Questions and Answers

Question 1:

• WAEC 2010

A bonded warehouse is a place for keeping

A. Contraband goods
B. Dutiable goods
C. Tax free goods
D. Smuggled goods

Question 2:

• WAEC 2010

A bonded warehouse is a place for keeping

A. Contraband goods
B. Dutiable goods
C. Tax free goods
D. Smuggled goods

Question 3:

• WAEC 2010

Which of the following can quote its shares on the stock exchange

A. Partnership
B. Sole-proprietorship
C. Co-operative society
D. Public limited company

Question 4:

• WAEC 2010

If a businessman wants to insure against dishonesty of the cashier, he will take

A. Burglary policy
B. An employer's liability cover
C. A fidelity guarantee cover
D. A consequential loss policy

Question 5:

• WAEC 2010

Which of the following describes the reason for international trade

A. Balance of payment
B. Comparative cost advantage
C. Absolute cost advantage
D. Balance of trade