Waec Commerce 2012 Past Questions and Answers

Question 1:

• WAEC 2012

The development of trade in West Africa was aided by the

A. Emergence of traditional rulers
B. Arrival of the Portuguese
C. Introduction of tax payment
D. Introduction of money

Question 2:

• WAEC 2012

The development of trade in West Africa was aided by the

A. Emergence of traditional rulers
B. Arrival of the Portuguese
C. Introduction of tax payment
D. Introduction of money

Question 3:

• WAEC 2012

An issuing house is an outlet for

A. New shares and bonds
B. Non-listed companies shares
C. Existing shares and bonds
D. Only gilt-edged securities

Question 4:

• WAEC 2012

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

A. F.O.R
B. C.I.F
C. F.A.S
D. Loco

Question 5:

• WAEC 2012

The relationship between all imports and exports of a country is known as

A. Terms of trade
B. Balance of trade
C. Balance of payment
D. Terms of payment