Waec Commerce 2015 Past Questions and Answers

Question 46:

• WAEC 2015

A tax charged in proportion to the value of imported goods is?

A. Specific duty
B. Ad valorem
C. Custom duty
D. Excise duty

Question 47:

• WAEC 2015

which of the following is a reason for failure of public corporations

A. Legal requirement
B. Inadequate funding
C. Political stability
D. Lack of competion

Question 48:

• WAEC 2015

which of the following is a document of title of goods

A. Bill of exchange
B. Bill of entry
C. Letter of hypothecation
D. Bill of lading

Question 49:

• WAEC 2015

the fee paid for transporting goods by ship is

A. Fare
B. Freight
C. Demurrage
D. Charges

Question 50:

• WAEC 2015

The minimum lending rate of a bank is a component of its

A. Current assets
B. Debit balances
C. Credit balance
D. Fixed assets