Waec Commerce 2021 Past Questions and Answers

Question 46:

• WAEC 2021

One of the functions of the ports authority is

A. Checking the activities of smugglers.
B. Collecting import duties
C. Enforcing law ad order in harbours
D. Providing warehousing services.

Question 47:

• WAEC 2021

Which of the following means of payment requires acceptance by the debtor to make it valuable?

A. Bearer's cheque
B. Bill of exchange
C. Postal order
D. Promissory note

Question 48:

• WAEC 2021

The purpose for which the Central Bank sells securities is to

A. Reduce the interest rate
B. Reduce cash in the economy
C. Increase cash in the economy
D. Incrcase the interest rate

Question 49:

• WAEC 2021

The amount a current account holder is allowed to withdraw in excess of the balance in his account is ____________

A. Standing order
B. Overdraft
C. Interest
D. Credit transfer

Question 50:

• WAEC 2021

One of the qualities of tradable goods is ____________

A. Divisibility
B. Heterogeneity
C. Homogeneity
D. Perishability