Waec Commerce Past Questions and Answers

Question 1731:

• WAEC 2011

If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in

A. Multi-lateral trade
B. Counter trade
C. Barter trade
D. Entrepot trade

Question 1732:

• WAEC 2011

Manufacturers may sell goods directly to consumers where goods are i. made to customer's specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded

A. I,iii and iv only
B. I and iii only
C. Iii,iv and v only
D. Iii and iv only

Question 1733:

• WAEC 2011

Which of the following is a means of payment?

A. I.O.U
B. Postal order
C. Promissory note
D. C.I.F

Question 1734:

• WAEC 2011

Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as

A. Invisible imports
B. Invisible exports
C. Visible imports
D. Vivible exports

Question 1735:

• WAEC 2011

The main divisions of production are

A. Industry, direct and indirect services
B. Extraction, manufacturing and construction
C. Industry, commerce and direct services
D. Industry, commerce and trading