Waec Commerce Past Questions and Answers

Question 1871:

• WAEC 2013

A person's deliberate decision to reduce the value of her currency is called

A. Deregulation
B. Inflation
C. Devaluation
D. Revaluation

Question 1872:

• WAEC 2013

Which of the following is not a function of warehousing

A. Creating security of goods
B. Stabilization of price
C. Production ahead of demand
D. Storage of goods

Question 1873:

• WAEC 2013

Ad valorem duties are based on the

A. Importance of the goods imported
B. Value of the goods imported
C. Weight of the goods imported
D. Nature of the goods imported

Question 1874:

• WAEC 2013

A tariff refers to

A. Fees imposed on contraband goods
B. Fees paid on exports
C. Taxes imposed on imported goods
D. Taxes paid on home-made goods

Question 1875:

• WAEC 2013

The selling of goods in small units is normally performed by

A. Chambers of commerce
B. Wholesalers
C. Distributors
D. Retailers