Waec Commerce Past Questions and Answers

Question 2086:

• WAEC 2017

The duty payable on goods produced locally iis

A. Export duty
B. Excise duty
C. Import duty
D. Advalorem duty

Question 2087:

• WAEC 2017

An overdraft is granted to holders of?

A. Savings accounts
B. Loan accounts
C. Deposit accounts
D. Current accounts

Question 2088:

• WAEC 2017

The amount of capital used in the day-to-day running of a company is?

A. Working capital
B. Capital emplyed
C. Share capital
D. Fixed capital

Question 2089:

• WAEC 2017

an example of an invisible item of trade is?

A. Oil
B. Shipping
C. Machinery
D. Textile

Question 2090:

• WAEC 2017

in a hire purchase agreement, the buyer is the

A. Agent
B. Hirer
C. Lesse
D. Lessor