Waec Commerce Past Questions and Answers

Question 2091:

• WAEC 2017

which of the following terms is not used in price qoutation for goods

A. E. & O,E
B. C.I.F
C. EX works
D. F.A.S

Question 2092:

• WAEC 2017

Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?

A. Valuable consideration
B. Formality
C. Offer and acceptance
D. Capacity

Question 2093:

• WAEC 2017

which of the following documents is used in home trade only

A. Bill of lading
B. Airway bill
C. Certificate of origin
D. Proforma invoice

Question 2094:

• WAEC 2017

the central bank carries out its monetary policy through?

A. Discounting bills
B. Credit ceilling
C. Replacement of worn out notes
D. Bank rates

Question 2095:

• WAEC 2017

the expert reponsible for the calculation of prabability of risk in insurance is?

A. An actuary
B. An underwriter
C. A broker
D. A solicitor