Waec Commerce Past Questions and Answers

Question 261:

• WAEC 1991

A trade deficit means that?

A. The balance of trade is favourable
B. Exports are less than imports
C. Imports are less than export
D. Exports are decreasing
E. The balance of payments is unfavourable

Question 262:

• WAEC 1991

A document issued by the government authorizing a person to take goods out of the country for sale abroad is known as?

A. Export licence
B. Import licence
C. Dock warrant
D. Bill of lading
E. Consular invoice

Question 263:

• WAEC 1991

The naria is legal tender because it is?

A. Recongnizable
B. Backed by law
C. Generally acceptable
D. Homogeneous
E. Portable

Question 264:

• WAEC 1991

Which of the following enhances the leading powers of commercial banks?

A. High bank rate
B. Increased cash reserve ratio
C. Provision for bad and doubtful debts
D. Decreased liquidity ratio
E. Increased Capital base

Question 265:

• WAEC 1991

A'bear' on the stock exchanges sells share in anticipation of?

A. A fall in price
B. A rise in price
C. A change in price
D. The liquidation of the company concerned
E. New issues