Waec Commerce Past Questions and Answers

Question 366:

• WAEC 1992

Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?

A. Banks
B. Insurance
C. Transport
D. Advertising
E. Warehousing

Question 367:

• WAEC 1992

In foreign trade, a country specializes in the production of a commodity in which it has?

A. High production potentials
B. The greatest relative advantage
C. A large market
D. Political influence
E. The highest relative cost

Question 368:

• WAEC 1992

A bill of lading is best described as the?

A. Document of title to, the goods on board a ship
B. Certificate of value for the goods on board
C. Evidence of payment of customs duties
D. Certified of goods
E. Certified of quality of goods imported

Question 369:

• WAEC 1992

Organization licensed and authorized to deliver fast malls, and parcels are engaged in?

A. Courier services
B. Career services
C. Post-free sevices
D. Haulage services
E. Transport services

Question 370:

• WAEC 1992

Parties to bill of exchange that is endorsed to a third party are the?

A. Drawer, payee, creditor
B. Drawer, drawee, debtor
C. Payee, drawee, debtor
D. Drawer, drawee, payee
E. Creditor, debtor, drawer