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Commerce 1989 WAEC Past Questions

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31
A trader who wants to buy goods from another country sends?
  • A. an advice note
  • B. an invoice
  • C. a bill of exchange
  • D. a statement
  • E. an indent
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32
Which of the following is an invisible export of Nigeria?
  • A. Shipping services Nigeria renders to Russia
  • B. Nigeria's crude oil to london
  • C. banking services rendered to Americans resident in Nigeria
  • D. Stockfish from Germany to Nigeria
  • E. Nigeria groundnut to egypt
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33
Most payments in international trade are made by means of?
  • A. cash
  • B. bills of lading
  • C. personal cheques
  • D. letters of credit
  • E. travellers cheques
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34
A deficit in balance of trade occurs when?
  • A. visible exports exceeds invisible imports
  • B. total payments exceed visible exports
  • C. visible imports exceeds visible exports
  • D. invisible exports exceeds invisible imports
  • E. visible exports exceeds invisible imports
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35
The amount of new capitals with which a new company proposes to be registered is called?
  • A. called-up capital
  • B. nominal capital
  • C. fixed capital
  • D. issued capital
  • E. circulating capital
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts