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Commerce 1992 WAEC Past Questions

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41
Which of the following is not a reason for dishonoring a cheque?
  • A. Irregular signature
  • B. Signed alteration on the cheque
  • C. Insufficient fund in drawer's account
  • D. Drawers stopped payment on time
  • E. Amount in words differs from what written in figures
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42
A charge is specified cross if?
  • A. it has two parallel lines across it
  • B. the words & Co are written in between the lines?
  • C. the name of a bank is written across it
  • D. the words not negotiable are written across it
  • E. the name of the banker on the cheque
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43
The difference between the value of imports of goods for a particular year is known as?
  • A. balance of payment
  • B. balance sheet
  • C. balance of trade
  • D. terms of trade
  • E. terms of payment
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44
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
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45
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
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