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WAEC 1995
Commerce 1995 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
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Trade Associations and Economic Groups
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ICT in Commerce
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ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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11
Del-credere commission is an?
A.
allowance paid to a supplier
B.
extra allowance paid for guaranteeing recovery of debts
C.
allowance paid to all commission agents
D.
'allowance paid bythe agent
E.
allowances to ensure delivery of goods by commission agent
View Answer & Discuss
WAEC 1995
12
Which of the following is classified as invisible item in_the balance of payments?
A.
. Export of goods
B.
import of machinery
C.
1 Gifts
D.
. Sale of assets
E.
Salaries of expatriates
View Answer & Discuss (1)
WAEC 1995
13
Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller’s warehouse up to his own warehouse?
A.
LOCO
B.
F.O. R
C.
F.A.S
D.
C.I.F
E.
C.F
View Answer & Discuss
WAEC 1995
14
A trade in which many countries exchange goods and services is called?
A.
bilateral trade
B.
entrepot trade
C.
economic union
D.
multilateral trade
E.
counter trade
View Answer & Discuss
WAEC 1995
15
Which of the following is used to ascertain the correct value of imports for purposes of assessing customs duty’
A.
Certificate of origin
B.
Open-indent
C.
Bill of Lading
D.
Ships manifest
E.
Bill of entry
View Answer & Discuss
WAEC 1995
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