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Commerce 2000 WAEC Past Questions

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11

A refund of the duty collected on goods imported and processed for re-export is?

  • A. excise duty
  • B. excise draw back
  • C. preferential duty
  • D. value added tax
View Answer & Discuss (3) WAEC 2000
12

When a country's total visible and invisible exports are more than its visible and invisible imports, it has?

  • A. favourable balance of payments
  • B. favourable balance of trade
  • C. unfavourable balance of trade
  • D. unfavourable balance of payment
View Answer & Discuss (1) WAEC 2000
13
Which of the following is not a function of a retailer?
  • A. Supplying goods to final consumers
  • B. Bulk breaking
  • C. Giving information to the wholesaler
  • D. Branding and packaging of goods
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14
A merchant who wishes to order goods from a foreign country sends?
  • A. an invoice
  • B. an indent
  • C. an advice note
  • D. a credit note
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15
A merchant who wishes to order goods from a foreign country sends?
  • A. an invoice
  • B. an indent
  • C. an advice note
  • D. a credit note
View Answer & Discuss WAEC 2000
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