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Commerce 2010 WAEC Past Questions

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1

A bonded warehouse is a place for keeping

  • A. contraband goods
  • B. dutiable goods
  • C. tax free goods
  • D. smuggled goods
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2

Which of the following can quote its shares on the stock exchange

  • A. Partnership
  • B. Sole-proprietorship
  • C. Co-operative society
  • D. Public limited company
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3

If a businessman wants to insure against dishonesty of the cashier, he will take

  • A. burglary policy
  • B. an employer's liability cover
  • C. a fidelity guarantee cover
  • D. a consequential loss policy
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4

Which of the following describes the reason for international trade

  • A. Balance of payment
  • B. Comparative cost advantage
  • C. Absolute cost advantage
  • D. Balance of trade
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5

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

  • A. buy from many manufacturers
  • B. maintain personal relationship with customers
  • C. stock only one line of goods in their stalls
  • D. do not separate business money from personal money
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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