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Commerce 2013 WAEC Past Questions

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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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36

Ad valorem duties are based on the

  • A. importance of the goods imported
  • B. value of the goods imported
  • C. weight of the goods imported
  • D. nature of the goods imported
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37

A tariff refers to

  • A. fees imposed on contraband goods
  • B. fees paid on exports
  • C. taxes imposed on imported goods
  • D. taxes paid on home-made goods
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38

The selling of goods in small units is normally performed by

  • A. chambers of commerce
  • B. wholesalers
  • C. distributors
  • D. retailers
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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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39

Direct sales to consumers by manufacturers is a means of eliminating

  • A. wholesalers only
  • B. retailers only
  • C. middlemen
  • D. agents
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40

A physical restriction placed on the quantity of goods that can be imported is

  • A. a ban
  • B. a quota
  • C. an excise duty
  • D. an import tax
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts