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Commerce 2015 WAEC Past Questions

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21

Which of the following business units enjoys government subsidies

  • A. private limited company
  • B. limited partnership
  • C. public limited company
  • D. public enterprises
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22

Duty drawback refers to duties paid on?

  • A. exported goods produced with local content
  • B. re-exported goods previously imported
  • C. imported goods for sale locally
  • D. locally manufactured goods for sale locally
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23

The capital used in the day to day running of a business is?

  • A. nominal capital
  • B. working capital
  • C. paid up capital
  • D. authorized capital
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24

Which of the following is classified under current assets

  • A. machinery
  • B. motor vehicle
  • C. stock
  • D. fittings
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25

The reduction in the value of a country's currency in  relation to others is?

  • A. re denomination
  • B. devaluation
  • C. inflation
  • D. deflation
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