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Commerce 2021 WAEC Past Questions

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26

One of the functions of the ports authority is

  • A. checking the activities of smugglers.
  • B. collecting import duties
  • C. enforcing law and order in harbours
  • D. providing warehousing services.
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27

Which of the following means of payment requires acceptance by the debtor to make it valuable? 

  • A. Bearer's cheque
  • B. Bill of exchange
  • C. Postal order
  • D. Promissory note
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28

The purpose for which the Central Bank sells securities is to 

  • A. reduce the interest rate
  • B. reduce cash in the economy
  • C. increase cash in the economy
  • D. incrcase the interest rate
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29

The amount a current account holder is allowed to withdraw in excess of the balance in his account is _______

  • A. standing order
  • B. overdraft
  • C. interest
  • D. credit transfer
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30

One of the qualities of tradable goods is 

  • A. divisibility
  • B. heterogeneity
  • C. homogeneity
  • D. perishability
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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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