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Commerce Past Questions

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3211

One of these is a current asset

  • A. Fittings
  • B. Machineries
  • C. Motor vehicles
  • D. stock
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3212

From which of the following sources can partnership increase their capital?

  • A. Sales of shares
  • B. Admission of new partners
  • C. Discharge of mortgage
  • D. Grants from relatives
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3213

One of the disadvantages of rail transport is

  • A. It is not flexible
  • B. It carries bulky goods
  • C. It works at intervals
  • D. Cost of transportation is high
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
3214

The Central Bank Monetary policy instrument by which it buys and sells securities is called

  • A. Bank rate
  • B. Cash reserve ratio
  • C. Open market operation
  • D. Bank credit
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3215

The duties paid on goods produced locally is

  • A. Ad-valorem duty
  • B. excise duty
  • C. export duty
  • D. quota
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709