Waec Commerce Past Questions
Question 31
Another name for a foreign order is
- A. consular invoice
- B. dock warrant
- C. standing order
- D. indent
- E. Pro forma invoice
Question 32
Which of the following is not a function of the Nigerian Airport Authority?
- A. Maintains the buildings and tarmac
- B. Collects airport taxes
- C. Controls movement of aircrafts
- D. Maintains all aircrafts in the country
- E. Maintains security
Question 33
Which of the following is not a means of controlling credit by the Central Bank?
- A. Fixing the bank rate
- B. Open market operations
- C. Clearing inter-bank indebtedness
- D. Special deposits
- E. Cashliquidity ratio
Question 34
Which of the following is true of rail transport?
- A. Suitable for perishable goods
- B. Fast over long distances
- C. Maximum handling of goods
- D. Gaurantees safety of goods
- E. Does not travel on schedule
Question 35
Credit in business transaction is?
- A. a form of loan
- B. compliment to a good customer
- C. provision of services
- D. a means of saving money
- E. a rebate for large purchases
