Commerce Past Questions And Answers
721
The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as
- A. current account
- B. monetary movement account
- C. capital account
- D. social-welfare account
722
In sea transport, vessels that operate on fixed routes and schedules are called?
- A. ferries
- B. yachts
- C. liners
- D. tramps
723
Which of the following will not be considered in choosing a channel of distribution?
- A. Nature of product
- B. Preferences of customers
- C. Volume of sales
- D. Quality of product
724
A close indent is an instruction to an agent to
- A) Order goods from a particular manufacturer
- B) Order goods from any manufacturer
- C) Sell goods in any form
- D) Sell goods to a certain firm
725
Which of the following belongs to the capital market?
- A. Commercial bank
- B. Savings bank
- C. Stock exchange
- D. Bureau de change
726
A number of shops under one roof is the feature of a?
- A. supermarkets
- B. chain stores
- C. department store
- D. mail order business
727
Which of the following is not a method of trade restriction?
- A. Exchange control
- B. Stock exchange
- C. Import licence
- D. Embargo
728
(a) State four functions of Money:
(b)Explain how the following operators function on a stock exchange
View Discussion (0)WAEC 2021 THEORY729
The most important business objective is to
- A. improve investments
- B. provide quality products
- C. target consumers for satisfaction
- D. carve a niche for the business
730
A type of credit offered by both commercial and merchant banks in Nigeria is?
- A. trade credit
- B. line of credit
- C. discounting facility
- D. overdraft