Waec 1998 Commerce Past Questions And Answers
Which of the following is not a feature of hire purchase?
- A. Customer pays initial deposit
- B. Customer pays purchase price plus interest
- C. Payment is by instalment
- D. Ownership of goods passes to the customer on payment of a deposit
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
- A. bull
- B. jobber
- C. bear
- D. stag
Which of the following is not connected with after-sales services?
- A. Installment
- B. Granting trade discount
- C. Providing spare parts
- D. Repairing of product
Which of the following is an example of insurable risk?
- A. Change in consumer's taste
- B. The probability of a third world war
- C. Flood resulting from excessive rain in a year
- D. The death of a business partner
Write the following in full and explain their meanings: (a) C.I.F. (b) F.O.B. (c) F.A.S. (d) F.O.R. (e) C.F.
View Discussion (0)WAEC 1998 THEORYCredit 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
(a) Mention four types of co-operative societies.
(b) State two distinguishing features and two functions of each type mentioned in 2(a) above.
View Discussion (0)WAEC 1998 THEORYWhich 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
Contraband goods seized by the Customs and Excise Authority are kept in the
- A. ordinary warehouse
- B. bonded warehouse
- C. public auctioneer's store
- D. state warehouse
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