Waec 2008 Commerce Past Questions And Answers

Note: You Can Select Post UTME Schools Name Below The Exam Year.
1

A refund of the duty collected on goods imported into a country which are later re-exported is called

  • A. excise duty
  • B. ad valorem tax
  • C. customs drawback
  • D. demurrage
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2

Which of the following advertising media combines the advantages of both sight and sound?

  • A. Television
  • B. Radio
  • C. Neon sign
  • D. Billboard
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3

Which of the following is mostly used by a mail order business to sell goods

  • A. Posters
  • B. Catalogues
  • C. Journals
  • D. Magazines
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4

The net profit is calculated as

  • A. sales less purchases
  • B. sale less expenses
  • C. gross profit less expenses
  • D. gross profit less purchases
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5

(a) What is transportation?

(b) Explain dead freight.

(c) List and explain five factors that will determine a seller's mode of transportation.

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6

Information requested from a bank concerning the credit worthiness of a new customer to a business is

  • A. private enquiry
  • B. status enquiry
  • C. general enquiry
  • D. letter of enquiry
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7

Write short notes on the following types of retail outlets:

(a) supermarket

(b) mobile shops

(c) department stores

(d) chain stores

(e) hawking.

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8

A business that is independent of its owners is a

  • A. sole proprietorship
  • B. partnership
  • C. limited liability company
  • D. co-operative society
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9

The buying and selling of goods and services within a country is called

  • A. counter trade
  • B. entrepot trade
  • C. foreign trade
  • D. home trade
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10

If a customer opens a deposit account with a bank, he will

  • A. recieve a crossed cheque book
  • B. be given a tally
  • C. be given a loan
  • D. recieve interest
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