SS 3 COMMERCE PAST QUESTIONS (WAEC/NECO)

The West Africa Clearing House (WACH) was established

Farming is an activity that falls under

Which of the following is a means by which a contract of agency could be terminated?

Who is responsible for the payment of the bill in documentary credits?

The main advantage of sea transport over air transport is

Total assets minus current liabilities is equal to a company’s

The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by

Which of the following is used to show that goods imported were produced in an ECOWAS member country?

Which of the following is not used to correct an adverse balance of payment?

The minimum charge at which the central bank lends to commercial banks is called

An open cheque is one

Which of the following has as one of its objectives the removal of obstacles to movement of people and goods across the boundaries of member countries?

Which of the following is an intangible asset of a firm?

Which of the following is not a method of discharging a contract?

Which of the following is not an obstacle to the achievement of the objective of ECOWAS?

Dividend is a always expressed as a percentage of total

Which of the following can be defined as trade and aid to trade?

A private company is one which must publish its audited account must publish its audited account

The main feature of a holding company is

Who among the following does not function in the stock exchange market?

A retailer sells his products at “buy-two-take-three”. The sales promotion method referred to is

Market skimming is an example of

A debenture is mortgaged when it is

Which of the following is not suitable for hire purchase?

Which of the following provides a proof of posting and that the item has got to the addresses?

Which of the following is not a function of the ports Authority?

A label as a product such as “Three Crown Milk” is a form of

A retirement insurance policy which enables the assured to receive income for a specific period is

Which of the following is true of rail transport?

Which of the following gives businessmen the opportunity to buy shares of public limited companies?

Which of the following involves the delivery of mails to a traveler without fixed address?

The refund made on goods re-exported after being imported is known as

If a share is sold at a price below its first value, it is sold

Which of the following organizations aim at providing relief for countries facing adverse balance of payment?

Which of the following is a method of sales promotion?

The term legal tender refers to

The process by which the government takes over the ownership ad control of an existing private business is

When an insurance company indemnifies the insured and takes over his rights, this is known as

A refund of the duty collected on goods imported and processed for re-export is

The various rights attached to different classes of shares are stated in the

If the amount of dividend paid varies according to the level of profit; what type of share is involved?

The production of goods in anticipation of demand is possible because of the existence of

Which of the following terms is used in marine insurance when the cargo suffers partial loss?

A partner with an unlimited liability is known as a

A specially designed container to convey crude oil or liquid from one’ location to another is a

Partnership form of business is most appropriate

C & F as a price quotation in foreign trade means that the buyer

The scope of commerce is limited to

An advantage of a public limited company over a private one is the

The process of dealing with a cheque once it has been paid into the creditor’s bank is