WAEC Commerce Past Questions & Answers - Page 126

626.

One way of importing goods without the use of foreign exchange is through

A.

exchange controls

B.

entrepot trade

C.

quota

D.

tarriffs

E.

counter trade

Correct answer is E

No explanation has been provided for this answer.

627.

Which of the following assists a Nigerian producer to participate in trade fairs and exhibitions abroad?

A.

Nigerian Ports Plc

B.

Shipping and Clearing Agents

C.

Federal Airports Authority of Nigeria

D.

Customs and Excise Authority

E.

Nigerian Exports Promotion Council

Correct answer is E

No explanation has been provided for this answer.

628.

A partner who contributes to the capital but does not take part in running the business is known as

A.

a sleeping partner

B.

an active partner

C.

a general partner

D.

a nominal partner

E.

a limited partner

Correct answer is A

No explanation has been provided for this answer.

629.

Which of the following guides the operations of a Partnership?

A.

Memorandum of Association

B.

Articles of Association

C.

Certificate of trading

D.

Certificate of Incorporation

E.

The Deed

Correct answer is E

No explanation has been provided for this answer.

630.

An agency that is involved in moving goods or people from place to place for a fee is called

A.

courier agent

B.

consignor

C.

manufacturer

D.

common carrier

E.

factor

Correct answer is D

No explanation has been provided for this answer.