WAEC Commerce Past Questions & Answers - Page 212

1,056.

When a country's total visible and invisible exports are more than its visible and invisible imports, it has?

A.

favourable balance of payments

B.

favourable balance of trade

C.

unfavourable balance of trade

D.

unfavourable balance of payment

Correct answer is B

No explanation has been provided for this answer.

1,057.

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

A.

excise duty

B.

excise draw back

C.

preferential duty

D.

value added tax

Correct answer is B

No explanation has been provided for this answer.

1,058.

Which of the following is not contained in an advice note?

A.

Types of goods

B.

Price of goods

C.

Date of dispatch

D.

Means of dispatch

Correct answer is D

No explanation has been provided for this answer.

1,059.

A consignment note is used when?

A.

goods are wrapped and labelled for easy identification

B.

goods are dispatched to agent through transporters

C.

damaged goods are being returned

D.

there is over-invoicing

Correct answer is B

No explanation has been provided for this answer.

1,060.

A retail outlet which sells a fairly narrow range of goods with a number of branches in different towns is a?

A.

supermarket

B.

mail-order shop

C.

mobile shop

D.

multiple shop

Correct answer is A

No explanation has been provided for this answer.