WAEC Commerce Past Questions & Answers - Page 321

1,601.

The main disadvantage of rail transport to traders is that?

A.

it carries bulky goods only

B.

its cost of carriage is high

C.

it is slow and flexible

D.

it causes road congestion

E.

it travels on schedule

Correct answer is C

No explanation has been provided for this answer.

1,602.

Which of the following is not a necessary seaport facility?

A.

Berth

B.

Warehouse

C.

Containers

D.

Cranes

E.

Tramac

Correct answer is C

No explanation has been provided for this answer.

1,603.

A bill holder wishing to dispose of his bills before maturity would be paid?

A.

the discount value of the bill

B.

the present value of the bill

C.

the premium on the bills only

D.

the accumulated interest on the bills

E.

total face value of the bills with the premium

Correct answer is A

No explanation has been provided for this answer.

1,604.

Which of the following is not a means of effecting payment through current account?

A.

Cheques

B.

Standing orders

C.

Giro system

D.

Credit transfer

E.

Credit card

Correct answer is C

No explanation has been provided for this answer.

1,605.

Which of the following is not a means of money?

A.

Divisibility

B.

Portability

C.

Accessibility

D.

Recognizability

E.

Durability

Correct answer is C

No explanation has been provided for this answer.