WAEC Commerce Past Questions & Answers - Page 87

431.

Which of the following institutions does not belong to the capital market

A.

Commercial banks

B.

Development banks

C.

Mortgage banks

D.

Insurance companies

Correct answer is A

No explanation has been provided for this answer.

432.

The time allowed for unloading and loading a ship is referred to as

A.

demurrage

B.

lay days

C.

charter party

D.

charter by demise

Correct answer is B

No explanation has been provided for this answer.

433.

The provision of dredging and dry dock facilities at any sea port is the responsibility of

A.

Ports and Harbours Authority

B.

Customs and Excise Authority

C.

National Health Authority

D.

National Water and Electricity Authority

Correct answer is A

No explanation has been provided for this answer.

434.

The place where dutiable goods are kept until the duties on them are paid is

A.

customs warehouse

B.

public warehouse

C.

bonded warehouse

D.

the wharf

Correct answer is C

No explanation has been provided for this answer.

435.

Which of the following trends in retailing provides the convenience of shopping without cash

A.

Automatic vending

B.

Self-service

C.

Credit card

D.

Window display

Correct answer is C

No explanation has been provided for this answer.