WAEC Past Questions and Answers - Page 88

436.

Which of the following assesses duties payable on imports and exports?

A.

Ports Authority

B.

Central Bank

C.

Customs and Excise Authority

D.

Export Promotion Council

Correct answer is C

No explanation has been provided for this answer.

437.

An outright prohibition on the importation of goods to a country is referred to as

A.

quota

B.

tariff

C.

embargo

D.

devaluation

Correct answer is C

No explanation has been provided for this answer.

438.

An association formed to protect the interests of buyers of various commodities is known as

A.

Chamber of commerce

B.

Employers association

C.

Consumers Association

D.

Manufacturers Association

Correct answer is C

No explanation has been provided for this answer.

439.

Which of the following is not a duty of a credit union?

A.

Helping members to save

B.

Granting loans

C.

Advising on the use of funds

D.

Confirming members' indebtedness

Correct answer is D

No explanation has been provided for this answer.

440.

Which of the following goods has the lowest rate of turnover?

A.

Staple foods

B.

office stationery

C.

Refrigerator

D.

School exercise books

Correct answer is A

No explanation has been provided for this answer.