WAEC Past Questions and Answers - Page 480

2,396.

The purchase of one company by another is called?

A.

incorporation

B.

merger

C.

cartel

D.

nationalization

E.

privatization

Correct answer is B

No explanation has been provided for this answer.

2,397.

Which of the following documents transfers title to goods?

A.

bill of exchange

B.

treasure bill

C.

bill of lading

D.

bill of sight

E.

bill of sale

Correct answer is C

No explanation has been provided for this answer.

2,398.

Customs duties are?

A.

excise duties

B.

dock dues

C.

customary dues

D.

customs officers'' duties

E.

import tariffs

Correct answer is E

No explanation has been provided for this answer.

2,399.

In his epistle to the Romans, Paul advocated all the following as ways of using our talents except

A.

Thinking of oneself with sober judgement

B.

Using our talent in proportion to our faith

C.

Making indidvidual contributions liberally

D.

Serving the Lord with cheerfulness

E.

Thinking of oneself with pride

Correct answer is E

No explanation has been provided for this answer.

2,400.

Which of the following is not a reason for imposing a tariff? to

A.

correct an adverse balance of payments

B.

raise revenue for the government

C.

encourage imports

D.

protect infant industries

E.

encourage the consumption of home-produced goods

Correct answer is C

No explanation has been provided for this answer.