Paper 2 · Customs and trade restrictions
Which of the following is a function of Customs and Excise Authorities?
ACollecting customs duty on imports and compiling statistics on trade
BSetting the exchange rate between the local currency and foreign currencies
CIssuing memoranda of association to new private companies
DProviding insurance cover against the risk of theft of imported goods
Explanation: Customs and Excise Authorities collect customs duty and compile statistics on imports/exports.
Derived from ZIMSEC Commerce 7103/02 Paper 2, November 2004, Q3
