Waec Commerce 1991 Past Questions and Answers

Question 56:

• WAEC 1991

Which of the following enhances the leading powers of commercial banks?

A. High bank rate
B. Increased cash reserve ratio
C. Provision for bad and doubtful debts
D. Decreased liquidity ratio
E. Increased Capital base

Question 57:

• WAEC 1991

A'bear' on the stock exchanges sells share in anticipation of?

A. A fall in price
B. A rise in price
C. A change in price
D. The liquidation of the company concerned
E. New issues

Question 58:

• WAEC 1991

When a share is bought at a rate below the par value, it is said to have been sold?

A. At a discount
B. Cum div
C. At a premium
D. Ax-div
E. Pro-rata

Question 59:

• WAEC 1991

Which of the following is a function of marketing?

A. Manufacturing
B. Quality control
C. Book-keeping
D. Distribution
E. Extraction

Question 60:

• WAEC 1991

The principle of subrogation in insurance means that?

A. The insured could make profit from his loss
B. The insured must be fully indemnified
C. Those insured should pool their risks
D. Parties to the insurance contract must reveal all relevant facts
E. The insurer takes the place of the insured in respect of claims due from third paarties