Waec Commerce 1991 Past Questions and Answers

Question 36:

• WAEC 1991

The technique of controlling money supply through the purchase and sale of government bond is called?

A. Bond control technique
B. Exchange control technique
C. Open market operations
D. Price control mechanism
E. Span of control technique

Question 37:

• WAEC 1991

The insurance cover on property being shipped from one location to another comes under?

A. Burglary insurance
B. Fire insurance
C. Marine insurance
D. Annuity insurance
E. Comprehensive automobile insurance

Question 38:

• WAEC 1991

Debentures are part of a company's?

A. Authorized share capital
B. Issued share capital
C. Paid-up capital
D. Loan capital
E. Called-up capital

Question 39:

• WAEC 1991

An application form which is filled by anyone taking out an insurance policy is called?

A. A policy form
B. A claims form
C. A proposal form
D. A questionnaire
E. An entry form

Question 40:

• WAEC 1991

A customer is granted an overdraft by the bank subject to his operating a?

A. Savings account
B. Fixed-deposit account
C. Call-deposit account
D. Current account
E. Loans account