Waec Commerce 1992 Past Questions and Answers

Question 21:

• WAEC 1992

The main similarity between commercial banks and other financial institution is?

A. The acceptance of customers' deposit and making on their behalf
B. Financing of balance of payment deficits
C. Creating and destroying money
D. Giving credits to individuals or organizations
E. Giving night safe facilities

Question 22:

• WAEC 1992

Ware house are located in Lagos because of?

A. Availability of wholesale
B. Even development
C. Nearness to sea and airports
D. The need to check smuggling
E. The need to create additional cost of production

Question 23:

• WAEC 1992

A speculator who buys shares and stocks in anticipating of a rise in their price at the stock Exchange is a?

A. Bull
B. Bear
C. Broker
D. Jobber
E. Stag

Question 24:

• WAEC 1992

A del credere agents is distinguished from other agent in that he?

A. Is a partner in a trading fim
B. Works for his principal on commission basis
C. Is a middle man in a transaction involving two or more people
D. Usually guarantees payments in any transcaction
E. Is a dealer on the stock exchange

Question 25:

• WAEC 1992

Which of the following cannot be used as a means of transport between Kano and Lagos?

A. Airplane
B. Ship
C. Train
D. Bus
E. Car