Waec Commerce 1992 Past Questions and Answers

Question 41:

• WAEC 1992

The abbreviation IDAPOLY on the letter - headed papers of the federal polytechnic Idah is an example of a?

A. Cablegram
B. Postmark
C. Post code
D. Telegraphic address
E. Multiple address telegram

Question 42:

• WAEC 1992

Which of the following is not a reason for dishonoring a cheque?

A. Irregular signature
B. Signed alteration on the cheque
C. Insufficient fund in drawer's account
D. Drawers stopped payment on time
E. Amount in words differs from what written in figures

Question 43:

• WAEC 1992

A charge is specified cross if?

A. It has two parallel lines across it
B. The words & Co are written in between the lines?
C. The name of a bank is written across it
D. The words not negotiable are written across it
E. The name of the banker on the cheque

Question 44:

• WAEC 1992

The difference between the value of imports of goods for a particular year is known as?

A. Balance of payment
B. Balance sheet
C. Balance of trade
D. Terms of trade
E. Terms of payment

Question 45:

• WAEC 1992

Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?

A. Banks
B. Insurance
C. Transport
D. Advertising
E. Warehousing