Waec Commerce 1994 Past Questions and Answers

Question 1:

• WAEC 1994

Capital owned is the same as?

A. Authorised capital
B. Issued capital
C. Net worth of a business
D. Fixed assets of a business
E. Public limited company

Question 2:

• WAEC 1994

Capital owned is the same as?

A. Authorised capital
B. Issued capital
C. Net worth of a business
D. Fixed assets of a business
E. Public limited company

Question 3:

• WAEC 1994

A business that has no upper limit to the number of owners is?

A. Partnership
B. Private company
C. Public corporation
D. Finance company
E. Public limited company

Question 4:

• WAEC 1994

An agreement between two parties which can be enforced is called?

A. An agency
B. A contract
C. A consideration
D. An offer
E. A warranty

Question 5:

• WAEC 1994

Which of the following is not used by the Central Bank to restrict lending by commercial banks?

A. Management of national debt
B. Reserve Requirement
C. Open Market Operations
D. Special Deposit
E. Cash ratio