Waec Commerce 1994 Past Questions and Answers

Question 36:

• WAEC 1994

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

A. Bonus issue
B. Private placing
C. Offer for sale
D. Rights issue
E. Issue by prospectus

Question 37:

• WAEC 1994

The agreed amount payable to a policy holder when the event insured against occurs is?

A. Surrender value
B. Sum assured
C. Indemnity
D. Insurable interest
E. Endowment

Question 38:

• WAEC 1994

The rate at which one country”s products are exchanged for the products of another is?

A. Balance of trade
B. Balance on current account
C. Terms of trade
D. Balance of payments
E. Foreign exchange

Question 39:

• WAEC 1994

The rate at which one country”s products are exchanged for the products of another is?

A. Balance of trade
B. Balance on current account
C. Terms of trade
D. Balance of payments
E. Foreign exchange

Question 40:

• WAEC 1994

Which of the following is not performed by the shipping and forwarding agents?

A. Reservation ofshipping space
B. Collection of payment from the importer
C. Collection of goods from the factory
D. Preparation of the bill of lading
E. Arrangementfor marine insurance