Waec Commerce 1995 Past Questions and Answers

Question 1:

• WAEC 1995

When a company sells shares to existing shareholders at preferential rate, that is called?

A. Rights issue
B. Bonus issue
C. Private placing
D. Sale by auction
E. Lssue by prospectus

Question 2:

• WAEC 1995

When a company sells shares to existing shareholders at preferential rate, that is called?

A. Rights issue
B. Bonus issue
C. Private placing
D. Sale by auction
E. Lssue by prospectus

Question 3:

• WAEC 1995

Which of the following must be include in the Articles of Association?

A. Voting rights of the shareholders
B. The objects of the business
C. The address of the registered office
D. Statement that liability is limited
E. List of types of shares

Question 4:

• WAEC 1995

Which of the following enables production to take place ahead of demand?

A. Transporting
B. Advertising
C. Importing
D. Warehousing
E. Exporting

Question 5:

• WAEC 1995

Called-up capital is the amount?

A. Paid on allotment
B. Paid ontirstcall
C. Paid on appilication
D. Demanded on shares issued
E. . paid-up on all shares