Waec Commerce 1995 Past Questions and Answers

Question 26:

• WAEC 1995

Which of the following belongs to the capital market?

A. Commercial bank
B. Savings bank
C. Stock exchange
D. Bureau de change
E. Clearing house

Question 27:

• WAEC 1995

Which of the following is not true of insurance?

A. A large number of pecple face the same risk
B. A Possibility of making profit out of an event
C. Only a small number will actually suffer the loss in any one year
D. A large number makes a small contribution to a common pool
E. Possibility of assessing the frequency of occurrence of the event

Question 28:

• WAEC 1995

Which of the following belongs to the capital market?

A. Commercial bank
B. Savings bank
C. Stock exchange
D. Bureau de change
E. Clearing house

Question 29:

• WAEC 1995

Which of the following is not true of insurance?

A. A large number of people face the same risk
B. Possibility of making a profit out of an event
C. Only a small number will actually suffer the loss in any one year
D. A large making makes a small contribution to common pool
E. Possibility of assessing the frequency of occurrence of the event

Question 30:

• WAEC 1995

Which of the following policies qualifies the holder to income to income tax relief?

A. Accident insurance
B. Public liability insurance
C. Comprehensive insurance
D. Endowment assurance
E. Fidelity guarantee insurance