Waec Commerce 1995 Past Questions and Answers

Question 31:

• WAEC 1995

Which of the following is not a feature of good banking security? The

A. Asset must be easily converted into cash
B. Value of the asset must be easily ascertained
C. Ownership of the asset must be in doubt
D. Value of the asset should be stable
E. Value of the asset must less than the amount loaned

Question 32:

• WAEC 1995

Selling a bill in less than the face of the value for immediate cash before the due date is to?

A. Retire the bill
B. Honour the bill
C. Discount the bill
D. Protest the bill
E. Withdraw the bill

Question 33:

• WAEC 1995

Which of the following is a non- indemnity insurance?

A. Marine
B. Life
C. Fire
D. Bad debts
E. Burglary

Question 34:

• WAEC 1995

Which of the following regulates and controls the activities of the Nigerian Stock Exchange?

A. Central Bank
B. Association of Commercial Banks
C. Securities and Exchange Commission (SEC)
D. Nigerian Association of Chambers of Commerce
E. Brokers and Jobbers

Question 35:

• WAEC 1995

Which of the following regulates and controls the activities of the Nigerian Stock Exchange?

A. Central Bank
B. Association of Commercial Banks
C. Securities and Exchange Commission (SEC)
D. Nigerian Association of Chambers of Commerce
E. Brokers and Jobbers