Waec Commerce 1996 Past Questions and Answers

Question 21:

• WAEC 1996

Which of the following may serve as delivery note?

A. Debit note
B. Credit note
C. Invoice
D. Advice note
E. Statement of account

Question 22:

• WAEC 1996

Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?

A. Uberrimae fidei
B. Subrogation
C. Indemnity
D. Proximate cause
E. Insurable interest

Question 23:

• WAEC 1996

The price charged for leasing a ship is known as

A. Way bill
B. Haulage
C. Clean bill
D. Freight
E. Demurrage

Question 24:

• WAEC 1996

Goods in bonded warehouses are under the strict supervision of the

A. Customs Authority
B. Ports Authority
C. Importer
D. Clearing agent
E. Exporter

Question 25:

• WAEC 1996

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

A. The Nigerian Capital Market Association
B. The Securities and Exchange Commmission
C. The Nigerian Deposit Insurance Commission
D. The Nigerian Reinsurance Corporation
E. The Central Bank of Nigeria