Waec Commerce 1996 Past Questions and Answers

Question 36:

• WAEC 1996

Which of the following is has a fixed rate of dividend?

A. Debenture
B. Ordinary share
C. Founder's share
D. Preference share
E. Equity

Question 37:

• WAEC 1996

Which of the following is not a barrier to the smooth functioning of ECOWAS?

A. Different currencies
B. Different languages
C. Adequate population
D. Political crisis
E. Fear of domination

Question 38:

• WAEC 1996

The capital market is a market

A. For long term loans
B. For new shares of public companies
C. Where money is deposited
D. Where foreign currencies are bought and sold
E. For short term loans

Question 39:

• WAEC 1996

Which of the following is primarily established to promote the growth of industry in Nigeria?

A. NITEL
B. UBA
C. NIPOST
D. NIDB
E. UAC

Question 40:

• WAEC 1996

Another name for sea taxi is

A. Tramp
B. Liner
C. Special frieghter
D. Voyage charter
E. Flying boat