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Waec Commerce 1997 Past Questions and Answers

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Waec 1997 Commerce Past Questions

Question 96:


When an industry is nationalized, ownership belongs to the

A. Private investors
B. Indigenes
C. State
D. Shareholders
E. Foreigners

View Answer & Explanation

Question 97:


The payment made to the insured for loss incurred is

A. Premium
B. Indemnity
C. Ex gratia payment
D. Surrender value
E. Interest

View Answer & Explanation

Question 98:


When a bill of exchange is signed by a debtor, it is said to be

A. Accepted
B. Negotiated
C. Honoured
D. Protested
E. Accomodated

View Answer & Explanation

Question 99:


Explain any five reasons why commerce is important in the life of a nation



View Answer & Explanation

Question 100:


(a)Give six features of a public company
(b)Explain four reasons for winding up a public limited company



View Answer & Explanation



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