Waec Commerce 1997 Past Questions and Answers

Question 31:

• WAEC 1997

The Stock Exchange does not deal in

A. Shares
B. Treasury bills
C. Debentures
D. Stocks
E. Bonds

Question 32:

• WAEC 1997

The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called

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

Question 33:

• WAEC 1997

Which of the following is not covered by fire insurance policy?

A. Consequential loss
B. Gas explosion
C. Domestic boilers
D. Lightning
E. Kerosene explosion

Question 34:

• WAEC 1997

Which of the following is not considered when siting a retail shop?

A. Advertising
B. Rent
C. Accessibilty
D. Target population
E. Proximity to source of supply

Question 35:

• WAEC 1997

The law stipulating that labels should contain full details about a product is known as the

A. Hire-purchase Act
B. Price Control Act
C. Standards Organisation of Nigeria Act
D. Trade description Act
E. Sale of Goods Act