Waec Commerce 1998 Past Questions and Answers

Question 71:

• WAEC 1998

The amount which the insured pays the insurer periodically is

A. Surrender value
B. Premium
C. Interest
D. Compensation
E. Contribution

Question 72:

• WAEC 1998

At what stage is acceptance of offer by post valid? When the letter is

A. Written
B. Posted
C. Delivered
D. Replied
E. Read

Question 73:

• WAEC 1998

The capital of a company indicated in the Memorandum of Association is known as

A. Authorized capital
B. Capital owned
C. Working capital
D. Fixed capital
E. Called-up capital

Question 74:

• WAEC 1998

Which of the following is not a means of water transport?

A. Liner
B. Tanker
C. Barge
D. Tramp
E. Truck

Question 75:

• WAEC 1998

An agency that is involved in moving goods or people from place to place for a fee is called

A. Courier agent
B. Consignor
C. Manufacturer
D. Common carrier
E. Factor