Waec Commerce 1998 Past Questions and Answers

Question 31:

• WAEC 1998

The insurance policy against claims from customers who might be injured within the business premises is called

A. Life assurance policy
B. Endowment policy
C. Fidelity guarantee insurance
D. Employers liability insurance
E. Engineering insurance

Question 32:

• WAEC 1998

An offer of new shares made to existing shareholders at a preferential price is called?

A. Bonus issue
B. Rights issue
C. Private placing
D. Debenture
E. Preference share

Question 33:

• WAEC 1998

A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his

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

Question 34:

• WAEC 1998

New shares are offered for sale to the public through

A. Acceptable houses
B. The stock exchange
C. Issuing houses
D. Discount houses
E. Mortgage banks

Question 35:

• WAEC 1998

Cash-in-hand and at bank as well as debtors are examples of

A. Current assets
B. Fixed assets
C. Capital owned
D. Capital employed
E. Working capital