Waec Commerce 2003 Past Questions and Answers

Question 41:

• WAEC 2003

The process of dealing with a cheque once it has been paid into the creditor's bank is?

A. Clearing
B. Accepting
C. Negotiating
D. Discounting

Question 42:

• WAEC 2003

Which of the following is taken type of insurance is taken against claims made by staff who get injured while at work?

A. Fidelity guarantee insurance
B. Consequential loss insurance
C. Products' liability insurance
D. Employers' liability company

Question 43:

• WAEC 2003

If the insured has been fully indemnified, the insurers are entitled to take any advantage due the insured. The principle of insurance involved is?

A. Indemnity
B. Suborgation
C. Contribution
D. Insurable interest

Question 44:

• WAEC 2003

Who the following sells among securities in anticipation of a fall in price?

A. Bear
B. Stag
C. Jobber
D. Bull

Question 45:

• WAEC 2003

Which of the following provides a proof posting and that the item has got to the addressee?

A. Certificate of posting
B. Recorded delivery
C. Registration latter
D. Express letter