Waec Commerce 2005 Past Questions and Answers

Question 36:

• WAEC 2005

The fee which the bank charges for services rendered to their current account customers is

A. Commission on turnover
B. Bank rate
C. Minimum lending rate
D. Interest

Question 37:

• WAEC 2005

Which of the following would not affect the form of a business unit

A. Availability of raw materials
B. The type of business
C. Number of persons involved
D. The capital size

Question 38:

• WAEC 2005

Partnership form of business is most appropriate

A. Where proffessionals are needed
B. For non-profit making ventures
C. Where very large capital is required
D. Where the liability of members is limited

Question 39:

• WAEC 2005

Partnership form of business is most appropriate

A. Where proffessionals are needed
B. For non-profit making ventures
C. Where very large capital is required
D. Where the liability of members is limited

Question 40:

• WAEC 2005

The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The authorized share capital is

A. #400,000
B. #200,000
C. #100,000
D. #50,000