Waec Commerce 2006 Past Questions and Answers

Question 21:

• WAEC 2006

The provision of dredging and dry dock facilities at any sea port is the responsibility of

A. Ports and Harbours Authority
B. Customs and Excise Authority
C. National Health Authority
D. National Water and Electricity Authority

Question 22:

• WAEC 2006

The time allowed for unloading and loading a ship is referred to as

A. Demurrage
B. Lay days
C. Charter party
D. Charter by demise

Question 23:

• WAEC 2006

Which of the following institutions does not belong to the capital market

A. Commercial banks
B. Development banks
C. Mortgage banks
D. Insurance companies

Question 24:

• WAEC 2006

The beneficiary of a cheque is called

A. Acceptor
B. Drawee
C. Drawer
D. Payee

Question 25:

• WAEC 2006

The speculator who applies for a new issue of shares without the intention of keeping them is

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