Commerce 2009 Waec Past Questions and Answers

Question 6 :

• WAEC 2009

Life assurance premium is determined by the assured's

A. Educational level
B. Age
C. Reputation
D. Number of children

Question 7 :

• WAEC 2009

Which of the following is not a contract of indemnity

A. Marine insurance
B. Fire insurance
C. Life Assurance
D. Burglary insurance

Question 8 :

• WAEC 2009

A stale cheque is one on which the date for payment is

A. Overdue
B. Yet to come
C. Missing
D. Due

Question 9 :

• WAEC 2009

When an order cheque is endorsed it becomes a

A. Confirmed cheque
B. Bearer cheque
C. Dishonoured cheque
D. Cleared cheque

Question 10 :

• WAEC 2009

The authority given to a bank to make regular payments on behalf of a customer is

A. Credit transfer
B. Bank endorsement
C. Standing order
D. Bank overdraft