Commerce 2009 Waec Past Questions and Answers

Question 41 :

• WAEC 2009

Life assurance premium is determined by the assured's

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

Question 42 :

• WAEC 2009

Which of the following is not a function of the commercial bank?

A. Collection of deposit
B. Safe custody services
C. Issuing of currency
D. Agents of payment

Question 43 :

• WAEC 2009

The police and the army are engaged in

A. Direct service occupation
B. Indirect service occupation
C. Industrial occupation
D. Primary occupation

Question 44 :

• WAEC 2009

Which of the following are exclusively functions of marketing?

A. Buying, pricing, selling and promotion
B. Risk-bearing, storage, production and transporting
C. Organizing, risk-bearing, transporting and storage
D. Production, promotion, distribution and recruiting

Question 45 :

• WAEC 2009

A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as

A. Group policy
B. Whole life policy
C. Endowment policy
D. Term policy