Waec Commerce 2012 Past Questions and Answers

Question 26:

• WAEC 2012

Which of the following is not an economic grouping

A. Lake Chad Basin Commission
B. Economic Community of West African States
C. European Union
D. International Monetary Fund

Question 27:

• WAEC 2012

One of the principles of insurance is

A. Consequential loss
B. Fidelity guarantee
C. Proximate cause
D. Surrender value

Question 28:

• WAEC 2012

A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is known as

A. Standing order
B. Money order
C. Bank draft
D. Overdraft

Question 29:

• WAEC 2012

A collective bundle of shares is called?

A. Debenture
B. Stock
C. Bond
D. Share

Question 30:

• WAEC 2012

The assets of a business that is available for cash or near cash is called

A. Equity
B. Capital employed
C. Received capital
D. Liquid capital