Waec Commerce 2015 Past Questions and Answers

Question 31:

• WAEC 2015

a house insured against damage by flood was burnt down and the owner had no claim. which of the following principles prevented him from making a claim

A. Indemnity
B. Contribution
C. Insurable interest
D. Proximate cause

Question 32:

• WAEC 2015

the market for short term security is called?

A. Commodity market
B. Discount market
C. Money market
D. Stock market

Question 33:

• WAEC 2015

which of the following principls stipulates that the insured must be in a position to suffer financial loss?

A. Indemnity
B. Proximate clause
C. Insurable interest
D. Subrogation

Question 34:

• WAEC 2015

when shares are sold ex-div it means the?

A. Shares are sold at par price
B. Buyer is entitle to the next dividend
C. Shares are sold above par
D. Seller has right to the next dividend

Question 35:

• WAEC 2015

turnover could be increased by

A. Increasing prices and product differentiation
B. Advertising and cutting prices
C. Refusing credit and customer services
D. Increasing the mark up and margin