Waec Commerce 2016 Past Questions and Answers

Question 1:

• WAEC 2016

where a number of insurance companies are liable under one policy, the principle applicable is ?

A. Subrogation
B. Contribution
C. Indemnity
D. Utmost good faith

Question 2:

• WAEC 2016

where a number of insurance companies are liable under one policy, the principle applicable is ?

A. Subrogation
B. Contribution
C. Indemnity
D. Utmost good faith

Question 3:

• WAEC 2016

Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?

A. Hedging
B. Projection
C. Forecasting
D. Speculation

Question 4:

• WAEC 2016

Another name for a dishonoured cheque is?

A. An order cheque
B. A bounced cheque
C. A bearer cheque
D. An open cheque

Question 5:

• WAEC 2016

which of the folloing is an example of life insurance

A. Third party policy
B. Comprehensive policy
C. Fidelity guaranteed policy
D. Endowment policy