Waec Commerce Past Questions and Answers

Question 531:

• WAEC 1994

Which of the following is an example of extractive industry?

A. Sewing dresses
B. Constructing bridges
C. Baking bread
D. Assembling iron rods
E. Digging for precious stones

Question 532:

• WAEC 1994

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

A. Bonus issue
B. Private placing
C. Offer for sale
D. Rights issue
E. Issue by prospectus

Question 533:

• WAEC 1994

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

A. Bonus issue
B. Private placing
C. Offer for sale
D. Rights issue
E. Issue by prospectus

Question 534:

• WAEC 1994

The agreed amount payable to a policy holder when the event insured against occurs is?

A. Surrender value
B. Sum assured
C. Indemnity
D. Insurable interest
E. Endowment

Question 535:

• WAEC 1994

The rate at which one country”s products are exchanged for the products of another is?

A. Balance of trade
B. Balance on current account
C. Terms of trade
D. Balance of payments
E. Foreign exchange