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Waec Commerce Past Questions and Answers

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Waec Commerce Past Questions

Question 606:


Which of the following is not true of insurance?

A. A large number of pecple face the same risk
B. A Possibility of making profit out of an event
C. Only a small number will actually suffer the loss in any one year
D. A large number makes a small contribution to a common pool
E. Possibility of assessing the frequency of occurrence of the event


Question 607:


Which of the following belongs to the capital market?

A. Commercial bank
B. Savings bank
C. Stock exchange
D. Bureau de change
E. Clearing house


Question 608:


Which of the following is not true of insurance?

A. A large number of people face the same risk
B. Possibility of making a profit out of an event
C. Only a small number will actually suffer the loss in any one year
D. A large making makes a small contribution to common pool
E. Possibility of assessing the frequency of occurrence of the event


Question 609:


Which of the following policies qualifies the holder to income to income tax relief?

A. Accident insurance
B. Public liability insurance
C. Comprehensive insurance
D. Endowment assurance
E. Fidelity guarantee insurance


Question 610:


Which of the following is not a feature of good banking security? The

A. Asset must be easily converted into cash
B. Value of the asset must be easily ascertained
C. Ownership of the asset must be in doubt
D. Value of the asset should be stable
E. Value of the asset must less than the amount loaned






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