Waec Commerce Past Questions and Answers

Question 611:

• WAEC 1995

Selling a bill in less than the face of the value for immediate cash before the due date is to?

A. Retire the bill
B. Honour the bill
C. Discount the bill
D. Protest the bill
E. Withdraw the bill

Question 612:

• WAEC 1995

Which of the following is a non- indemnity insurance?

A. Marine
B. Life
C. Fire
D. Bad debts
E. Burglary

Question 613:

• WAEC 1995

Which of the following regulates and controls the activities of the Nigerian Stock Exchange?

A. Central Bank
B. Association of Commercial Banks
C. Securities and Exchange Commission (SEC)
D. Nigerian Association of Chambers of Commerce
E. Brokers and Jobbers

Question 614:

• WAEC 1995

Which of the following regulates and controls the activities of the Nigerian Stock Exchange?

A. Central Bank
B. Association of Commercial Banks
C. Securities and Exchange Commission (SEC)
D. Nigerian Association of Chambers of Commerce
E. Brokers and Jobbers

Question 615:

• WAEC 1995

A cheque drawn by a bank on itself is a?

A. Credit transfer
B. Direct debt
C. Certified cheque
D. Bankdraft