Waec Commerce Past Questions and Answers

Question 616:

• WAEC 1995

A cheque drawn by a bank on itself is a?

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

Question 617:

• WAEC 1995

Which of the following is formed primarily to promote savings and loans among members?

A. Consumers co-operative society
B. Producer co-operative society
C. Co-operative wholesale soceity
D. Retail Co-operative society
E. Co-operative thrift and credit society

Question 618:

• WAEC 1995

Mr Ojo borrowed N54,000 from a Commercial bank and deposited his life assurance certificate with the bank. The certificate deposited serves as?

A. A loan repayment
B. A current asset
C. An interest charged
D. A collateral society
E. A part of payment

Question 619:

• WAEC 1995

When an insurance policy is cleared void because of a false declaration the principle involved is?

A. Indemnity
B. Insurable interest
C. Proximate cause
D. Utmost good and favour ''?

Question 620:

• WAEC 1995

The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company's share is selling?

A. Above per value
B. At per value
C. Below per value
D. Ex dividend
E. Cum dividend