Waec Commerce Past Questions and Answers

Question 1636:

• WAEC 2009

Which of the following justifies the existence of public enterprises

A. Making quick decision
B. Creating monopoly
C. Making profit for government
D. Providing essential services

Question 1637:

• WAEC 2009

Who among the following has no voting right?

A. Preffered ordinary share holders
B. Ordinary shareholders
C. Deffered shareholders
D. Debenture holders

Question 1638:

• WAEC 2009

One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to

A. Settle interbank indebtedness
B. Lend to poor countries
C. Oversee the activities of banks abroad
D. Encourage trade liberalization

Question 1639:

• WAEC 2009

Life assurance premium is determined by the assured's

A. Educational level
B. Age
C. Reputation
D. Number of children

Question 1640:

• WAEC 2009

Which of the following is not a function of the commercial bank?

A. Collection of deposit
B. Safe custody services
C. Issuing of currency
D. Agents of payment