Waec Commerce Past Questions and Answers

Question 1696:

• WAEC 2010

A mortgage bank is primarily concerned with financing the acquisition of

A. Motor vehicle
B. Research equipment
C. Computer machine
D. Dwelling houses

Question 1697:

• WAEC 2010

The work of actuaries is to

A. Underwrite insurance risks
B. Calculate insurance premiums
C. Settle insurance claims
D. Assess profits for insurance companies

Question 1698:

• WAEC 2010

Government financial grants is a source of capital to a

A. Partnership
B. Public limited company
C. Public corporation
D. Co-operative society

Question 1699:

• WAEC 2010

Which of the following is not a feature of co-operative society?

A. Owners are the customers
B. Capital can be repaid to a member
C. Votes are according to shares held
D. Dividend is based on patronage

Question 1700:

• WAEC 2010

The practice of selling the product below the cost price to attract customers to a shop is known as

A. Hedging
B. Loss leader
C. Skimming
D. Under-invoicing