Waec Commerce Past Questions and Answers

Question 1841:

• WAEC 2013

A person who earns extra commission for guaranteeing debts is a

A. Factor
B. Broker
C. Commission agent
D. Del-credere agent

Question 1842:

• WAEC 2013

An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is

A. Indemnity
B. Insurable interest
C. Proximate cause
D. Subrogation

Question 1843:

• WAEC 2013

Voyage policy insurance is associated with

A. Fire
B. Life
C. Marine
D. Burglary

Question 1844:

• WAEC 2013

If a share is quoted ex-div, it means the new buyer would

A. Get the next dividend
B. Not get the next dividend
C. Get a fixed dividend
D. Not get any dividend

Question 1845:

• WAEC 2013

Which of the following is not the function of commerce

A. The conversion of raw materials into semi-finished products
B. The conversion of semi-finished products into end products
C. Provision of services to customers
D. The exchange and distribution of goods and services