Waec Commerce Past Questions and Answers

Question 1906:

• WAEC 2014

The term "fiduciary issue" means

A. Money issued without gold backing
B. Money issued with gold backing
C. Money issued as currency note
D. Gold reserve

Question 1907:

• WAEC 2014

An insurance principle which prevents an insured from making profit when compensated is known as

A. Proximate cause
B. Indemnity
C. Insurable interest
D. Utmost good faith

Question 1908:

• WAEC 2014

A retail outlet with many branches all dealing in similar line of goods is described as a

A. Department store
B. Supermarket
C. Chain store
D. Hypermarket

Question 1909:

• WAEC 2014

A person who gave his building as a security for loan is known as a

A. Trustee
B. Mortgagee
C. Mortgagor
D. Guarantor

Question 1910:

• WAEC 2014

A firm that specializes in packing and shipping of goods is known as a

A. Forwarding agent
B. General agent
C. Del credere agent
D. Cargo handling company