Waec Commerce Past Questions and Answers

Question 2211:

• WAEC 2020

The bank which acts as the lender of last resort is the?

A. Central bank
B. Commercial bank
C. Merchant bank
D. Mortgage bank

Question 2212:

• WAEC 2020

The issue of shares which allows existing shareholders to buy shares at a preferential price is?

A. Bonus issue
B. Offer for sale
C. Public offer
D. Rights issue

Question 2213:

• WAEC 2020

The financial market where existing shares and bonds are bought and sold is the?

A. Forex market
B. Stock market
C. Money market
D. Commodity market

Question 2214:

• WAEC 2020

An insurance policy which is not a contract of indemnity is?

A. Burglary insurance
B. Fire insurance
C. Life insurance
D. Motor insurance

Question 2215:

• WAEC 2020

When a company insures the lives of all its employees collectively, the policy is?

A. Accident insurance
B. Fleet insurance
C. Fidelity guarantee insurance
D. Group insurance