Waec Commerce Past Questions and Answers

Question 231:

• WAEC 1991

The market for short term loans is known as the?

A. Capital market
B. Discount market
C. Money market
D. Stock market
E. Open market

Question 232:

• WAEC 1991

A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of

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

Question 233:

• WAEC 1991

The practice of selling in foreign markets at less than cost price is known as?

A. Fair trading
B. Over-invoicing
C. Smugging
D. Hedging
E. Dumping

Question 234:

• WAEC 1991

One of the reasons for national of industries is?

A. For efficient management
B. To comtrol corruoption and nepotism
C. Increase the number of shareholders
D. To control corruption performance of strategic industries
E. To drive away foreign investors

Question 235:

• WAEC 1991

The value stated on the share certificate as opposed to the current value is called?

A. Premium value
B. Exchange value
C. Nominal value
D. Discount value
E. Market value