Waec Commerce Past Questions and Answers

Question 246:

• WAEC 1991

Debentures are part of a company's?

A. Authorized share capital
B. Issued share capital
C. Paid-up capital
D. Loan capital
E. Called-up capital

Question 247:

• WAEC 1991

An application form which is filled by anyone taking out an insurance policy is called?

A. A policy form
B. A claims form
C. A proposal form
D. A questionnaire
E. An entry form

Question 248:

• WAEC 1991

A customer is granted an overdraft by the bank subject to his operating a?

A. Savings account
B. Fixed-deposit account
C. Call-deposit account
D. Current account
E. Loans account

Question 249:

• WAEC 1991

The total assets acquired for permanent use in a business concern is called?

A. Current assets
B. Fixed assets
C. Called-up capital
D. Working capital
E. Authorized capital

Question 250:

• WAEC 1991

Which of the following is not provided by NIPOST?

A. Private Mail Bag
B. Record Delivery
C. Business Reply Service
D. Telegram
E. Poste Restante