Waec Commerce Past Questions and Answers

Question 281:

• WAEC 1991

Which of the following policies could be taken for a guaranteed life income?

A. Endowment assurance
B. Household policy
C. Annuity
D. Personal accident insurance
E. Consequential loss insurance

Question 282:

• WAEC 1991

Buildings, machines and more vehicles used for purpose of production are examples of?

A. Current assets
B. Current liabilities
C. Working capital
D. Fixed assets
E. Liquid assets

Question 283:

• WAEC 1991

The nominal capital of a company is the same as?

A. Authorized capital
B. Issued capital
C. Capital owned
D. Capital employed
E. Called-up capital

Question 284:

• WAEC 1991

A document certifying that goods have been entirely or largely manufactured in the country stated is called?

A. Certificate of origin
B. Bill of lading
C. Letter iof hypothecation
D. Consular invoice
E. Ships manifest

Question 285:

• WAEC 1991

A facility used for impressing pre-paid postage rate on letters is called?

A. Vending machine
B. Speed post
C. Recorded delivery services
D. Cash register
E. Franking machine