Waec Commerce Past Questions and Answers

Question 381:

• WAEC 1992

An order stating the goods required but not the manufacturer from whom the foreign buyer intends to buy his goods is called?

A. Indent
B. Open indent
C. Closed indent
D. Export order
E. Import order

Question 382:

• WAEC 1992

Commercial banks deposits with the Central Bank help to?

A. Increase loan prospects
B. Control the supply of money credits
C. Check bank frauds
D. Increase bank customers
E. Encourage rural banking services

Question 383:

• WAEC 1992

Which of the following is a non-insurable risk?

A. Loss from fire accident
B. Loos from accident and sickness
C. Fidelity guarantee
D. Burglary
E. Loss from staking in lotteries

Question 384:

• WAEC 1992

The policy which safeguards the employer from loss sustained as a result of fraudulent acts of his workers is the?

A. Employer liability insurance
B. Loss policy
C. Utmost good faith policy
D. Group insurance
E. Fidelity guarantee policy

Question 385:

• WAEC 1992

Which of the following is responsible for advertising vacant positions existing in companies?

A. Sales Department
B. Public Relation Department
C. Personal Department
D. Marketing Department
E. Financial Department