Waec Economics 2006 Past Questions and Answers

Question 21:

• WAEC 2006

A debenture holder is entitled to payment in the form of

A. Allowance
B. Interest
C. Salary
D. Donation

Question 22:

• WAEC 2006

The main difference between a private and a public enterprises is the

A. Amount of profit realized
B. Mode of operation
C. Objective of the business
D. Ownership structure

Question 23:

• WAEC 2006

The total amount of money raised by a company through issuance of shares to the public is

A. Debentures
B. Nominal capital
C. Ordinary shares
D. Paid-up capital

Question 24:

• WAEC 2006

buying and selling of shares is a function performed mostly by the

A. Insurance companies
B. Stock exchanges
C. Merchant banks
D. Discount houses

Question 25:

• WAEC 2006

which of the following is not a reason for establishing public enterprises?

A. Discouraging investors
B. Opening up neglected parts of the country
C. Effective control of a natural monopoly
D. Rapid economic development