Commerce Past Questions And Answers
A partner who contributes only his name to the formation of a partnership is
- A. a nominal partner
- B. a limited partner
- C. a general partner
- D. an active partner
The right to retain possession of goods until the contract price is paid is referred to as
- A. a promise
- B. ultra vires
- C. a breach
- D. a lien
In order to prevent Liquidity in commercial banks, the central banks uses?
- A. moral suasion
- B. fiscal policy
- C. reserve ratio
- D. taxation
A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a
- A. wholesaler cooperative society
- B. thrift and credit society
- C. consumer cooperative society
- D. chamber of commerce
(a) Give the meaning of each of the following:
(i) balance of trade
(ii) balance of payments.
(b)Describe four ways by which an adverse balance of payments may be corrected.
View Discussion (0)WAEC 1990 THEORYManufacturing and constructive activities are classified under?
- A. primary production
- B. tertiary production
- C. secondary production
- D. direct service
The practice of making a state firm more profit-oriented is
- A. privatization
- B. nationalization
- C. deregulation
- D. commercialization
The right to buy or sell stock exchange with a stipulated period is?
- A. option
- B. contango
- C. backwardation
- D. brokerage
Commercial banks usually settle their interbank indebtedness through the
- A. money market
- B. clearing house
- C. discount house
- D. stock exchange
The beneficiary of a cheque is called
- A. acceptor
- B. drawee
- C. drawer
- D. payee