Commerce Past Questions And Answers
The assets, liabilities and general management of a distressed bank may be taken over by?
- A. International Bank for Reconstruction and development
- B. Nigeria Industrial Development Bank
- C. Nigeria Banks Deposit Insurance corporation
- D. Nigeria Bank for Commerce and Industry
Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the?
- A. indemnity
- B. surrender value
- C. lump sum benefit
- D. insurance premium
The agency in Nigeria which ensure that products conform to government quality specification is the
- A. Nigerian consumers’ association
- B. Manufacturers' Association of Nigeria
- C. Standard Organization of Nigeria
- D. Nigerian Chamber of commerce
A bill of exchange becomes negotiable when it is
- A. accepted
- B. protested
- C. dishonoured
- D. discounted
The working capital of a firm is calculated as
View Discussion (0)WAEC 2004 THEORYA demonstration of social responsibility by a business is the payment of
- A) taxes to government
- B) dividends to shareholders
- C) interest on loans
- D) premium for insurance
Which of the following aspects of marketing stimulates buying by providing free gifts
- A. a personal selling
- B. sales promotion
- C. advertising
- D. publicity
The staff responsible for the calculations of probability of losses in insurance is the
- A. Actuary
- B. Underwriter
- C. Broker
- D. Solicitor
(a)Describe to Kola a new recruit in your office, the steps he may take to open a current account.
(b) Outline four functions of the Central Bank.
View Discussion (0)WAEC 1999 THEORYWhich of the following is not a means of payment in foreign trade?
- A. Telegraphic money order
- B. Specially crossed cheque
- C. Letters of credit
- D. Debit transfer