Commerce Past Questions And Answers
Which of the following business must have at least one member with unlimited liability?
- A) limited liability company
- B) limited partnership
- C) Public enterprises
- D) Normal partnership
Write short notes on the following :
(a) Persuasive advertising
(b) Informative advertising
(c) Competitive advertising
(d) Mass advertising
(e) Direct advertising
View Discussion (0)WAEC 2001 THEORYThe fee which the bank charges for services rendered to their current account customers is?
- A. commission on turnover
- B. bank rate
- C. minimum lending rate
- D. interest
Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot.
Which of the following insurance principles was breached by Madam Tope?
- A. Insurable interest
- B. Contribution
- C. Utmost good faith
- D. Subrogation
Who among the following is not an agent?
- A. Broker
- B. Factor
- C. Jobber
- D. Manufacturer's representative
Which of the following groups of activities are commercial services
- A. Manufacturing, weaving and storing
- B. Vending, purchasing and banking
- C. Advertising, farming and harvesting
- D. Fishing, constructing and transporting
An agreement in which Phillip paid half of a car and accepted to pay the rest in instalments is a
- A. condition sale contract
- B. credit sale contract
- C. hire purchase contract
- D. haulage contract
The takeover by government of Sanking Sillah and Sons Ltd is referred to as
- A. privatization
- B. indigenization
- C. commercialization
- D. nationalization
Which of the following types of cheque protects the holder against the risk of loss?
- A. Open cheque
- B. Bearer cheque
- C. Post dated cheque
- D. Crossed cheque
An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?
- A. foreign account
- B. international account
- C. domiciliary account
- D. foreign reserves account

