Commerce Past Questions And Answers
Which of the following is not covered by fire insurance policy?
- A. Consequential loss
- B. Gas explosion
- C. Domestic boilers
- D. Lightning
The assets of a business that is available for cash or near cash is called
- A. equity
- B. capital employed
- C. received capital
- D. liquid capital
The price quoted which includes the cost of insurance, freight and all delivery charges to the importer's warehouse is?
- A. Free Alongside Ship
- B. Franco
- C. Free On Board
- D. Free On Rail
An employer insures against his employees' dishonesty by taking up?
- A. fidelity guarantee insurance
- B. accident insurance
- C. group life assurance
- D. endowment policy
(a) Explain seven functions of a commercial bank.
(b) Explain three types of accounts that are operated in a commercial bank.
View Discussion (0)WAEC 2006 THEORYAboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution. Babalawee is ___________?
- A. a claimant
- B. a manager
- C. an assessor
- D. a reciever
A public limited company can raise long-term loans through
- A. the capital market
- B. the money market
- C. bank overdrafts
- D. discount houses
Which of the following assesses duties payable on imports and exports?
- A. Ports Authority
- B. Central Bank
- C. Customs and Excise Authority
- D. Export Promotion Council
Activities which fascilitates commerce include
- A. engaging youths in environmental sanitation
- B. funding political campaigns
- C. providing recreational facilities
- D. improving road network
One advantage of small scale retail outlet is?
- A. availability of self service facilities
- B. ability to buy in bulk
- C. easy access to large amount of capital
- D. personal attention to customers