Waec 2006 Commerce Past Questions And Answers
The provision of dredging and dry dock facilities at any sea port is the responsibility of
- A. Ports and Harbours Authority
- B. Customs and Excise Authority
- C. National Health Authority
- D. National Water and Electricity Authority
Demurrage is paid by a vessel for
- A. overloading
- B. travelling along unplanned route
- C. delaying at the port
- D. not using the services at the wharf
The time allowed for unloading and loading a ship is referred to as
- A. demurrage
- B. lay days
- C. charter party
- D. charter by demise
The amount the assured receives if he decides to discontinue the life policy is known as
- A. refund value
- B. net value
- C. surrender value
- D. sum assured
(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 THEORYWhich of the following institutions does not belong to the capital market
- A. Commercial banks
- B. Development banks
- C. Mortgage banks
- D. Insurance companies
(a) State three differences between:
(i) shareholders and debenture holders.
(ii) Ordinary shares and preference shares.
(b) Explain four reasons for winding up a public limited company.
View Discussion (0)WAEC 2006 THEORYThe speculator who applies for a new issue of shares without the intention of keeping them is
- A. bull
- B. stag
- C. bear
- D. jobber
An association formed to protect the interests of buyers of various commodities is known as
- A. Chamber of commerce
- B. Employers association
- C. Consumers Association
- D. Manufacturers Association
The process of putting goods in attractive packets to arouse the interest of customers is
- A. collation
- B. wrapping
- C. branding
- D. packaging