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Commerce Past Questions and Answers

Commerce Questions

Question 3196:
WAEC 2011
A document issued to the public by a company to advertise its share is known as
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  • A Prospectus
  • B Tender
  • C Share certificate
  • D Trading certificate
View Answer & Explanation
Question 3197:
WAEC 2011
An overdraft is
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  • A Amount permitted to be withdrawn in excess of one's deposit
  • B Excessive cash withdrawn by commercial banks from the Central Bank
  • C Credit balance standing in the name of a customer
  • D Special deposits made by commercial banks
View Answer & Explanation
Question 3198:
WAEC 2011
Which of the following is not a principle of insurance
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  • A Insurable interest
  • B Subrogation
  • C Surrender value
  • D Proximate cause
View Answer & Explanation
Question 3199:
WAEC 2011
The par value of a share is also known as its
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  • A Premium price
  • B Market price
  • C Discount price
  • D Nominal price
View Answer & Explanation
Question 3200:
WAEC 2011
A cheque dated 15th March 2012, will become stale on
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  • A 16th June 2012
  • B 16th July 2012
  • C 16th August 2012
  • D 16th September 2012
View Answer & Explanation

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