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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1741:

The turnover of a trade is the

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A Number of times the stock is sold
B Total sales made during a period
C Profit made during the period
D Total purchases made during the period

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Question 1742:

The total assets of a business less its total liability is known as

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A Capital owned
B Share capital
C Issued capital
D Working capital

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Question 1743:

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

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Question 1744:

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A Amount permitted to be withdrawn in excess of one's deposit
B Excessive cash withdrawn by commercial banks from the Central Bank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

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Question 1745:

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

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