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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 246:

Debentures are part of a company's?

SchoolNGR Classroom

A Authorized share capital
B Issued share capital
C Paid-up capital
D Loan capital
E Called-up capital

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Question 247:

An application form which is filled by anyone taking out an insurance policy is called?

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A A policy form
B A claims form
C A proposal form
D A questionnaire
E An entry form

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Question 248:

A customer is granted an overdraft by the bank subject to his operating a?

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A Savings account
B Fixed-deposit account
C Call-deposit account
D Current account
E Loans account

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Question 249:

The total assets acquired for permanent use in a business concern is called?

SchoolNGR Classroom

A Current assets
B Fixed assets
C Called-up capital
D Working capital
E Authorized capital

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Question 250:

Which of the following is not provided by NIPOST?

SchoolNGR Classroom

A Private Mail Bag
B Record Delivery
C Business Reply Service
D Telegram
E Poste Restante

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