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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 456:

A bank whose name is printed on a cheque leaf is known as the?

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A Drawer
B Payer
C Drawee
D Payee
E Acceptor

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Question 457:

A person who wants to undertake an insurance policy usually completes?

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A A proposal form
B A promotion form
C An application form
D An agreement form
E A subscription form

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Question 458:

The capital that is needed to meet the day-to-day running of a business is the?

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A Fixed capital
B Reserved capital
C Circulating capital
D Liquid capital
E Capital employed

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Question 459:

An association of local,independent retailers formed to encourage buying in bulk from manufacturers is known as?

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A Voluntary chain
B Producer co-operative society
C Multiple store
D Departmental store
E Hypermarket

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Question 460:

Third party insurance covers, damages?

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A To both passengers and the vehicle
B Caused by the vehicle insured
C To all parties concerned
D To both vehicles involved
E To the insured vehicle only

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