Waec Commerce Past Questions For Year 2022
Question 11
One of the functions of commercial banks that cannot be performed by central banks is
- A. collection of old notes
- B. collection of deposits from the public
- C. issurance of treasury bills
- D. printing of bank notes
Question 12
Which of the following is not a characteristic of a commercial bank?
- A. established as a limited liability company
- B. Established by individuals or organizations
- C. Established to issue bank notes
- D. Established with the view of making profit
Question 13
Dealers in the stock exchange such as bulls, bears and stags are categorized as
- A. actuaries
- B. promoters
- C. speculators
- D. underwriters
Question 14
The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is.
- A. indemnity
- B. contribution
- C. proximate cause
- D. uberrimae fidei
Question 15
Payment made to a carrier for transportation of goods is
- A. frights
- B. fee
- C. fare
- D. duty
