Waec Commerce Past Questions
Question 1966
Calculate the gross profit.
- A. #35,000.00
- B. #20,000.00
- C. #15,000.00
- D. #14,000.00
Question 1967
Use the information below to answer question 13 and 14| # | |
| Sales | 50,000.00 |
| Debtors | 10,000.00 |
| Cash-in-hand | 5,000.00 |
| Opening stock | 30,000.00 |
| Creditors | 8,000.00 |
| Purchases | 16,000.00 |
| Overdraft | 12,000.00 |
| Closing stock | 10,000.00 |
- A. #35,000.00
- B. #20,000.00
- C. #15,000.00
- D. #14,000.00
Question 1968
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 1969
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 1970
Dealers in the stock exchange such as bulls, bears and stags are categorized as
- A. actuaries
- B. promoters
- C. speculators
- D. underwriters
