Waec Commerce Past Questions
Question 41
Which of the following is an example of insurable risk?
- A. Change in consumer's taste
- B. The probability of a third world war
- C. Flood resulting from excessive rain in a year
- D. The death of a business partner
- E. Loss due to change in fashion
Question 42
Which of the following is not a function of Development Banks?
- A. Give long-term loans
- B. invest directly into Agriculture
- C. Issue currency notes
- D. Give technical advice to investors
- E. Embark on priority projects of governments
Question 43
New shares are offered for sale to the public through
- A. acceptable houses
- B. the stock exchange
- C. issuing houses
- D. discount houses
- E. mortgage banks
Question 44
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
- A. authorised capital
- B. fixed capital
- C. working capital
- D. capital owned
- E. called-up capital
Question 45
An offer of new shares made to existing shareholders at a preferential price is called?
- A. bonus issue
- B. rights issue
- C. private placing
- D. debenture
- E. preference share
