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Commerce 1990 WAEC Past Questions

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46
The amount paid by the assured to the insurer is called?
  • A. interest
  • B. premium
  • C. dividend
  • D. indemnity
  • E. surrender value
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47
With the exception of life assurance and personal accident insurance, contracts of insurance are contracts of?
  • A. premium
  • B. indemnity
  • C. proximate cause
  • D. utmost good faith
  • E. general average cause
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48
An author's exclusive right to published and unpublished works is known as?
  • A. patent right
  • B. fundaamental human right
  • C. copyright
  • D. authorship
  • E. constitutional right
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49
Which of the following is a function of money?
  • A. Provision of double coincidence of wants
  • B. Durability
  • C. Standard for deferred payment
  • D. Portability
  • E. Divisibility
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50
An overdraft is usually granted a?
  • A. savings account holder
  • B. deposit account holder
  • C. current account holder
  • D. loan account holder
  • E. fixed deposit account holder
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