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Commerce 1991 WAEC Past Questions

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71
A bill of exchange to which document of title are attached is known as?
  • A. documentary credit
  • B. certified bill
  • C. documentary bill
  • D. irrevocable bill
  • E. bill of lading
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72
Which of the following policies could be taken for a guaranteed life income?
  • A. Endowment assurance
  • B. Household policy
  • C. Annuity
  • D. personal accident insurance
  • E. Consequential loss insurance
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73
Buildings, machines and more vehicles used for purpose of production are examples of?
  • A. current assets
  • B. current liabilities
  • C. working capital
  • D. fixed assets
  • E. liquid assets
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74
The nominal capital of a company is the same as?
  • A. authorized capital
  • B. issued capital
  • C. capital owned
  • D. capital employed
  • E. called-up capital
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75
A document certifying that goods have been entirely or largely manufactured in the country stated is called?
  • A. certificate of origin
  • B. bill of lading
  • C. letter iof hypothecation
  • D. consular invoice
  • E. ships manifest
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