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WAEC 1992
Commerce 1992 WAEC Past Questions
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Introduction to Commerce
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Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
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56
A cheque that is drawn in the name of a bank instead of the account holder's name is called?
A.
Bank statement
B.
Bill of exchange
C.
Specially crossed cheque
D.
Certified cheque
E.
Bank draft
View Answer & Discuss
WAEC 1992
57
A deduction made by a wholesaler from the catalogue price and which represents a retailer's profit margin is called?
A.
Cash discount
B.
Deferred discount
C.
Trade discount
D.
Quantity discount
E.
Cash on delivery
View Answer & Discuss
WAEC 1992
58
A cheque dated 5/8/91 was dishonoured because it was a?
A.
Certified cheque
B.
Marked cheque
C.
Specially crossed cheque
D.
Post-dated cheque
E.
Stale cheque
View Answer & Discuss
WAEC 1992
59
An order stating the goods required but not the manufacturer from whom the foreign buyer intends to buy his goods is called?
A.
Indent
B.
Open indent
C.
Closed indent
D.
Export order
E.
Import order
View Answer & Discuss
WAEC 1992
60
Commercial banks deposits with the Central Bank help to?
A.
increase loan prospects
B.
control the supply of money credits
C.
check bank frauds
D.
increase bank customers
E.
encourage rural banking services
View Answer & Discuss
WAEC 1992
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