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Commerce 1995 WAEC Past Questions

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26
Which of the following is not true of insurance?
  • A. A large number of pecple face the same risk
  • B. A Possibility of making profit out of an event
  • C. only a small number will actually suffer the loss in any one year
  • D. A large number makes a small contribution to a common pool
  • E. Possibility of assessing the frequency of occurrence of the event
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27
Which of the following belongs to the capital market?
  • A. Commercial bank
  • B. Savings bank
  • C. Stock exchange
  • D. Bureau de change
  • E. Clearing house
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28
Which of the following is not true of insurance?
  • A. A large number of people face the same risk
  • B. Possibility of making a profit out of an event
  • C. only a small number will actually suffer the loss in any one year
  • D. A large making makes a small contribution to common pool
  • E. Possibility of assessing the frequency of occurrence of the event
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29
Which of the following policies qualifies the holder to income to income tax relief?
  • A. Accident insurance
  • B. Public liability insurance
  • C. Comprehensive insurance
  • D. Endowment assurance
  • E. Fidelity guarantee insurance
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30
Which of the following is not a feature of good banking security? The
  • A. asset must be easily converted into cash
  • B. value of the asset must be easily ascertained
  • C. ownership of the asset must be in doubt
  • D. value of the asset should be stable
  • E. value of the asset must less than the amount loaned
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