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Commerce 1995 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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36
A cheque drawn by a bank on itself is a?
  • A. credit transfer
  • B. direct debt
  • C. certified cheque
  • D. bankdraft
View Answer & Discuss WAEC 1995
37
Which of the following is formed primarily to promote savings and loans among members?
  • A. Consumers co-operative society
  • B. producer co-operative society
  • C. Co-operative wholesale soceity
  • D. Retail Co-operative society
  • E. Co-operative thrift and credit society
View Answer & Discuss WAEC 1995
38
Mr Ojo borrowed N54,000 from a Commercial bank and deposited his life assurance certificate with the bank. The certificate deposited serves as?
  • A. a loan repayment
  • B. a current asset
  • C. an interest charged
  • D. a collateral society
  • E. a part of payment
View Answer & Discuss WAEC 1995
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39
When an insurance policy is cleared void because of a false declaration the principle involved is?
  • A. indemnity
  • B. insurable interest
  • C. proximate cause
  • D. utmost good and favour ''?
View Answer & Discuss WAEC 1995
40

The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company's share is selling?

  • A. above par value
  • B. at par value
  • C. below par value
  • D. ex dividend
  • E. cum dividend
View Answer & Discuss (2) WAEC 1995
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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