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Commerce 1997 WAEC Past Questions

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96
The payment made to the insured for loss incurred is
  • A. premium
  • B. indemnity
  • C. ex gratia payment
  • D. surrender value
  • E. interest
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97
When a bill of exchange is signed by a debtor, it is said to be
  • A. accepted
  • B. negotiated
  • C. honoured
  • D. protested
  • E. accomodated
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98

Explain any five reasons why commerce is important in the life of a nation 
 

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99

(a)Give six features of a public company

(b)Explain four reasons for winding up a public limited company
 

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100

Explain five services of each of the following;
(a) Courier firms
(b) NITEL 
 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts