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Commerce 2006 WAEC Past Questions

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36
Which of the following is not reason for nationalization
  • A. Encouraging foreign investors
  • B. Reducing the remittance of profits abroad
  • C. Training local enterpreneus
  • D. Controlling the country's key industries
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37
Any activity aimed at finding out the wants of consumers and supplying them at a profit is referred to as?
  • A. promotion
  • B. marketing
  • C. segmentation
  • D. penetration
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38
The reduction in the value of a country's currency in relation to other country's currencies is
  • A. devaluation
  • B. inflation
  • C. deregulation
  • D. fluctuation
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39
Which of the following is the main purpose of a third party insurance? To
  • A. indemnify an injured outsider
  • B. indemnify the insured
  • C. protect the vehicle against theft
  • D. compensate the driver for injuries sustained
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40
The term "utmost good faith" in insurance requires that the insured must
  • A. make profit from any loss suffered
  • B. receive his compensation fully in the event of loss
  • C. disclose all relevant facts on what is being insured
  • D. pay his premium regularly
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