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Commerce 2016 WAEC Past Questions

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1

where a number of insurance companies  are liable under one policy, the principle applicable is ?

  • A. subrogation
  • B. contribution
  • C. indemnity
  • D. utmost good faith
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2

Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?

  • A. hedging
  • B. projection
  • C. forecasting
  • D. speculation
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3

Another name for a dishonoured cheque is?

  • A. an order cheque
  • B. a bounced cheque
  • C. a bearer cheque
  • D. an open cheque
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4

which of the folloing is an example of life insurance

  • A. third party policy
  • B. comprehensive policy
  • C. fidelity guaranteed policy
  • D. endowment policy
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5

The main concern of commerce is?

  • A. create wealth
  • B. buy and sell goods and services
  • C. exchange and distribution of goods and services
  • D. satisfy all human wants
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