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Commerce 2019 WAEC Past Questions

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46

A source of capital to a public company which attracts a fixed rate of interest is

  • A. an ordinary share
  • B. a subvention
  • C. a debenture
  • D. an overdraft
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47

Which of the following is not an economic grouping in West Africa?

  • A. Lake Chad Basin Commission
  • B. Economic Community Of West African States
  • C. European Union
  • D. Niger Basin Commission
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48

A customer who wishes to withdraw an amount greater than the balance in his current account would apply for?

  • A. a standing order
  • B. an overdraft
  • C. a loan
  • D. a credit transfer
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49

The combination of business activities of Abbas Ltd and Denko Ltd to form one large company is 

  • A. an amalgamation
  • B. a consortium
  • C. an acquisition
  • D. a cartel
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50

The difference between commercialization and privatization is that commercialized businesses

  • A. are government-owned while privatized businesses are owned by individuals
  • B. are non-profit making ventures while privatized businesses are profit oriented
  • C. can sell shares while privatized businesses cannot
  • D. employs more workers than privatized businesses
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts