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Commerce 2022 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
NECO offline past questions - All questions, answers & explanations in one app 25712
21

A document that instructs an agent to buy goods from a named firm is

  • A. proforma invoice
  • B. open indent
  • C. consular invoice
  • D. closed indent
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22

The incentive given to a buyer to encourage prompt payment is

  • A. cash discount
  • B. seasonal discount
  • C. quantity discount
  • D. trade discount
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23

The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is.

  • A. indemnity
  • B. contribution
  • C. proximate cause
  • D. uberrimae fidei
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO offline past questions - All questions, answers & explanations in one app 25712
24

Dealers in the stock exchange such as bulls, bears and stags are categorized as

  • A. actuaries
  • B. promoters
  • C. speculators
  • D. underwriters
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25

Which of the following is not a characteristic of a commercial bank?

  • A. established as a limited liability company
  • B. Established by individuals or organizations
  • C. Established to issue bank notes
  • D. Established with the view of making profit
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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