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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1916
When a company raises additional capital by selling shares directly to the public through insurance companies or investment houses, this is known as
  • A. rights issue
  • B. bonus issue
  • C. private placing
  • D. debenture issue
  • E. preference share issue
View Answer & Discuss WAEC 1997
1917
Which of the following is not one of the aims of indigenization? To
  • A. reduce the remittance of profits aboard
  • B. increase the control of the government over its economy
  • C. expose the indigenes to different business enterprises
  • D. collection of indemnity by third party only
  • E. transfer of a portion of risk from one insurer to another
View Answer & Discuss WAEC 1997
1918
One of the features of reinsurance is the
  • A. total transfer of risk from one company to another
  • B. protection of insurance company by the government
  • C. protection of the insured by the third party
  • D. collection of indemnity by third party only
  • E. transfer of a portion of risk from one insurer to another
View Answer & Discuss WAEC 1997
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1919
Which of the following is used in home trade?
  • A. Bill of lading
  • B. Bank draft
  • C. Letter of credit
  • D. Certificate of origin
  • E. Documentary credit
View Answer & Discuss WAEC 1997
1920
To which of the following occupations does a broker belong?
  • A. Extractive
  • B. Manufacturing
  • C. Commercial
  • D. Constructive
  • E. Direct services
View Answer & Discuss WAEC 1997
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