WAEC Commerce Past Questions & Answers - Page 127

631.

Which of the following is not a means of water transport?

A.

Liner

B.

Tanker

C.

Barge

D.

Tramp

E.

Truck

Correct answer is E

No explanation has been provided for this answer.

632.

The capital of a company indicated in the Memorandum of Association is known as

A.

authorized capital

B.

capital owned

C.

working capital

D.

fixed capital

E.

called-up capital

Correct answer is A

No explanation has been provided for this answer.

633.

At what stage is acceptance of offer by post valid? When the letter is

A.

written

B.

posted

C.

delivered

D.

replied

E.

read

Correct answer is C

No explanation has been provided for this answer.

634.

The amount which the insured pays the insurer periodically is

A.

surrender value

B.

premium

C.

interest

D.

compensation

E.

contribution

Correct answer is B

No explanation has been provided for this answer.

635.

The dealers who buy and sell stocks and shares in their own name are called

A.

jobbers

B.

brokers

C.

bears

D.

stags

E.

bulls

Correct answer is A

No explanation has been provided for this answer.