WAEC Past Questions and Answers - Page 144

716.

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.

717.

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.

718.

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.

719.

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.

720.

Which of the following is not an economic grouping?

A.

International Bank for Reconstructing And Development (IBRD)

B.

Lake Chad Basin Commission (LCBC)

C.

United Nations Organization (UNO)

D.

Niger Basin Commission (NBC)

E.

Mano River Union (MRU)

Correct answer is C

No explanation has been provided for this answer.