WAEC Commerce Past Questions & Answers - Page 219

1,091.

Agriculture operative banks are best classified under?

A.

commercial banks

B.

savings banks

C.

merchant banks

D.

specialized banks

Correct answer is D

No explanation has been provided for this answer.

1,092.

A bundle of shares is called?

A.

stock

B.

bonus issue

C.

debenture

D.

rights issue

Correct answer is A

No explanation has been provided for this answer.

1,093.

The authority given to a bank to make regular payments on behalf of a customer for a specified purpose is known as?

A.

bank draft

B.

credit transfer

C.

standing order

D.

certified cheque

Correct answer is C

No explanation has been provided for this answer.

1,094.

A person which decides what to produce and combines the other factors of production is the?

A.

entrepreneur

B.

distributor

C.

engineer

D.

retailer

Correct answer is A

No explanation has been provided for this answer.

1,095.

The act of keeping products in good condition until they are needed is?

A.

Insurance

B.

warehousing

C.

communication

D.

advertising

Correct answer is B

No explanation has been provided for this answer.