WAEC Commerce Past Questions & Answers - Page 244

1,216.

A cheque does not contain?

A.

cheque number

B.

cashier's signature

C.

payee's name

D.

drawer's name

E.

date of issue

Correct answer is B

No explanation has been provided for this answer.

1,217.

Which of the following relies on the government for its initial capital?

A.

Co-operative Society

B.

Private Limited Company

C.

Public Corporation

D.

Public Limited Company

E.

Credit and Thrift Society

Correct answer is C

No explanation has been provided for this answer.

1,218.

Which of the following is not used by the Central Bank to restrict lending by commercial banks?

A.

Management of national debt

B.

Reserve Requirement

C.

Open Market Operations

D.

Special Deposit

E.

Cash ratio

Correct answer is A

No explanation has been provided for this answer.

1,219.

An agreement between two parties which can be enforced is called?

A.

an agency

B.

a contract

C.

a consideration

D.

an offer

E.

a warranty

Correct answer is B

No explanation has been provided for this answer.

1,220.

A business that has no upper limit to the number of owners is?

A.

partnership

B.

private company

C.

public corporation

D.

finance company

E.

public limited company

Correct answer is E

No explanation has been provided for this answer.