WAEC Commerce Past Questions & Answers - Page 288

1,436.

A customer is granted an overdraft by the bank subject to his operating a?

A.

Savings account

B.

Fixed-deposit account

C.

Call-deposit account

D.

Current account

E.

Loans account

Correct answer is D

No explanation has been provided for this answer.

1,437.

An application form which is filled by anyone taking out an insurance policy is called?

A.

A policy form

B.

A claims form

C.

A proposal form

D.

A questionnaire

E.

An entry form

Correct answer is C

No explanation has been provided for this answer.

1,438.

Debentures are part of a company's?

A.

Authorized share capital

B.

Issued share capital

C.

Paid-up capital

D.

Loan capital

E.

Called-up capital

Correct answer is D

No explanation has been provided for this answer.

1,439.

The insurance cover on property being shipped from one location to another comes under?

A.

Burglary insurance

B.

Fire insurance

C.

Marine insurance

D.

Annuity insurance

E.

Comprehensive automobile insurance

Correct answer is C

No explanation has been provided for this answer.

1,440.

The technique of controlling money supply through the purchase and sale of government bond is called?

A.

Bond control technique

B.

Exchange control technique

C.

Open market operations

D.

Price control mechanism

E.

Span of control technique

Correct answer is C

No explanation has been provided for this answer.