WAEC Commerce Past Questions & Answers - Page 315

1,571.

One of the main aims of the ECOWAS is to?

A.

foster interchange of goods and services among its members

B.

provide a reliable market for stock and shares

C.

have common political system

D.

have common language

E.

have one currency

Correct answer is A

The main goal of ECOWAS is to promote economic cooperation among member states in order to raise living standards and promote economic development.

1,572.

The treaty establishing ECOWAS on May 28, 1975 was signed by?

A.

15 Heads of State

B.

14 Heads of State

C.

13 Heads of State

D.

15 Foreign Ministers

E.

12 Heads of State

Correct answer is A

No explanation has been provided for this answer.

1,573.

Which of the following is an insurance cover undertaken by the Government for its employees?

A.

Endowment

B.

Marine insurance

C.

Fidelity guarantee insurance

D.

Pensions scheme

E.

Fire insurance

Correct answer is D

No explanation has been provided for this answer.

1,574.

Which of the following is an insurance principle?

A.

Endowment

B.

Premium

C.

Proximate cause

D.

Fidelity guarantee

E.

surrender value

Correct answer is C

No explanation has been provided for this answer.

1,575.

All advertising campaigns foe consumer goods must pay attention to?

A.

cinema advertising

B.

radio advertising

C.

point of sale

D.

door to door sale

E.

neon signs

Correct answer is C

No explanation has been provided for this answer.