WAEC Commerce Past Questions & Answers - Page 4

16.

A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.

A.

debenture

B.

a bond

C.

a term loan

D.

an overdraft

Correct answer is A

It is a debenture that is grow under a seal by company in acknowledgement of a debit undertaking to repay the stated amount or sum on or before a certain date and to pay a fixed rate of interest. There are redeemable and irredeemable debenture

17.

The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is

A.

Main frame Computer

B.

Digital Computer

C.

Analogue Computer

D.

Hybrid Computer

Correct answer is A

Mainframe computer is the largest compute which his all the features stated above.

19.

An advertising campaign designed to sell one's own products at the expense of other brands is

A.

competitive

B.

persuasive

C.

direct

D.

informative

Correct answer is A

Competitive advertising is an effort by at least one company to create a contrast between its product and the same or similar product offerings by competitors. By establishing a contrast for the consumer and trying to influence the consumer's buying choice, this company hopes to obtain a larger market share.

20.

The place where bankers meet daily to exchange cheques drawn on each other is known as

A.

capital market

B.

money market

C.

clearing house

D.

discount houses

Correct answer is C

The Clearing House is a central place or office where the representatives of all the banks in a particular area meet and exchange cheques and other instruments which ensures that a payee receives the full value of a cheque or standing order.