WAEC Past Questions and Answers - Page 80

396.

Public enterprises are financed mainly by

A.

the shareholders

B.

commercial banks

C.

government grants

D.

The World Bank

Correct answer is C

No explanation has been provided for this answer.

397.

Which of the following is best organized as a partnership?

A.

Drilling and marketing of crude oil

B.

Brewing and distribution of beer

C.

Designing and building of houses

D.

Assembling and marketing of vehicles

Correct answer is C

No explanation has been provided for this answer.

398.

Where a limited partner exists in a partnership

A.

no active partner is needed

B.

other partners must be nominal

C.

at least one ordinary partner must be there

D.

at least one member must be a legal practitioner

Correct answer is C

No explanation has been provided for this answer.

399.

The rate at which the country's import exchanges for its export is known as

A.

Terms of trade

B.

Balance of trade

C.

Rate of exchange

D.

Terms of exchange

Correct answer is A

No explanation has been provided for this answer.

400.

The staff responsible for the calculations of probability of losses in insurance is the

A.

Actuary

B.

Underwriter

C.

Broker

D.

Solicitor

Correct answer is A

No explanation has been provided for this answer.