WAEC Commerce Past Questions & Answers - Page 204

1,016.

The method of sending message by the teleprinter?

A.

telephone

B.

cable gram

C.

telex

D.

railex

Correct answer is C

No explanation has been provided for this answer.

1,017.

In a public Limited Liability Companies, equities are referred to as?

A.

preference shares

B.

authorized capital

C.

ordinary shares

D.

called-up capital

Correct answer is C

No explanation has been provided for this answer.

1,018.

When an insurance company indemnifies the insured and takes over his rights, this is known as?

A.

abandonment

B.

subrogation

C.

proximate cause

D.

contribution

Correct answer is B

No explanation has been provided for this answer.

1,019.

A retirement insurance policy which enables the assured to receive income for a specific period is?

A.

annuity

B.

endowment

C.

whole life

D.

fidelity guarantee

Correct answer is A

No explanation has been provided for this answer.

1,020.

Which of the following services is not rendered by commercial banks?

A.

Business advice

B.

Currency notes issue

C.

Accepting deposits

D.

Credit transfer

Correct answer is B

No explanation has been provided for this answer.