WAEC Past Questions and Answers - Page 416

2,076.

The agreed amount payable to a policy holder when the event insured against occurs is?

A.

surrender value

B.

sum assured

C.

indemnity

D.

insurable interest

E.

endowment

Correct answer is B

No explanation has been provided for this answer.

2,077.

The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?

A.

bonus issue

B.

private placing

C.

offer for sale

D.

rights issue

E.

issue by prospectus

Correct answer is D

No explanation has been provided for this answer.

2,078.

In his account of the stilling of the storm, Mark gave an extra detail not contained in either Mathew or Luke when he wrote that

A.

It took place on the sabbath

B.

Jesus was in the stern, asleep on a cushion

C.

The disciples woke him up

D.

Jesus question the disciples' lack of faith

E.

The discipples marvelled at the miraculous power of Jesus

Correct answer is B

No explanation has been provided for this answer.

2,079.

Which of the following is an example of extractive industry?

A.

Sewing dresses

B.

Constructing bridges

C.

Baking bread

D.

Assembling iron rods

E.

Digging for precious stones

Correct answer is E

No explanation has been provided for this answer.

2,080.

Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?

A.

Consignment note

B.

Credit note

C.

Advice note

D.

Debit note

E.

Statement

Correct answer is D

No explanation has been provided for this answer.