WAEC Past Questions and Answers - Page 55

271.

Those who are engaged in exploiting natural resources are in

A.

commercial occupation

B.

constructive occupation

C.

manufacturing occupation

D.

extractive occupation

Correct answer is D

The extractive industry involves all kinds of works concerned with the extraction of natural resources from the soil, the sea, or forest e.g. farming, fishing, hunting, lumbering, mining, quarrying etc. It is also known as the primary occupation

272.

The nominal value of kC Ltd's share is 50k and the market value is 70k. This means that the company's shares are selling

A.

at par

B.

ex dividend

C.

cum dividend

D.

at premium

Correct answer is D

Shares are said to be sold at a premium when it is sold for an amount higher than the nominal value. The amount in excess of the face value is the premium.

In the case, the premium is 20k

273.

Which of the following is not a means of transportation by water

A.

Canoes

B.

Launches

C.

Tramps

D.

Carts

Correct answer is D

A cart is a wheel-like vehicle used for the transportation of farm produce or for the carrying of goods/loads while shopping. They are different types of carts. While the modern and most popular ones are used in shopping malls, a typical cart is usually stripped to a horse who pull them about.

It is not a form of water transportation

274.

Exchange is facilitated by

A.

taxation

B.

quotas

C.

specialization

D.

good supervision

Correct answer is C

No explanation has been provided for this answer.

275.

A private limited company differs from a public limited company because it

A.

offers rights issues to existing shareholders

B.

has a separate entity from the owners

C.

cannot easily transfer shares

D.

declares dividend

Correct answer is C

No explanation has been provided for this answer.