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A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the issued capital?
AN5,000
BN10,000
CN15,000
DN20,000
EN35,000
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Question 12
waec1989
The rate at which a country's exports exchange for its imports is called?
Abalance of payments
Bbalance of trade
Cterms of delivery
Dterms of trade
Ecounter trade
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Question 13
waec1989
It is advantageous to provide services which are natural monopoly through?
Asole trades
Bpartnership
Cpublic limited liabilities companies
Dpublic enterprises
Eco-operative societies
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Question 14
waec1989
The process whereby a firm buys over the assets and liabilities of another firm is known as?
Aamalgamation
Bcartel
Cfactoring
Dholding
Ecombine
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Question 15
waec1989
Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?
Aa trespass
Ba nuisance
Cultra vires
Duberrimae fidei
Ecaveat emptor
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Question 16
waec1989
Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?
AF.O.R
BC & F
CF.A.S
DF.O.B
EC.I.F
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Question 17
waec1989
Warehousing is one of the functions of the?
Awholesaler
Bretailer
CChamber of commerce
DMinistry of Trade and Industry
EExport Promotion Department
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Question 18
waec1989
A teleprinter is used to transit?
Aimportant documents through the post office
Btyped message quickly over long distance
Cdata to and form computer
Dmessages to areas within a locality
Einformation within a bank
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Question 19
waec1989
The body controlling the installation and maintenance of telephone in Nigeria is?
ANET
BITT
CNITEL
DNIPOST
ENICON
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Question 20
waec1989
A telephone call within a town is called?
Ahome call
Btrunk call
Cdistrict call
Dzonal call
Elocal call
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Question 21
waec1989
The main disadvantage of rail transport to traders is that?
Ait carries bulky goods only
Bits cost of carriage is high
Cit is slow and flexible
Dit causes road congestion
Eit travels on schedule
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Question 22
waec1989
Which of the following is not a necessary seaport facility?
ABerth
BWarehouse
CContainers
DCranes
ETramac
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Question 23
waec1989
A bill holder wishing to dispose of his bills before maturity would be paid?
Athe discount value of the bill
Bthe present value of the bill
Cthe premium on the bills only
Dthe accumulated interest on the bills
Etotal face value of the bills with the premium
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Question 24
waec1989
Which of the following is not a means of effecting payment through current account?
ACheques
BStanding orders
CGiro system
DCredit transfer
ECredit card
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Question 25
waec1989
Which of the following is not a means of money?
ADivisibility
BPortability
CAccessibility
DRecognizability
EDurability
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Question 26
waec1989
Through which of the following does the central Bank carrying out the monetary policy of the country?
ADiscounting bills
BBanks rate
CGranting overdrafts
DActing as lender of last resort
EActing as banker to commercial banks
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Question 27
waec1989
When a cheque has special crossing it should be?
Acashed by the drawer
Bcashed over counter
CPaid into a named bank
Dpaid to the drawee
Epaid into Central Bank
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Question 28
waec1989
Which of the following institutions provides the volume of credit to the public?
ABuilding societies
BMail order business
CDepartment stores
DFinance houses
EBank
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Question 29
waec1989
Which of the following is the the main aim of the Indigenization Decree?
Aalleviate the effect of inflation
Beliminate foreigners from Nigerian economy
Cremove all obstacles to commercial activities
Dallow Nigerians greater participation in commercial activities
Ealleviated the effect of depressed economy
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Question 30
waec1989
An important marketing concept is that all company planning and operations should be?
