Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
an association formed by Tyre manufacturers to safeguard and promote their interests is known as
Aco-operative society
Bchamber of commerce
Ctrade union
Dconsortium
Etrade association
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Question 2083
waec1990
a speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?
Abroker
Ba bull
Ca bear
Dan investor
Ea stag
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Question 2084
waec1990
which of the following is not the function of a small? retailer
Asupplying goods to the final consumer
Bbreaking goods into small units
Cgranting credits to known customers
Dfurnishing information to the wholesaler
Eselling in large quantities
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Question 2085
waec1990
a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?
AN65,000.00
BN500,000.00
CN650,000.00
DN1,000,000.00
EN65,000,000.00
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Question 2086
waec1990
which of the following is a feature of co-operative society?
Adividend is based on the number of shares sold
Blimited membership
Cowned and run by the state
Ddemocratic controll and management
Evoting rights are not equal
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Question 2087
waec1990
which of the following is not a means of raising capital by a promoter?
Agoodwill
Bborrowing
Cselling of shares
Dselling real assets
Epast savings
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Question 2088
waec1990
which of the following currencies does/do not belong to any country within the ECOWAS?
Anaira and kobo
Bdalasi
Ccedis and pesewas
Dleo
Ekwasha and shilling
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Question 2089
waec1990
total sales less total returns inwards is called?
Apurchases
Bnet profit
Cgross profit
Daverage stock
Enet sales
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Question 2090
waec1990
the production of goods in anticipation of demand is made possible by?
Apackaging
Bwarehousing
Cbranding
Dadvertising
Etransporting
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Question 2091
waec1990
which of the following is not a means of making payment to a businessman?
Abank draft
Bcash
Cmoney order
Dcheque
Estatements
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Question 2092
waec1990
the value of anything expressed in monetary terms is the?
Autility
Bprice
Cservice
Dcharge
Emoney
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Question 2093
waec1990
which of the following documents may be used when an importer requires a longer period of credit before settlement?
Aletter of credit
Bdocumentry credit
Cbill of lading
Dsight draft
Ebill of exchange
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Question 2094
waec1990
An overdraft is usually granted a?
Asavings account holder
Bdeposit account holder
Ccurrent account holder
Dloan account holder
Efixed deposit account holder
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Question 2095
waec1990
Which of the following is a function of money?
AProvision of double coincidence of wants
BDurability
CStandard for deferred payment
DPortability
EDivisibility
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Question 2096
waec1990
An author's exclusive right to published and unpublished works is known as?
Apatent right
Bfundaamental human right
Ccopyright
Dauthorship
Econstitutional right
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Question 2097
waec1990
With the exception of life assurance and personal accident insurance, contracts of insurance are contracts of?
Apremium
Bindemnity
Cproximate cause
Dutmost good faith
Egeneral average cause
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Question 2098
waec1990
The amount paid by the assured to the insurer is called?
Ainterest
Bpremium
Cdividend
Dindemnity
Esurrender value
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Question 2099
waec1990
The amount paid by the insurance company to the insured upon giving up his policy is called?
ASurrender value
Bcash bonus
Cassured sum
Ddividend
Epremium
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Question 2100
waec1990
Which of the following is not required in a Memorandum of Association? The
