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Which of the following is referred to as the oldest form of insurance?
AMarine insurance
BBurglary insurance
CWhole life insurance
DAccident insurance
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Question 33
waec2007
Which of the following is legal tender
ABank notes
BBank drafts
CCentral bank cheque
DTraveller's cheque
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Question 34
waec2007
Treasury bills are bought and sold in the
ACapital market
BOpen market
CCommodity market
DMoney market
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Question 35
waec2007
Which of the following is not a function of the Central Bank
ABanker to the government
BBanker's bank
Cissuance of currency notes
DGranting loans to the public
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Question 36
waec2007
Which of the following is not a reason for dishonoring a cheque?
Ainsufficient funds in drawer's account
Bwhen the cheque is stale
CAmount in figure differs with amount in words
DPoor handwriting
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Question 37
waec2007
A limited company can raise long term capital through the
Acommodity market
Bstock exchange market
Cexport market
Dforeign exchnage market
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Question 38
waec2007
Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a
Adebit note
Bcredit note
Cvoucher
Dreceipt
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Question 39
waec2007
If a share is sold at a price below its face value, it is sold
Aabove par
Bat a discount
Cat par
Dat premium
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Question 40
waec2007
Which of the following is not a feature of a self-service store?
Ait is found mainly in urban areas
Bit offers steady employment opportunities
CGoods carry price tags
Dit operates on a large floor space
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Question 41
waec2007
Centralized buying and decentralized selling are features of
Acooperative wholesalers
Bdepartment stores
Cmail order business
Dmultiple stores
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Question 42
waec2007
A popular product priced low to attract a larger number of buyers to a shop is called
Aloss leader
Bcapital good
Cseasonal good
Dprice ring
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Question 43
waec2007
Who is responsible for the payment of the bill in a documentary credit
AExporter
BImporter
CImporter's bank
DExporter's bank
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Question 44
waec2007
The content of a bill of lading does not include the
Aname of the shipper
Bdate and place of shipment
Cname and destination of the vessel
Ddemurrage payable
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Question 45
waec2007
Which of the following is a function of the small retailer?
AFinancing manufactures
BWarehouse of goods
CBranding of goods
DSelling to consumers
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Question 46
waec2007
Importing goods into a country re-exporting is know as
Ahome trade
Bretail trade
Centrepot trade
Dcounter trade
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Question 47
waec2007
Which of the following is used to show that goods imported were produced in an ECOWAS member country
AInsurance policy
BBill of lading
CCertificate of origin
DBill of exchange
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Question 48
waec2007
Which of the following refers to a voluntary association that represents a cross-section of business interests in an area?
AManufacturers Association
BChamber of Commerce
CConsumers Association
DEmployers Association
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Question 49
waec2007
A document used to advertise shares for sale is
Aprospectus
Bannual report
Carticles of association
Dmemorandum of association
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Question 50
waec2007
A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is
