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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 541:
When the exporter arranges for the dispatch of goods but leaves the cost of transport to be paid by the importer, the price quoted is?
  • A Carriage forward
  • B Franco
  • C Loco
  • D Free on board
  • E A free alongside ship
View Answer & Explanation
Question 542:
The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as?
  • A Hedging
  • B Black market
  • C Dumping
  • D Speculation
  • E Speculation
View Answer & Explanation
Question 543:
The process of entrusting part of the work of a superior and the corresponding authority to a subordinate in an
organisation is called?
  • A Delegation
  • B Deputising
  • C Coordinating
  • D Supervision
  • E Motivation
View Answer & Explanation
Question 544:
Which of the following is not considered by banks when granting loans to customers?
  • A Character ofthe customer
  • B Amount needed
  • C Period of repayment
  • D Amount of interest payable
  • E Purpose of the loan
View Answer & Explanation
Question 545:
Which of the following is not considered by banks when granting loans to customers?
  • A Character ofthe customer
  • B Amount needed
  • C Period of repayment
  • D Amount of interest payable
  • E Purpose of the loan
View Answer & Explanation