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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 616:
A cheque drawn by a bank on itself is a?
  • A Credit transfer
  • B Direct debt
  • C Certified cheque
  • D Bankdraft
View Answer & Explanation
Question 617:
Which of the following is formed primarily to promote savings and loans among members?
  • A Consumers co-operative society
  • B Producer co-operative society
  • C Co-operative wholesale soceity
  • D Retail Co-operative society
  • E Co-operative thrift and credit society
View Answer & Explanation
Question 618:
Mr Ojo borrowed N54,000 from a Commercial bank and deposited his life assurance certificate with the bank. The certificate deposited serves as?
  • A A loan repayment
  • B A current asset
  • C An interest charged
  • D A collateral society
  • E A part of payment
View Answer & Explanation
Question 619:
When an insurance policy is cleared void because of a false declaration the principle involved is?
  • A Indemnity
  • B Insurable interest
  • C Proximate cause
  • D Utmost good and favour ''?
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Question 620:
The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company's share is selling?
  • A Above per value
  • B At per value
  • C Below per value
  • D Ex dividend
  • E Cum dividend
View Answer & Explanation