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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 651:
Which of the following may serve as delivery note?
  • A Debit note
  • B Credit note
  • C Invoice
  • D Advice note
  • E Statement of account
View Answer & Explanation
Question 652:
Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?
  • A Uberrimae fidei
  • B Subrogation
  • C Indemnity
  • D Proximate cause
  • E Insurable interest
View Answer & Explanation
Question 653:
The price charged for leasing a ship is known as
  • A Way bill
  • B Haulage
  • C Clean bill
  • D Freight
  • E Demurrage
View Answer & Explanation
Question 654:
Goods in bonded warehouses are under the strict supervision of the
  • A Customs Authority
  • B Ports Authority
  • C Importer
  • D Clearing agent
  • E Exporter
View Answer & Explanation
Question 655:
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
  • A The Nigerian Capital Market Association
  • B The Securities and Exchange Commmission
  • C The Nigerian Deposit Insurance Commission
  • D The Nigerian Reinsurance Corporation
  • E The Central Bank of Nigeria
View Answer & Explanation