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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 671:
Contracts for the carriage of goods by sea are generally called
  • A Charter by demise
  • B Charter parties
  • C Voyage charters
  • D Time charter
  • E Marine policy
View Answer & Explanation
Question 672:
A nation's earnings from tourism are classified as
  • A Visible exports
  • B Invisible exports
  • C Visible imports
  • D Invisible imports
  • E Entrepot trade items
View Answer & Explanation
Question 673:
An association of employees in an organization is called a
  • A Trade union
  • B Trade association
  • C Consumer association
  • D Credit union
  • E Co-operative society
View Answer & Explanation
Question 674:
A firm that accepts a portion of the risk involved in an insurance contract is
  • A A broker
  • B An actuary
  • C A speculator
  • D An underwriter
  • E An assessor
View Answer & Explanation
Question 675:
Musa places the bicycle for sale at #800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the
  • A Offerer
  • B Offeree
  • C Buyer
  • D Guarantor
  • E Auctioner
View Answer & Explanation