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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 741:
An overdraft can only be granted to the holder of a
  • A Fixed deposit
  • B Savings deposit
  • C Loan account
  • D Current account
  • E Deposit account
View Answer & Explanation
Question 742:
Which of the following is not a source of capital to a partnership?
  • A Buying on credit
  • B Ploughed back profit
  • C Borrowing
  • D Shares
  • E Personal savings
View Answer & Explanation
Question 743:
Which of the following functions of the wholesaler helps to stabilize prices
  • A Financing
  • B Advice to retailers
  • C Provision of credit
  • D Advertising
  • E Warehousing
View Answer & Explanation
Question 744:
The rebate given to the retailer by the wholesaler to enable him make profit is known as
  • A Commission
  • B Mark-up
  • C Trade discount
  • D Cash discount
  • E Credit guarantee
View Answer & Explanation
Question 745:
Division of labour often results in
  • A A decrease in production
  • B An increase in production
  • C Waste of time
  • D Uneconomic use of tools
  • E Greater craftsmanship
View Answer & Explanation