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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 761:
Which of the following is not an acceptable collateral security for a bank loan?
  • A Certificate of occupancy
  • B Life assurance policy
  • C Lien on deposit account
  • D Family building
  • E Warehouse warrant
View Answer & Explanation
Question 762:
Which of the following is the basic principle of marketing concept?
  • A Seller-oriented
  • B Producer-oriented
  • C Consumer-oriented
  • D Manufacturer-oriented
  • E Product-oriented
View Answer & Explanation
Question 763:
The compensation given to brokers who sell shares to jobbers is called
  • A Premium
  • B Commission
  • C Salary
  • D Interest
  • E Dividend
View Answer & Explanation
Question 764:
The Stock Exchange does not deal in
  • A Shares
  • B Treasury bills
  • C Debentures
  • D Stocks
  • E Bonds
View Answer & Explanation
Question 765:
The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called
  • A Uberrimae fidei
  • B Indemnity
  • C Proximate cause
  • D Insurable interest
  • E Contribution
View Answer & Explanation