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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 866:
Which of the following is an example of insurable risk?
  • A Change in consumer's taste
  • B The probability of a third world war
  • C Flood resulting from excessive rain in a year
  • D The death of a business partner
  • E Loss due to change in fashion
View Answer & Explanation
Question 867:
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
  • A Utmost good faith
  • B Subrogation
  • C Insurable interest
  • D Indemnity
  • E Contribution
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Question 868:
Which of the following shows the quality of money
  • A Ability to represent both small and large values
  • B Used for deffered payments
  • C Used as a unit for account
  • D Facilitating exchange
  • E Serving as a store of wealth
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Question 869:
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
  • A Bull
  • B Jobber
  • C Bear
  • D Stag
  • E Broker
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Question 870:
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
  • A Tendering
  • B Aunctioneering
  • C Quotation
  • D Hedging
  • E Haggling
View Answer & Explanation