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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 871:
The insurance policy against claims from customers who might be injured within the business premises is called
  • A Life assurance policy
  • B Endowment policy
  • C Fidelity guarantee insurance
  • D Employers liability insurance
  • E Engineering insurance
View Answer & Explanation
Question 872:
An offer of new shares made to existing shareholders at a preferential price is called?
  • A Bonus issue
  • B Rights issue
  • C Private placing
  • D Debenture
  • E Preference share
View Answer & Explanation
Question 873:
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
  • A Authorised capital
  • B Fixed capital
  • C Working capital
  • D Capital owned
  • E Called-up capital
View Answer & Explanation
Question 874:
New shares are offered for sale to the public through
  • A Acceptable houses
  • B The stock exchange
  • C Issuing houses
  • D Discount houses
  • E Mortgage banks
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Question 875:
Cash-in-hand and at bank as well as debtors are examples of
  • A Current assets
  • B Fixed assets
  • C Capital owned
  • D Capital employed
  • E Working capital
View Answer & Explanation