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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 916:
Which of the following guides the operations of a Partnership?
  • A Memorandum of Association
  • B Articles of Association
  • C Certificate of trading
  • D Certificate of Incorporation
  • E The Deed
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Question 917:
A partner who contributes to the capital but does not take part in running the business is known as
  • A A sleeping partner
  • B An active partner
  • C A general partner
  • D A nominal partner
  • E A limited partner
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Question 918:
Which of the following assists a Nigerian producer to participate in trade fairs and exhibitions abroad?
  • A Nigerian Ports Plc
  • B Shipping and Clearing Agents
  • C Federal Airports Authority of Nigeria
  • D Customs and Excise Authority
  • E Nigerian Exports Promotion Council
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Question 919:
One way of importing goods without the use of foreign exchange is through
  • A Exchange controls
  • B Entrepot trade
  • C Quota
  • D Tarriffs
  • E Counter trade
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Question 920:
Balance of trade is said to be favourable when
  • A Visible imports exceed visible imports
  • B Invisible exports exceed visible imports
  • C Invisible imports exceed visible exports
  • D Visible exports exceed visible imports
  • E Visible exports exceed invinsible imports
View Answer & Explanation