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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1161:
When shares are fully paid they can be converted into?
  • A Bonds
  • B Debentures
  • C Stocks
  • D Treasury bills
View Answer & Explanation
Question 1162:
The minimum charge at which the Central Bank lend to commercial banks is called?
  • A Discount rate
  • B Bank rate
  • C Market rate
  • D Interest rate
View Answer & Explanation
Question 1163:
The transfer of risks already undertaken from insurance one insurance company to another is?
  • A Over-insurance
  • B Re-insurance
  • C Under insurance
  • D Group insurance
View Answer & Explanation
Question 1164:
Hull insurance is taken to cover?
  • A Injury to the crew of the ship
  • B Non-payment of freight
  • C Damage to the cargo
  • D Damage to body of the ship
View Answer & Explanation
Question 1165:
The principle of subrogation imposes an obligation on the insured to?
  • A Disclose all material information
  • B Have financial risks in object insured
  • C Collect compensation from only insurer
  • D Surrender legal rights after compensation
View Answer & Explanation