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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1236:
The process of dealing with a cheque once it has been paid into the creditor's bank is?
  • A Clearing
  • B Accepting
  • C Negotiating
  • D Discounting
View Answer & Explanation
Question 1237:
Which of the following is taken type of insurance is taken against claims made by staff who get injured while at work?
  • A Fidelity guarantee insurance
  • B Consequential loss insurance
  • C Products' liability insurance
  • D Employers' liability company
View Answer & Explanation
Question 1238:
If the insured has been fully indemnified, the insurers are entitled to take any advantage due the insured. The principle of insurance involved is?
  • A Indemnity
  • B Suborgation
  • C Contribution
  • D Insurable interest
View Answer & Explanation
Question 1239:
Who the following sells among securities in anticipation of a fall in price?
  • A Bear
  • B Stag
  • C Jobber
  • D Bull
View Answer & Explanation
Question 1240:
Which of the following provides a proof posting and that the item has got to the addressee?
  • A Certificate of posting
  • B Recorded delivery
  • C Registration latter
  • D Express letter
View Answer & Explanation