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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1441:
Which of the following is not the duty of an agent to the principal?
  • A Acting in good faith
  • B Rendering accurate account
  • C Disclosing all profits made
  • D Making secret profit
View Answer & Explanation
Question 1442:
The amount the assured receives if he decides to discontinue the life policy is known as
  • A Refund value
  • B Net value
  • C Surrender value
  • D Sum assured
View Answer & Explanation
Question 1443:
A specialized market where stocks and shares are bought and sold is
  • A Money market
  • B Commodity exchange market
  • C Perfect market
  • D Stock exchange market
View Answer & Explanation
Question 1444:
The principle where many insurance companies join to compensate one policy holder is called?
  • A Contribution
  • B Subrogation
  • C Compensation
  • D Indemnity
View Answer & Explanation
Question 1445:
Demurrage is paid by a vessel for
  • A Overloading
  • B Travelling along unplanned route
  • C Delaying at the port
  • D Not using the services at the wharf
View Answer & Explanation