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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1561:
The relationship between partners is stipulated in the
  • A Memorandum of Association
  • B Article of Association
  • C Partnership Deed
  • D Certificate of Incorporation
View Answer & Explanation
Question 1562:
Which of the following cannot be used to regulate importation?
  • A Import quota
  • B Import license
  • C Imposition of embargo
  • D Increase of excise duty
View Answer & Explanation
Question 1563:
A firm that accepts, sells and delivers goods by post is a
  • A Supermarket
  • B Multiple store
  • C Department store
  • D Mail order business
View Answer & Explanation
Question 1564:
Okoni and Co. law chamber is an example of a
  • A Sole proprietorship
  • B Partnership
  • C Co-operative society
  • D Public limited company
View Answer & Explanation
Question 1565:
A refund of the duty collected on goods imported into a country which are later re-exported is called
  • A Excise duty
  • B Ad valorem tax
  • C Customs drawback
  • D Demurrage
View Answer & Explanation