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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1601:
Which of the following occupations come under the extractive industry? i. Cattle-rearing,lumbering,farming ii. Mining, quarrying, hunting iii.Ship building, road construction, iron bending iv. Singing, dancing, barbing
  • A I, ii and iii only
  • B I, ii and iv only
  • C I and ii only
  • D Ii and iii only
View Answer & Explanation
Question 1602:
Which of the following is sent by a supplier who does not want to sell on credit?
  • A Pro forma invoice
  • B Consular invoice
  • C Quotation
  • D Advice note
View Answer & Explanation
Question 1603:
Retail outlets that have identical store design, layout and stock display are
  • A Multiple shops
  • B Tied shops
  • C Mobile shops
  • D Supermarkets
View Answer & Explanation
Question 1604:
Life assurance premium is determined by the assured's
  • A Educational level
  • B Age
  • C Reputation
  • D Number of children
View Answer & Explanation
Question 1605:
Which of the following is not a contract of indemnity
  • A Marine insurance
  • B Fire insurance
  • C Life Assurance
  • D Burglary insurance
View Answer & Explanation