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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1606:
A stale cheque is one on which the date for payment is
  • A Overdue
  • B Yet to come
  • C Missing
  • D Due
View Answer & Explanation
Question 1607:
When an order cheque is endorsed it becomes a
  • A Confirmed cheque
  • B Bearer cheque
  • C Dishonoured cheque
  • D Cleared cheque
View Answer & Explanation
Question 1608:
The authority given to a bank to make regular payments on behalf of a customer is
  • A Credit transfer
  • B Bank endorsement
  • C Standing order
  • D Bank overdraft
View Answer & Explanation
Question 1609:
The taking over of privately owned businesses by the government is called
  • A Indigenization
  • B Commercialization
  • C Nationalization
  • D Privatization
View Answer & Explanation
Question 1610:
The rate of turnover is the number of times within a given period that
  • A Stock is sold and replaced
  • B Closing stock is sold and replaced
  • C Purchases are added to stock
  • D Average stock is sold
View Answer & Explanation