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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1616:
A document through which the public is invited to subscribe to the shares of a company is a
  • A Memorandum of Association
  • B Article of Association
  • C Prospectus
  • D Debenture
View Answer & Explanation
Question 1617:
The tax paid on goods produced within a country is known as
  • A Import duty
  • B Excise duty
  • C Ad valorem duty
  • D Customs draw back
View Answer & Explanation
Question 1618:
The letters R/D on a cheque shows that the cheque is
  • A Paid
  • B Dishonoured
  • C Certified
  • D Accepted
View Answer & Explanation
Question 1619:
The mode of conveying liquids and gases through an underground channel is
  • A Pipeline
  • B Rail transport
  • C Road transport
  • D Sea transport
View Answer & Explanation
Question 1620:
Which of the following is a source of capital to a sole proprietorship?
  • A Loans from friends
  • B Admission of new member
  • C Issue of shares
  • D Issue of debentures
View Answer & Explanation