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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1671:
Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?
  • A Proximate cause
  • B Indemnity
  • C Insurable interest
  • D Subrogation
View Answer & Explanation
Question 1672:
Catalogs are mostly used by
  • A Chain stores
  • B Department stores
  • C Mail order firms
  • D Supermarkets
View Answer & Explanation
Question 1673:
The main function of a thrift and credit cooperative society is to
  • A Encourage members to buy cheaply
  • B Enable members get the highest profit
  • C Help members get legal redress
  • D Encourage members to save
View Answer & Explanation
Question 1674:
The exchange of goods for goods in home trade is known as
  • A Entrepot trade
  • B Trade by barter
  • C Commodity trade
  • D Distributive trade
View Answer & Explanation
Question 1675:
Which of the following is a safest way of sending important documents through the post
  • A Registered mail
  • B Parcel post
  • C Letter post
  • D Express mail
View Answer & Explanation