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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1696:
A mortgage bank is primarily concerned with financing the acquisition of
  • A Motor vehicle
  • B Research equipment
  • C Computer machine
  • D Dwelling houses
View Answer & Explanation
Question 1697:
The work of actuaries is to
  • A Underwrite insurance risks
  • B Calculate insurance premiums
  • C Settle insurance claims
  • D Assess profits for insurance companies
View Answer & Explanation
Question 1698:
Government financial grants is a source of capital to a
  • A Partnership
  • B Public limited company
  • C Public corporation
  • D Co-operative society
View Answer & Explanation
Question 1699:
Which of the following is not a feature of co-operative society?
  • A Owners are the customers
  • B Capital can be repaid to a member
  • C Votes are according to shares held
  • D Dividend is based on patronage
View Answer & Explanation
Question 1700:
The practice of selling the product below the cost price to attract customers to a shop is known as
  • A Hedging
  • B Loss leader
  • C Skimming
  • D Under-invoicing
View Answer & Explanation