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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1801:
Which of the following is not an economic grouping
  • A Lake Chad Basin Commission
  • B Economic Community of West African States
  • C European Union
  • D International Monetary Fund
View Answer & Explanation
Question 1802:
One of the principles of insurance is
  • A Consequential loss
  • B Fidelity guarantee
  • C Proximate cause
  • D Surrender value
View Answer & Explanation
Question 1803:
A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is known as
  • A Standing order
  • B Money order
  • C Bank draft
  • D Overdraft
View Answer & Explanation
Question 1804:
A collective bundle of shares is called?
  • A Debenture
  • B Stock
  • C Bond
  • D Share
View Answer & Explanation
Question 1805:
The assets of a business that is available for cash or near cash is called
  • A Equity
  • B Capital employed
  • C Received capital
  • D Liquid capital
View Answer & Explanation