Search SchoolNGR

Friday, 13 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 1806:
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
Question 1807:
The bank on which a cheque is drawn is known as the
  • A Drawer
  • B Drawee
  • C Cashier
  • D Payee
View Answer & Explanation
Question 1808:
A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called
  • A Cash discount
  • B Trade discount
  • C Commission
  • D Bonus
View Answer & Explanation
Question 1809:
The difference between the cost price and selling price of an article is
  • A Commission
  • B Mark-up
  • C Rebate
  • D Discount
View Answer & Explanation
Question 1810:
A ceiling on the quantity of commodity to be imported into the country is called
  • A Ban
  • B Tariff
  • C Price limit
  • D Quota
View Answer & Explanation