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Friday, 03 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1841:
A person who earns extra commission for guaranteeing debts is a
  • A Factor
  • B Broker
  • C Commission agent
  • D Del-credere agent
View Answer & Explanation
Question 1842:
An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
  • A Indemnity
  • B Insurable interest
  • C Proximate cause
  • D Subrogation
View Answer & Explanation
Question 1843:
Voyage policy insurance is associated with
  • A Fire
  • B Life
  • C Marine
  • D Burglary
View Answer & Explanation
Question 1844:
If a share is quoted ex-div, it means the new buyer would
  • A Get the next dividend
  • B Not get the next dividend
  • C Get a fixed dividend
  • D Not get any dividend
View Answer & Explanation
Question 1845:
Which of the following is not the function of commerce
  • A The conversion of raw materials into semi-finished products
  • B The conversion of semi-finished products into end products
  • C Provision of services to customers
  • D The exchange and distribution of goods and services
View Answer & Explanation