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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1851:

To endorse a cheque means to

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A Write and sign one's name at the back of the cheque
B Write "pay cash" on the cheque
C Cross the cheque
D Stop the payment of the cheque

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Question 1852:

An insurance policy that covers the body of the ship only is called

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A Haulage insurance
B Voyage insurance
C Hull insurance
D Cargo insurance

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Question 1853:

Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that

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A Would be paid to mr Biu if he should discontinue with the policy
B Would be paid to mr Biu's beneficiary if he dies
C Is paid annually by mr Biu to the insurance company
D The amount mr Biu has paid plus interest

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Question 1854:

Which of the following protects consumers against poor quality foods

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A Chambers of Commerce
B Standard Organization
C Trade Association
D Manufacturers Association

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Question 1855:

The use of current account in business is convenient because

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A Withdrawal can be made at any time
B Deposits earn higher interests
C Loans are always available
D Notices are necessary befor withdrawals

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