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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1901:
The ratio between a country's exports and her imports prices is the
  • A Balance of trade
  • B Balance of payments
  • C Terms of trade
  • D Exchange rate
View Answer & Explanation
Question 1902:
The charge paid to a ship owner for the unused part of a ship is known as
  • A Penalty
  • B Dock dues
  • C Dead freight
  • D Demurrage
View Answer & Explanation
Question 1903:
Fidelity guarantee insurance will only cover
  • A Cashier's fraud
  • B Daylight robbery
  • C Loss of profit
  • D Unpaid loan
View Answer & Explanation
Question 1904:
In the absence of the bill of lading, which of the following is used o clear the goods
  • A Bill of sight
  • B Dock warrant
  • C Certificate of Origin
  • D Mate's receipt
View Answer & Explanation
Question 1905:
A system of sales where goods are sold to the highest bidder is known as
  • A Credit sale
  • B Hire purchase
  • C Clearance sale
  • D Auction sale
View Answer & Explanation