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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1906:
The term "fiduciary issue" means
  • A Money issued without gold backing
  • B Money issued with gold backing
  • C Money issued as currency note
  • D Gold reserve
View Answer & Explanation
Question 1907:
An insurance principle which prevents an insured from making profit when compensated is known as
  • A Proximate cause
  • B Indemnity
  • C Insurable interest
  • D Utmost good faith
View Answer & Explanation
Question 1908:
A retail outlet with many branches all dealing in similar line of goods is described as a
  • A Department store
  • B Supermarket
  • C Chain store
  • D Hypermarket
View Answer & Explanation
Question 1909:
A person who gave his building as a security for loan is known as a
  • A Trustee
  • B Mortgagee
  • C Mortgagor
  • D Guarantor
View Answer & Explanation
Question 1910:
A firm that specializes in packing and shipping of goods is known as a
  • A Forwarding agent
  • B General agent
  • C Del credere agent
  • D Cargo handling company
View Answer & Explanation