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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1921:
In insurance, risks that have no statistics for their calculations are
  • A Insurable risks
  • B Certain risks
  • C Un-insurable risks
  • D Uncertain risks
View Answer & Explanation
Question 1922:
The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as
  • A Entrepot trade
  • B Dumping
  • C Hedging
  • D Counter trade
View Answer & Explanation
Question 1923:
The entertainment industry is classified under
  • A Extractive industry
  • B Manufacturing industry
  • C Constructive industry
  • D Commercial industry
View Answer & Explanation
Question 1924:
Buying on impulse is encouraged by
  • A Co-operative shops
  • B Hawkers
  • C Supermarket
  • D Mail order firms
View Answer & Explanation
Question 1925:
A fixed deposit account is beneficial to its holders because
  • A Cheques can be issued to settle huge debts
  • B Customers can become shareholders of the bank
  • C It attracts higher interest rate
  • D It allows customers overdraw their accounts
View Answer & Explanation