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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1936:
The part of authorized capital of a company sold to shareholders is
  • A Paid-up capital
  • B Called-up capital
  • C Issued capital
  • D Nominal capital
View Answer & Explanation
Question 1937:
A person who contributes money to a partnership business and is also involved in its general supervision is called
  • A An active partner
  • B A limited partner
  • C A dormant partner
  • D A nominal partner
View Answer & Explanation
Question 1938:
A business obtains part of its short-term capital from
  • A Bonds
  • B Debentures
  • C Trade credit
  • D Ordinary shares
View Answer & Explanation
Question 1939:
A postal service that allows a company's customers to reply to its advertisements at the expense of the company is
  • A Recorded delivery service
  • B Post restante
  • C Express delivery service
  • D Business reply service
View Answer & Explanation
Question 1940:
A voluntary association which consists of people who represents a cross section of business interests in an area is a
  • A Trade Association
  • B Trade Union
  • C Chamber of Commerce
  • D Consumer's Association
View Answer & Explanation