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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2011:
where a number of insurance companies are liable under one policy, the principle applicable is ?
  • A Subrogation
  • B Contribution
  • C Indemnity
  • D Utmost good faith
View Answer & Explanation
Question 2012:
Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?
  • A Hedging
  • B Projection
  • C Forecasting
  • D Speculation
View Answer & Explanation
Question 2013:
Another name for a dishonoured cheque is?
  • A An order cheque
  • B A bounced cheque
  • C A bearer cheque
  • D An open cheque
View Answer & Explanation
Question 2014:
which of the folloing is an example of life insurance
  • A Third party policy
  • B Comprehensive policy
  • C Fidelity guaranteed policy
  • D Endowment policy
View Answer & Explanation
Question 2015:
The main concern of commerce is?
  • A Create wealth
  • B Buy and sell goods and services
  • C Exchange and distribution of goods and services
  • D Satisfy all human wants
View Answer & Explanation