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Friday, 03 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2026:
A clean bill of lading is so called because?
  • A It shows record of damaged goods
  • B It is not a stained bill
  • C It is a document of authority
  • D It shows no record of damaged goods
View Answer & Explanation
Question 2027:
when an importer has been overcharged for goods supplied, the exporter issues him with a?
  • A Debit note
  • B Preforma invoice
  • C Letter of credit
  • D Credit note
View Answer & Explanation
Question 2028:
fidelity guarantee insurance is a cover against loss arising from
  • A Trade debt
  • B Personal accident
  • C Dishonest staff
  • D Fire disaster
View Answer & Explanation
Question 2029:
when a cheque is paid on a bank on which it is drawn, the cheque is
  • A Discounted
  • B Debited
  • C Credited
  • D Cleared
View Answer & Explanation
Question 2030:
The process of buying, selling and distribution of goods and services is
  • A Retail trade
  • B Commerce
  • C Marketing
  • D Marketing concept
View Answer & Explanation