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Friday, 03 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2091:
which of the following terms is not used in price qoutation for goods
  • A E. & O,E
  • B C.I.F
  • C EX works
  • D F.A.S
View Answer & Explanation
Question 2092:
Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?
  • A Valuable consideration
  • B Formality
  • C Offer and acceptance
  • D Capacity
View Answer & Explanation
Question 2093:
which of the following documents is used in home trade only
  • A Bill of lading
  • B Airway bill
  • C Certificate of origin
  • D Proforma invoice
View Answer & Explanation
Question 2094:
the central bank carries out its monetary policy through?
  • A Discounting bills
  • B Credit ceilling
  • C Replacement of worn out notes
  • D Bank rates
View Answer & Explanation
Question 2095:
the expert reponsible for the calculation of prabability of risk in insurance is?
  • A An actuary
  • B An underwriter
  • C A broker
  • D A solicitor
View Answer & Explanation