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Saturday, 14 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2296:
The practice by which insurance companies share risks with other insurance companies is
  • A Contribution
  • B Re-insurance
  • C Insurance
  • D Underwriting
View Answer & Explanation
Question 2297:
One of the functions of the ports authority is
  • A Checking the activities of smugglers.
  • B Collecting import duties
  • C Enforcing law ad order in harbours
  • D Providing warehousing services.
View Answer & Explanation
Question 2298:
Which of the following means of payment requires acceptance by the debtor to make it valuable?
  • A Bearer's cheque
  • B Bill of exchange
  • C Postal order
  • D Promissory note
View Answer & Explanation
Question 2299:
The purpose for which the Central Bank sells securities is to
  • A Reduce the interest rate
  • B Reduce cash in the economy
  • C Increase cash in the economy
  • D Incrcase the interest rate
View Answer & Explanation
Question 2300:
The amount a current account holder is allowed to withdraw in excess of the balance in his account is ____________
  • A Standing order
  • B Overdraft
  • C Interest
  • D Credit transfer
View Answer & Explanation