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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 231:
The market for short term loans is known as the?
  • A Capital market
  • B Discount market
  • C Money market
  • D Stock market
  • E Open market
View Answer & Explanation
Question 232:
A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of
  • A Indemnity
  • B Subrogation
  • C Insurable interest
  • D Proximate cause
  • E Utmost good faith
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Question 233:
The practice of selling in foreign markets at less than cost price is known as?
  • A Fair trading
  • B Over-invoicing
  • C Smugging
  • D Hedging
  • E Dumping
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Question 234:
One of the reasons for national of industries is?
  • A For efficient management
  • B To comtrol corruoption and nepotism
  • C Increase the number of shareholders
  • D To control corruption performance of strategic industries
  • E To drive away foreign investors
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Question 235:
The value stated on the share certificate as opposed to the current value is called?
  • A Premium value
  • B Exchange value
  • C Nominal value
  • D Discount value
  • E Market value
View Answer & Explanation