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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 241:
Workers involved in mining, quarrying or fishing are engaged in?
  • A Secondary production
  • B Primary production
  • C Tertiary production
  • D The manufacturing industry
  • E The construction industry
View Answer & Explanation
Question 242:
Which of the following is not a method of trade restriction?
  • A Exchange control
  • B Stock exchange
  • C Import licence
  • D Embargo
  • E Quota
View Answer & Explanation
Question 243:
When a customer writes a cheque to withdraw cash from his current account, he is both the?
  • A Drawer and the Payee
  • B Drawee and the Payee
  • C Drawer and the Debtor
  • D Drawer and the Creditor
  • E Drawee and the Debtor
View Answer & Explanation
Question 244:
The technique of controlling money supply through the purchase and sale of government bond is called?
  • A Bond control technique
  • B Exchange control technique
  • C Open market operations
  • D Price control mechanism
  • E Span of control technique
View Answer & Explanation
Question 245:
The insurance cover on property being shipped from one location to another comes under?
  • A Burglary insurance
  • B Fire insurance
  • C Marine insurance
  • D Annuity insurance
  • E Comprehensive automobile insurance
View Answer & Explanation