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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 281:
Which of the following policies could be taken for a guaranteed life income?
  • A Endowment assurance
  • B Household policy
  • C Annuity
  • D Personal accident insurance
  • E Consequential loss insurance
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Question 282:
Buildings, machines and more vehicles used for purpose of production are examples of?
  • A Current assets
  • B Current liabilities
  • C Working capital
  • D Fixed assets
  • E Liquid assets
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Question 283:
The nominal capital of a company is the same as?
  • A Authorized capital
  • B Issued capital
  • C Capital owned
  • D Capital employed
  • E Called-up capital
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Question 284:
A document certifying that goods have been entirely or largely manufactured in the country stated is called?
  • A Certificate of origin
  • B Bill of lading
  • C Letter iof hypothecation
  • D Consular invoice
  • E Ships manifest
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Question 285:
A facility used for impressing pre-paid postage rate on letters is called?
  • A Vending machine
  • B Speed post
  • C Recorded delivery services
  • D Cash register
  • E Franking machine
View Answer & Explanation