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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 291:
Which of the following is mostly used in Nigeria for setting business transactions?
  • A Credit transfer
  • B Standing order
  • C Cheques
  • D Bank notes and coins
  • E Bank drafts
View Answer & Explanation
Question 292:
When an order cheque is endorsed it becomes?
  • A A bearer cheque
  • B A certified cheque
  • C An open cheque
  • D A confirmed cheque
  • E A dishonoured cheque
View Answer & Explanation
Question 293:
Which of the following requires acceptance bythe editor to make it valuable?
  • A Postal order
  • B Cheque
  • C Promissory note
  • D Bill of exchange
  • E Bill of lading
View Answer & Explanation
Question 294:
Which of the following is not a reason for imposing custom duty? The need to
  • A Raise revenue
  • B Protect home industry
  • C Prevent dumping
  • D Decrease the volume of world trade
  • E Retaliate
View Answer & Explanation
Question 295:
Which of the following was the chief means of transport during the Tran-Saharan Trade?
  • A Motor lorries
  • B Horses
  • C Camels
  • D Aeroplanes
  • E Barges
View Answer & Explanation