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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 366:
Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?
  • A Banks
  • B Insurance
  • C Transport
  • D Advertising
  • E Warehousing
View Answer & Explanation
Question 367:
In foreign trade, a country specializes in the production of a commodity in which it has?
  • A High production potentials
  • B The greatest relative advantage
  • C A large market
  • D Political influence
  • E The highest relative cost
View Answer & Explanation
Question 368:
A bill of lading is best described as the?
  • A Document of title to, the goods on board a ship
  • B Certificate of value for the goods on board
  • C Evidence of payment of customs duties
  • D Certified of goods
  • E Certified of quality of goods imported
View Answer & Explanation
Question 369:
Organization licensed and authorized to deliver fast malls, and parcels are engaged in?
  • A Courier services
  • B Career services
  • C Post-free sevices
  • D Haulage services
  • E Transport services
View Answer & Explanation
Question 370:
Parties to bill of exchange that is endorsed to a third party are the?
  • A Drawer, payee, creditor
  • B Drawer, drawee, debtor
  • C Payee, drawee, debtor
  • D Drawer, drawee, payee
  • E Creditor, debtor, drawer
View Answer & Explanation