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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 376:
Which of the following organizations aim primarily at protecting the consumer?
  • A Standards Organization of Nigeria
  • B Chambers of Commerce
  • C State Security Service
  • D Nigeria Red Cross Society
  • E Manufacturers Association of Nigeria
View Answer & Explanation
Question 377:
A modern method of retailing whereby customers can make their purchases without the help of an assistance or cashier is called?
  • A Impulse buying
  • B One-step-shopping
  • C Self service
  • D Automatic vending
  • E Auction sales
View Answer & Explanation
Question 378:
A cheque that is drawn in the name of a bank instead of the account holder's name is called?
  • A Bank statement
  • B Bill of exchange
  • C Specially crossed cheque
  • D Certified cheque
  • E Bank draft
View Answer & Explanation
Question 379:
A deduction made by a wholesaler from the catalogue price and which represents a retailer's profit margin is called?
  • A Cash discount
  • B Deferred discount
  • C Trade discount
  • D Quantity discount
  • E Cash on delivery
View Answer & Explanation
Question 380:
A cheque dated 5/8/91 was dishonoured because it was a?
  • A Certified cheque
  • B Marked cheque
  • C Specially crossed cheque
  • D Post-dated cheque
  • E Stale cheque
View Answer & Explanation