WAEC: COMMERCE
Quizzes
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2014 Commerce WAEC Objective Past Questions
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2014 Commerce WAEC Theory Past Questions
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2015 Commerce WAEC Theory Past Questions
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2015 Commerce WAEC Objective Past Questions
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2016 Commerce WAEC Objective Past Questions
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2016 Commerce WAEC Theory Past Questions
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2017 Commerce WAEC Objective Past Questions
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2017 Commerce WAEC Theory Past Questions
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2018 Commerce WAEC Objective Past Questions
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2018 Commerce WAEC Theory Past Questions
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2019 Commerce WAEC Objective Past Questions
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2019 Commerce WAEC Theory Past Questions
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2020 Commerce WAEC Objective Past Questions
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2020 Commerce WAEC Theory Past Questions
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2021 Commerce WAEC Objective Past Questions
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2021 Commerce WAEC Theory Past Questions
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Question 1 of 50
1. Question
Where a number of insurance companies are liable under one policy, the principle applicable is?
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Question 2 of 50
2. Question
Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?
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Question 3 of 50
3. Question
Another name for a dishonoured cheque is?
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Question 4 of 50
4. Question
Which of the following is an example of life insurance?
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Question 5 of 50
5. Question
The main concern of commerce is
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Question 6 of 50
6. Question
The organised efforts of consumers to protect themselves against the unfair practices of businessmen is
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Question 7 of 50
7. Question
Which of the following legislations aims primarily at protection of consumers?
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Question 8 of 50
8. Question
In the law of contract, a counteroffer operates as?
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Question 9 of 50
9. Question
An economy policy which encourages government ownership of businesses is called?
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Question 10 of 50
10. Question
The lack of a permanent record for the message receiver is a disadvantage of?
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Question 11 of 50
11. Question
Which of the following occupations are classified under the extractive industry:
(i) cattle rearing, lumbering and farming
(ii) mining, quarrying and hunting
(iii) ship building, road construction and iron bending
(iv) singing, dancing and tailoring
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Question 12 of 50
12. Question
Which of the following allows a drawer of a document to correct any error?
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Question 13 of 50
13. Question
Use the following information relating to Bala enterprises to answer the question
 ₦ Premises 32,000 Motor Vehicles 15,000 Debtors 15,000 Stock 20,000 Creditors 10,000 The value of current assets is?
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Question 14 of 50
14. Question
Use the following information relating to Bala enterprises to answer the question
 ₦ Premises 32,000 Motor Vehicles 15,000 Debtors 15,000 Stock 20,000 Creditors 10,000 What is the value of working capital?
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Question 15 of 50
15. Question
Use the following information relating to Bala enterprises to answer the question
 ₦ Premises 32,000 Motor Vehicles 15,000 Debtors 15,000 Stock 20,000 Creditors 10,000 The value of fixed assets?
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Question 16 of 50
16. Question
A clean bill of lading is so called because
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Question 17 of 50
17. Question
When an importer has been overcharged for goods supplied, the exporter issues him with a?
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Question 18 of 50
18. Question
Fidelity guarantee insurance is a cover against loss arising from
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Question 19 of 50
19. Question
When a cheque is paid on a bank on which it is drawn, the cheque is
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Question 20 of 50
20. Question
The process of buying, selling and distribution of goods and services is
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Question 21 of 50
21. Question
Risk bearing in a business organisation is a function of the ______
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Question 22 of 50
22. Question
The worth of a life assurance policy before its maturity date is?
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Question 23 of 50
23. Question
One disadvantage of advertising is that it
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Question 24 of 50
24. Question
The business unit that applies the principle of one man one vote is?
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Question 25 of 50
25. Question
The water corporation is an example of a?
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Question 26 of 50
26. Question
A partnership is dissolved due to?
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Question 27 of 50
27. Question
A document that contains the relationship between the company and outsiders is a/an
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Question 28 of 50
28. Question
An organisation formed mainly by traders and manufacturers to cater for interest for interest of members is?
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Question 29 of 50
29. Question
An insurance broker is involved in?
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Question 30 of 50
30. Question
An agreement that is enforceable in law is?
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Question 31 of 50
31. Question
The size of an enterprise is determined by?
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Question 32 of 50
32. Question
Which of the following functions is not performed by trade association?
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Question 33 of 50
33. Question
The fees charged on postal order by the post office is?
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Question 34 of 50
34. Question
The document issued by a warehouse keeper for goods taken into the store is?
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Question 35 of 50
35. Question
The production of goods in anticipation for demand is made possible by?
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Question 36 of 50
36. Question
Regarding the consumer as the king who must be satisfied is the main emphasis of?
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Question 37 of 50
37. Question
Which of the following is a concept of marketing?
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Question 38 of 50
38. Question
The component of marketing mix that is put in a consumable form to satisfy the consumer is
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Question 39 of 50
39. Question
Goods become the property of the buyer on the transfer of liability and possession without immediate payment under the?
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Question 40 of 50
40. Question
The value at which one country obtains another country’s currency is?
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Question 41 of 50
41. Question
Specialising in the sale of one line of goods is the main feature of ______
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Question 42 of 50
42. Question
One objective of the European Union is to?
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Question 43 of 50
43. Question
Which of the following person is a part of a business internal environment
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Question 44 of 50
44. Question
A person or firm to whom money is owed is aÂ
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Question 45 of 50
45. Question
A general tax which applies at each point of exchange of goods and service is?
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Question 46 of 50
46. Question
If a business uses part of its profit to develop the area where it operates, the business is fulfilling its?
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Question 47 of 50
47. Question
Production ends when goods and services?
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Question 48 of 50
48. Question
The process of converting a non-profit making organisation to a profit-making business is?
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Question 49 of 50
49. Question
A distinctive symbol, title or design that readily identifies the company and its products is?
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Question 50 of 50
50. Question
Which of the following is a verbal means of communication?
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Responses