Commerce WAEC Past Questions 2024 [UPDATED]
Commerce WAEC Past Questions are essential for those that want to start their WAEC examination in few weeks. Commerce is one of the subjects that some people consider hard and that is why we have decided to drop this past questions for you here because you would need it.
In this post, you are going to see the 50 questions that you would likely be seeing in your next exam, so do well to share this with your classmates and friends that will be writing WAEC too.
Commerce WAEC Past Questions
- A. Capital
- B. Staffing
- C. Labour
- D. Land
- A. capital owned
- B. borrowed capital
- C. paid-up capital
- D. paid-up capital
- A. operation of law
- B. performance
- C. breach
- D. capacity to contract
- A. specialization
- B. occupation
- C. manufacturing
- D. extraction
- A. nationalization
- B. deregulation
- C. privatization
- D. commercialization
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- A. sorting and grading of goods
- B. granting of discount
- C. provision of price list and terms
- D. free replacement of parts
- A. a trade association
- B. a manufacturers’ association
- C. a manufacturers’ association
- D. a consumers’ association
- A. on credit
- B. not damaged
- C. paid for
- D. duty free
- A. unit of account
- B. store of value
- C. medium of exchange
- D. standard of deferred payment
- A. fall in output
- B. death of a member
- C. non access to capital
- D. increase in market share
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- A. poor road network delaying transportation of goods
- B. inability to measure what is to be exchanged
- C. difficulty in collecting debt
- D. inability to produce enough goods
- A. bureau de change
- B. trade association
- C. chamber of commerce
- D. trade union
- A. there is decline in the supply of goods
- B. public interest outweighs the profit motive
- C. income is unevenly distributed
- D. there is less efficiency in the production of goods
- A. revaluation
- B. inflation
- C. devaluation
- D. deflation
15. The means by which a firm obtains information before introducing new products is
- A. market segmentation
- B. advertising
- C. promotion
- D. market research
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- A. demand for fish
- B. supply of fish
- C. cost of fish
- D. nature of the fish
- A. demurrage
- B. freight
- C. charge
- D. dock due
- A. Greece
- B. France
- C. Denmark
- D. Bolivia
19. Advertising designed to sell more of a company’s products than other brands is
- A. persuasive
- B. indirect
- C. competitive
- D. informative
- A. rent
- B. interest
- C. profit
- D. dividend
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- A. commercialization
- B. deregulation
- C. privatization
- D. nationalization
- A. Drilling
- B. Mining
- C. Barbing
- D. Farming
- A. control the supply of goods
- B. prevent imitation by competitors
- C. stabilize the prices of goods
- D. make after-sale service possible
- A. ensure production of quality goods
- B. encourage foreign investments
- C. improve transportation and communication
- D. promote privatization policies
- A. consular invoice
- B. consignment note
- C. proforma invoice
- D. credit note
- A. sell shares on the stock exchange
- B. have equal number of members
- C. receive certificate of incorporation
- D. are required to publish their final accounts
- A. seasonal discount
- B. quantity discount
- C. cash discount
- D. trade discount
- A. e-commerce
- B. e-payment
- C. e-transfer
- D. e-mail
29. A document in which the internal regulations of a company are stated is
- A. Certificate of Incorporation
- B. Articles of Association
- C. Memorandum of Association
- D. Partnership Deed
- A. Stock
- B. Overdraft
- C. Share
- D. Debenture
- A. packing and loading is easy as activities are handled by experts
- B. canteen services are provided during the course of transportation
- C. specific vehicles could be used to carry certain loads
- D. terminal handling is eliminated by door-to-door delivery
- A. Aeroplane
- B. Tanker
- C. Tramp
- D. Ferry
- A. Cash on delivery
- B. Cash on delivery
- C. Free samples
- D. Buy one get one free
- A. mobile shop
- B. chain store
- C. shopping mall
- D. tied shop
- A. customs and excise authority
- B. ports authority
- C. clearing and forwarding agents
- D. chamber of commerce
- A. determine the departmental objectives and targets
- B. show the hierarchy of staff
- C. implement policies on staff welfare
- C. measure variation on staff performance
- A. terms of payment
- B. terms of trade
- C. balance of payment
- D. balance of trade
- A. contribution
- B. debenture
- C. retained profit
- D. ordinary share
39. The department that ensures that products are made available to consumers is
- A. purchases
- B. finance
- C. marketing
- D. production
- A. prices of products are reduced
- B. awareness is created on the existence of products
- C. quality of products is improved
- D. distribution channels for products are improved
- A. organizing
- B. controlling
- C. planning
- D. motivation
Use the diagram to answer the question
The instrument in the diagram is a
- A. cheque
- B. money order
- C. deposit slip
- D. warrant
Use the diagram to answer the question
The two lines on the instrument shows that it is
- A. altered
- B. crossed
- C. cancelled
- D. paid
Use the diagram to answer the question
The instrument will not be valid on
- A. September 25, 2023
- B. July 25, 2023
- C. October 25, 2023
- D. June 25, 2023
- A. commercial bank
- B. mortgage bank
- C. development bank
- D. central bank
- A. stop the sale of good in transit
- B. pay the agent for services rendered
- C. disclose confidential information
- D. renegotiate agreements made by the agent
- A. imposition of embargo
- B. removal of tariff
- C. trade liberalization
- D. memorandum of understanding
- A. consideration
- B. warranty
- C. counter offer
- D. acceptance
Frequently Asked Question
How Many Questions are my going to answer in WAEC?
You will be answering 48 objective questions and some theory questions
Can i register 10 subjects for WAEC?
No, you are expected to register only 9 including english and maths
Conclusion
There you have it! If you have any question about this content, kindly reach out to use through the comment section.