Waec Commerce Past Questions and Answers

Question 1671:

• WAEC 2010

Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?

A. Proximate cause
B. Indemnity
C. Insurable interest
D. Subrogation

Question 1672:

• WAEC 2010

Catalogs are mostly used by

A. Chain stores
B. Department stores
C. Mail order firms
D. Supermarkets

Question 1673:

• WAEC 2010

The main function of a thrift and credit cooperative society is to

A. Encourage members to buy cheaply
B. Enable members get the highest profit
C. Help members get legal redress
D. Encourage members to save

Question 1674:

• WAEC 2010

The exchange of goods for goods in home trade is known as

A. Entrepot trade
B. Trade by barter
C. Commodity trade
D. Distributive trade

Question 1675:

• WAEC 2010

Which of the following is a safest way of sending important documents through the post

A. Registered mail
B. Parcel post
C. Letter post
D. Express mail