Waec Commerce Past Questions and Answers

Question 2011:

• WAEC 2016

where a number of insurance companies are liable under one policy, the principle applicable is ?

A. Subrogation
B. Contribution
C. Indemnity
D. Utmost good faith

Question 2012:

• WAEC 2016

Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?

A. Hedging
B. Projection
C. Forecasting
D. Speculation

Question 2013:

• WAEC 2016

Another name for a dishonoured cheque is?

A. An order cheque
B. A bounced cheque
C. A bearer cheque
D. An open cheque

Question 2014:

• WAEC 2016

which of the folloing is an example of life insurance

A. Third party policy
B. Comprehensive policy
C. Fidelity guaranteed policy
D. Endowment policy

Question 2015:

• WAEC 2016

The main concern of commerce is?

A. Create wealth
B. Buy and sell goods and services
C. Exchange and distribution of goods and services
D. Satisfy all human wants