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Home » WAEC Commerce 2022 Past Questions and Answers Free Download

WAEC Commerce 2022 Past Questions and Answers Free Download

The West African Examination Council Commerce past questions and answers are available for download and this article would provide some sample questions for those writing commerce in WAEC to practice with. The questions provided in this article can be used to practice for the WAEC GCE Commerce examination.

It is very possible to pass WAEC Commerce in one sitting and in order to pass the examination, one of the things that one must do is to practice with the past questions and answers which are basically compilations of questions from different examinations years.

Before answering any question, ensure that you go through the instructions outlined at the top of the page as this is the first thing every candidate writing the examination has to do before he/she starts writing. When preparing, ensure that you are well prepared for the objective and theory sections as both sections are of great importance if you want to successfully pass the WAEC examination with flying colours.

About WAEC Commerce Past Questions

The WAEC Commerce past question is divided into two categories namely the objectives and theory and the objective part has 50 questions and applicants are to answer all while in the theory section, candidates are not to answer all the questions in that section.

WAEC Commerce Objective Sample Questions

1.Commercial activities received a great boost in West Africa due to contact with?

2.The job of the police in keeping law and order in society is?
a.a commercial service
b.An Indirect service
c.A direct service
d.A self-service

3.A business that becomes insolvent may result in

4.Which of the following activities does not belong to extractive occupations?

5.The major divisions of commerce are?
a.import, export, and transportation, communication, and warehousing
c.import, trade, and production and auxiliaries to trade

6.A memorandum of association is a document
a.Defining a company’s relationship with the public
b.inviting the public to buy a company’s share
c.Governing the affairs of the partnership
d.Regulating a company’s internal affairs

7.The main purpose of branding is to?
a.Increase the quantity of goods demanded
b.Increase the selling price of goods
c.Differentiate goods from other similar goods
d.Enhance turnover of goods

8.The facility which is not provided by the ports authority is?

9.A cheque can be dishonoured as a result of?
a.Insufficient funds
b.Same amount in words and figures
c.General crossing
d.Regular Signature

10.When a company sells shares to existing shareholders at preferential rates, this is?
a.Asiansrights issue
b.bonus issue
c.private placing
d.issue by introduction

11.The conversion of raw materials into finished goods is performed by?
a.The extractive industry
b.Service occupations
c.Commercial occupations
d.The manufacturing industry

12.Which of the following is not a factor of production

13.The duty payable on goods produced locally is
a.export duty
b.exercise duty
c.import duty
d.advalorem duty

14.An overdraft is granted to holders of
a.savings account accounts
c.deposit accounts
d.current accounts

15.An example of an invisible item of trade is
c. share capital
d.fixed capital

WAEC Commerce Theory Sample Questions

1.What is Ecommerce
b. State Four advantages and disadvantages of privatization

2.Define Communication
a.List six means of communication in business
b.In what four ways is communication important in business

3.Explain the following retail outlets
a.Department store
b.Mobile Shop
c.Chain Store
d.Mail order business

4. The staff of Kander Manufacturing Company Limited formed a cooperative society to enable them to have access to funds.

  • Name the type of cooperative society they formed.
  • State four features of the cooperative society.
  • State three advantages and two disadvantages of the cooperative society.

5a. State five reasons that would make a bank dishonour a customer’s cheque.

b. State five reasons countries introduce restrictions in foreign trade.

6a. State three benefits of a commodity exchange.

b. Explain two methods of trading in a commodity exchange.

c. State four requirements for trading in a commodity exchange.

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