WAEC Commerce Questions And Answers

The West African Examinations Council (WAEC) conducts exams across various subjects, including Commerce, which is a significant subject for students in West Africa. To excel in the WAEC Commerce exam, it’s essential to understand how to approach the questions effectively. In this article, we will provide valuable tips for answering WAEC Commerce questions correctly and offer some sample objective questions and answers from previous exams.

Tips for Answering WAEC Commerce Questions:

  1. Read Carefully and Understand Instructions: Before attempting any question, take time to read and comprehend the instructions provided. This will help you avoid unnecessary mistakes due to misinterpretation.
  2. Seek Clarification: If you come across a question you don’t understand, don’t hesitate to ask your teacher or tutor for help. It’s better to seek clarification than to guess and get it wrong.
  3. Logical Order: Answer the questions in a logical sequence. Start with the ones you are most confident about, and then proceed to the more challenging ones.
  4. Double-Check Answers: Always review your answers before submitting your paper. Carefully go through each response to ensure accuracy.
  5. Thorough Study: Adequately prepare by studying the material well in advance of the exam. Make use of textbooks, class notes, and other resources to cover the syllabus comprehensively.

Sample WAEC Commerce Objective Questions and Answers:

Now, let’s go through some sample objective questions and their corresponding answers that may help you prepare for the WAEC Commerce exam:

  1. Which of the following must be present in an agency by agreement? Answer: A (intentions)
  2. An agreement to sell is distinguishable from sale because in the former, the transfer of goods is Answer: C (deferred)
  3. Mr. Amusa says to Mr. Bello ‘I will sell you this hat for N30’. And Mr. Bello replied ‘I will pay N29’. The contract is Answer: D (an offer but no acceptance)
  4. Nationalization of an industry means that its ownership becomes that of Answer: A (government)
  5. The comprehensive import supervision scheme was set up by the federal government in order to Answer: D (ensure that import into Nigeria are of the correct quality, value and quantity)
  6. Commerce can be defined as the study of how Answer: C (man buys, sells and distributes goods and services)
  7. … activity turns processed raw materials into consumer and industrial goods is described as Answer: B (manufacturing)
  8. The production process that combines two or more raw materials into one end product is Answer: B (blending)
  9. A demonstration of social responsibility by a business is the payment of Answer: A (taxes to government)
  10. A distinguishing characteristic of a limited liability company is that it Answer: C (can sue and be sued)


Mastering the art of answering WAEC Commerce questions requires careful preparation, a clear understanding of the subject matter, and a strategic approach. By following the provided tips and practicing with past questions and answers, you’ll be well-equipped to excel in the WAEC Commerce exam and secure a successful outcome. Remember, consistent study and focused practice are key to achieving your desired results.