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Ikiodiete George
- 3 Min Read
Waec Gce Commerce Exam (2025/2026): Full List Of Most Repeated Topics & Past Questions
Commerce is one of the most popular subjects in WAEC GCE for students in the business and social sciences. Whether you're preparing for the first or second series, one of the best ways to boost your score is to study topics that WAEC repeats regularly.
This post provides everything you need to pass with confidence, including:
✔ Most repeated Commerce topics
✔ Frequently asked past questions
✔ Theory and objective samples
✔ Tips to score A1 in WAEC GCE Commerce
WAEC GCE Commerce Exam Format
| Paper | Type | Duration | Details |
|---|---|---|---|
| Paper 1 | Objective (Multiple Choice) | 1 hour | 50 compulsory questions |
| Paper 2 | Essay (Theory) | 1 hour 30 mins | Answer 4 out of 6 structured essay questions |
Most Repeated Topics in WAEC GCE Commerce
| Topic | Key Focus Areas |
|---|---|
| Occupation | Types (direct/personal, commercial, industrial) |
| Trade | Home and foreign trade, import/export procedures |
| Aids to Trade | Banking, insurance, advertising, warehousing, transportation |
| Business Units | Sole proprietorship, partnerships, co-operatives, joint-stock |
| Commerce and Economic Systems | Capitalism, socialism, mixed economy |
| Warehousing | Types and importance of warehouses |
| Insurance | Principles, types, indemnity, contribution, proximate cause |
| Transportation | Modes, advantages and disadvantages |
| Advertising | Media types, importance, ethics |
| Banking | Functions, types of banks, central bank vs commercial banks |
| Consumer Protection | Rights of consumers, agencies |
| Entrepreneurship | Characteristics of entrepreneurs, business plans |
| Business Documents | Invoice, receipt, debit note, credit note |
| Communication | Types, barriers, advantages |
| Stock Exchange | Functions, types of securities, quotations |
| Money and Capital Market | Differences, institutions involved |
WAEC GCE Commerce Objective Questions (Paper 1 Samples)
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Which of the following is not an aid to trade?
A. Transport
B. Insurance
C. Production
D. Advertising
✅ Correct Answer: C -
The agency responsible for controlling the activities of insurance companies in Nigeria is:
A. NDIC
B. NAICOM
C. CBN
D. SEC
✅ Correct Answer: B -
The term "letter of credit" is commonly used in:
A. Warehousing
B. Advertising
C. Foreign Trade
D. Local Trade
✅ Correct Answer: C
WAEC GCE Commerce Theory Questions (Paper 2 Samples)
Question 1 (Repeated):
List and explain five aids to trade.
Sample Answer:
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Banking – Provides capital and financial transactions
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Advertising – Promotes goods and services
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Insurance – Covers business risks and losses
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Transportation – Moves goods from producers to consumers
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Warehousing – Stores goods pending sales or distribution
Question 2 (Likely):
Differentiate between the money market and capital market.
| Money Market | Capital Market |
|---|---|
| Short-term borrowing/lending | Long-term borrowing/lending |
| Includes treasury bills, call money | Includes stocks, bonds, debentures |
| Managed by banks | Managed by stock exchanges & investment firms |
Question 3 (Repeated):
State and explain three types of business units.
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Sole proprietorship – Owned and run by one person
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Partnership – Owned by 2 to 20 people
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Co-operative society – Owned and operated by members for mutual benefit
Repeated Commerce Topics by Year
| Year | Topics Frequently Asked |
|---|---|
| 2024 | Business Units, Aids to Trade, Stock Exchange |
| 2023 | Insurance, Advertising, Consumer Protection |
| 2022 | Warehousing, Communication, Entrepreneurship |
| 2021 | Trade (Home and Foreign), Banking |
| 2020 | Occupation, Capital Market, Business Documents |
| 2019 | Transportation, Money Market, Business Plans |
How to Score A1 in WAEC GCE Commerce (2025/2026)
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Study Past Questions – WAEC repeats at least 60% of topics yearly.
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Use Flashcards – For principles, business terms, and key definitions.
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Master Trade & Aids to Trade – These two always appear.
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Practice Diagrams – E.g., stock exchange layout, chain of distribution.
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Understand Business Terms – Don't cram. Know the “why” behind concepts.
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Improve Writing Skills – Keep theory answers short, straight, and well-organized.
WAEC GCE Commerce FAQs
Q: Is Commerce an easy subject in WAEC GCE?
Yes, especially if you study repeated questions and understand basic concepts.
Q: How many questions are in the objective paper?
There are 50 multiple-choice questions in Paper 1.
Q: Will I be asked to draw diagrams in Commerce?
Rarely, but flowcharts (e.g., channels of distribution) may be included.
Q: Which textbook is best for GCE Commerce?
Use Comprehensive Commerce for Senior Secondary Schools and Essential Commerce.
Final Thoughts
Commerce is not about cramming—it's about understanding how the business world works. WAEC repeats many topics year after year, and if you revise wisely and solve past questions, you can score A1 easily.
“Commerce is life. Master the trade, and you’ll pass the exam.”
