Preparing with the 2024 Edexcel iGCSE Commerce Past Papers is one of the quickest ways for Sri Lankan students to convert study time into real marks. EDUS Wiki brings the 2024 papers, marking schemes, and examiner-style insights together so you can focus on what markers reward: precise commercial terminology, clear application to case data, accurate explanation of processes, and balanced evaluation. With our step-by-step guidance—and internal links to topic checklists, commercial document templates, and time-management strategies—you’ll practise efficiently, avoid recurring errors, and walk into the exam with a proven plan.
2024 Edexcel iGCSE Commerce Past Papers: What to Expect
The 2024 set typically includes Paper 1 (structured short answers with data prompts) and Paper 2 (longer case-based analysis and evaluation). Questions commonly assess:
- Trade & sectors of commerce: home vs foreign trade; primary/secondary/tertiary sectors; channels of distribution
- Aids to trade: banking, insurance, transport, warehousing, advertising, communications and ICT
- Commercial documents & procedures: quotation, order, invoice, delivery note, credit/debit notes, statement of account; import/export documentation (bill of lading, certificate of origin), Incoterms such as FOB/CIF
- Retail & wholesale: retailer types (including e-commerce/omnichannel), wholesaler functions, modern selling methods
- International trade: methods of payment (bank draft, letter of credit, bill of exchange), exchange-rate effects, tariffs/quotas
- Banking & finance: accounts and payment methods, overdrafts/loans, sources of finance for trading firms
- Insurance: purposes and principles—insurable interest, utmost good faith, indemnity, subrogation, contribution, proximate cause
- Transport & logistics: road/rail/air/sea—cost, speed, reliability; containerisation; documentation and tracking
- Communication: traditional vs digital tools; effectiveness, speed, cost, record-keeping
- Consumer protection & ethics: rights/responsibilities, government role, fair trading
- Data handling: interpreting tables/graphs and extracting figures to support points
Why this helps: Practising authentic 2024 formats reduces exam-day surprises. Repeated exposure to Edexcel command words—“define,” “describe,” “explain,” “analyse,” “discuss,” “evaluate,” “justify”—builds speed, structure, and confident final judgements.
Common Examiner Priorities (Seen Year After Year)
- Apply to the scenario: name the business/market given; use figures from tables/graphs.
- Reasoning chains: cause → effect → commercial impact → judgement (what it depends on).
- Accurate terminology: bill of lading, letter of credit, CIF/FOB, indemnity, warehouse functions.
- Document knowledge: state purpose, key contents, and the next step in the trading sequence.
- Comparisons that compare: when asked to compare transport or communication methods, address both sides directly.
- Balanced evaluation: benefits and drawbacks, finishing with a justified recommendation linked to evidence.
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How to Use the 2024 Edexcel iGCSE Commerce Past Papers for Maximum Marks
1) Timed Practice First
- Sit one Paper 1 under exam conditions, then Paper 2. Allocate minutes by mark weight and move on when time is up.
- For long responses, spend 20–30 seconds drafting bullet points (Because → So → Therefore → Depends on…).
2) Mark Strictly with the Scheme - Use the iGCSE Commerce marking scheme 2024 to award part-marks accurately.
- Highlight where you missed application (no case data) or evaluation (no judgement/conditions).
- Build a personal phrase bank, e.g.: “If the exporter ships CIF, insurance and freight are included, reducing risk; however, landed cost rises—therefore CIF suits small/urgent consignments provided margins absorb the premium.”
3) Master Commercial Documents & Procedures - Create one-page templates with purpose and key entries for: invoice, delivery note, credit/debit note, statement of account.
- For international trade, list who prepares/receives bill of lading, insurance policy, certificate of origin, and map the document flow.
4) Topic-Focused Drills (Aids to Trade) - Banking: match payment methods to scenarios (cheque vs EFT vs card vs LC) noting speed, cost, proof.
- Insurance: practise principle → example chains (e.g., proximate cause in cargo damage).
- Transport: build a matrix (cost/speed/reliability/suitability) for road/rail/air/sea; add containerisation pros/cons.
- Warehousing: functions (breaking bulk, protection, seasonal storage) with concrete examples.
5) Data & Diagram Discipline - For every figure/graph: quote numbers, compute a simple % change when helpful, and link it to your point.
- Use neat sub-headings and short paragraphs to make marking easy and ensure each point is distinct.
6) Evaluation that Scores - End extended answers with a judgement that answers the question, plus conditions (e.g., “Choose air freight if goods are perishable/urgent; otherwise sea is cheaper for bulky shipments.”).
4-Week Smart Study Plan (Sri Lanka Friendly)
Week 1: Foundations & Documents
- Trade types, channels of distribution; sequence of home-trade documents.
- Mini-mock (Paper 1 sections); self-mark; start an error log (missed application? weak document details?).
Week 2: Aids to Trade (Banking, Insurance, Warehousing) - Payment methods and bank services; insurance principles with mini-scenarios; warehouse functions.
- End-week full Paper 1 under timed conditions.
Week 3: Transport, Communication & International Trade - Transport matrix; communication methods (email, memo, video, platforms) with pros/cons.
- International trade procedures, LC/bill of exchange, FOB vs CIF comparisons; mid-week timed Paper 2.
Week 4: Consumer Protection, E-Commerce & Exam Craft - Rights/responsibilities, government role; ICT in commerce and data security basics.
- Two full mocks (P1 + P2), strict marking; refine phrase bank and evaluation judgements.
Target: 80%+ by Week 4. If below, drill the highest-cost gaps from your error log (e.g., thin evaluation, missing figures, weak document knowledge).
Working through the 2024 Edexcel iGCSE Commerce Past Papers—and marking with the 2024 schemes—builds the exact skills examiners want: strong application to context, disciplined use of data, and confident evaluation. EDUS Wiki organises everything you need—downloads, document templates, topic checklists, and a practical 4-week plan—so you can revise purposefully and convert knowledge into marks.
Next steps on EDUS Wiki:
- Download the 2024 papers and the 2024 marking schemes
- Follow the 4-week plan and use our document templates & evaluation phrases
- Explore related years for spiral practice and stronger exam stamina
Do you have any doubts, join our classes. Call. +94 70 414 1333
Start preparing with EDUS Wiki — your trusted study partner for Edexcel success.