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Commerce Past Questions and Answers

Commerce Questions

Question 111:
The provision of qualified managerial and other skilled personnel for an enterprise is called
  • A Directing
  • B Controlling
  • C Planning
  • D Staffing
View Answer & Explanation
Question 112:
A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried
  • A Cartel
  • B Conference
  • C Syndicate
  • D Trust
View Answer & Explanation
Question 113:
The difference between a chamber of commerce and a trade association is that the former
  • A Is not restricted to a particular industry
  • B Is a branch of trade that sells product
  • C Consists of members engaged in the same trade
  • D Are association of individuals or firms
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Question 114:
Which of these is a document used in International trade?
  • A Debit note
  • B Credit note
  • C Invoice
  • D Price ring
View Answer & Explanation
Question 115:
All but one is not a barriers to foreign trade
  • A Natural Barriers
  • B Economic Barriers
  • C Social and Language Barriers
  • D Trade Fair
View Answer & Explanation