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Commerce Past Questions and Answers

Commerce Questions

Question 116:
The difference between the buying price and the selling price of a share is referred to as
  • A Commission
  • B Profit
  • C Jobber's Profit
  • D Turnover
View Answer & Explanation
Question 117:
A bear market is said to be in existence in a period of
  • A Boom
  • B Stump
  • C Bullish
  • D Stagflation
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Question 118:
Use the following information to answer this question.<br/>Oladosu Bookshop<br/>54, Ahmadu Bello Way<br/>Kaduna<br/>P.O.BOOX 336<br/>6 January 1989<br/>Olu Stationery ltd<br/>17, Kakawa Street<br/>Lagos<br/><br/><br/>Dear Sir,<br/>We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.<br/>Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.<br/><br/><br/>Yours Faithfully<br/>Manager.<br/>The above represents?
  • A A quotation
  • B Consignment notes
  • C Letters of Inquiry
  • D An order form
View Answer & Explanation
Question 119:
Use the following information to answer this question.<br/>Oladosu Bookshop<br/>54, Ahmadu Bello Way<br/>Kaduna<br/>P.O.BOOX 336<br/>6 January 1989<br/>Olu Stationery ltd<br/>17, Kakawa Street<br/>Lagos<br/><br/><br/>Dear Sir,<br/>We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.<br/><br/><br/>Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.<br/><br/><br/>Yours Faithfully<br/>Manager.<br/><br/><br/>From the question above, the document the firm or organization will send to the buyer is
  • A Delivery notes
  • B Advice notes
  • C An order form
  • D Quotations
View Answer & Explanation
Question 120:
First Bank of Nigeria is an example of
  • A Commercial bank
  • B Central bank
  • C Development bank
  • D Merchant bank
View Answer & Explanation