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Commerce Past Questions and Answers

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Commerce Questions

Question 1486:

Which of the following is an invisible export of Nigeria?

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A Shipping services Nigeria renders to Russia
B Nigeria's crude oil to london
C Banking services rendered to Americans resident in Nigeria
D Stockfish from Germany to Nigeria
E Nigeria groundnut to egypt

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Question 1487:

Most payments in international trade are made by means of?

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A Cash
B Bills of lading
C Personal cheques
D Letters of credit
E Travellers cheques

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Question 1488:

A deficit in balance of trade occurs when?

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A Visible exports exceeds invisible imports
B Total payments exceed visible exports
C Visible imports exceeds visible exports
D Invisible exports exceeds invisible imports
E Visible exports exceeds invisible imports

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Question 1489:

The amount of new capitals with which a new company proposes to be registered is called?

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A Called-up capital
B Nominal capital
C Fixed capital
D Issued capital
E Circulating capital

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Question 1490:

The part of business capital with which capital that does not change its form in the process of production is known as?

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A Circulating capital
B Nominal capital
C Liquid capital
D Fixed capital
E Working capital

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