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Commerce Past Questions and Answers

Commerce Questions

Question 11:
Sole enterprise may flourish best in
  • A a mining business
  • B a retailing business
  • C an oil exploration business
  • D A car assembly business
View Answer & Explanation
Question 12:
The use of coin-operated machines to sell goods is a form of
  • A personal selling
  • B retailing
  • C Wholesaling
  • D Mail-order selling
View Answer & Explanation
Question 13:
What is the major function of the wholesaler?
  • A Buying from small-scale producers and selling to exporters
  • B Buying in bulk and selling in small quantities
  • C granting of credit facilities to retailers
  • D Providing information to manufacturers on market situation
View Answer & Explanation
Question 14:
The rate at which a country's exports exchange for its imports is called
  • A Balance of payments
  • B Balance of trade
  • C terms of payment
  • D Terms of trade
View Answer & Explanation
Question 15:
The difference between the total payments for imports and the receipts from exports within a given period is referred to as
  • A Balance of payments
  • B Balance of trade
  • C comparative cost advantage
  • D Comparative advantage
View Answer & Explanation