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Commerce Past Questions and Answers

Commerce Questions

Question 166:
The comprehensive import supervision scheme was set up by the federal government in order to
  • A Reverse Nigeria's unfavourable balance of trade
  • B Promote fair trade between Nigeria and other countries
  • C Counteract all fraudulent business deals of Nigeria with other nationals
  • D Ensue that import into Nigeria are of the correct quality, value and quantity
View Answer & Explanation
Question 167:
Which of the following has power to order withdrawal of a particular food item from circulation?
  • A Standard organisation of Nigeria
  • B Federal High courts in Nigeria
  • C Food and Drug Department of the Federal Ministry of health
  • D Local government health inspector
View Answer & Explanation
Question 168:
Which of the following maxims negate the principle of collective bargaining?
  • A Individual employees have weak bargaining base
  • B Individual employees attain strength when they come together in union
  • C Only members of the union can benefit from agreements negotiated by the union
  • D Collective bargainig covers the vast majority of employees, whether union members or not
View Answer & Explanation
Question 169:
NACCIMA stands for
  • A Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
  • B Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
  • C National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
  • D Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
View Answer & Explanation
Question 170:
For establishment of a powerful consumers' association in Nigeria to exist, there must be
  • A Financial and moral support from the public
  • B Honest and commited leadership
  • C Allocation of goods from the producer
  • D Freedom from external influence
View Answer & Explanation