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Commerce Past Questions and Answers

Commerce Questions

Question 181:
In the channel of distribution, which of the following sets is entirely made up of middlemen?
  • A Wholesalers, retailers and agents
  • B Manufacturers, consumers and retailers
  • C Wholesalers, agents and consumers
  • D Retailers, manufacturers and wholesalers
View Answer & Explanation
Question 182:
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
  • A Customs draw back
  • B Export royalty
  • C Incentive
  • D Export rebate
View Answer & Explanation
Question 183:
Most foreign trade transaction are paid for through the use of
  • A Central bank cheques
  • B Bank drafts drawn by commercial banks on their foreign branches
  • C Irrevocable and confirmed letters of credit
  • D Letters of credit authenticated by the embassies of the respective countries
View Answer & Explanation
Question 184:
RRF as a scheme introduced by the central bank of Nigeria means
  • A Recording and Rediscounting Facility
  • B Refinancing and Recording Facility
  • C Refinancing and Rediscounting Facility
  • D Refinancing and Reinvesting Facility
View Answer & Explanation
Question 185:
Which of the following are the components of commerce?<br/>I Trading and advertising<br/>II Warehousing and transportation<br/>III Packaging and branding<br/>IV Insurance and banking
  • A I and II
  • B I and III
  • C I, II and IV
  • D II, III and IV
View Answer & Explanation