Search SchoolNGR

Monday, 06 April 2026
Register . Login

Commerce Past Questions and Answers

Commerce Questions

Question 16:
A pro forma invoice is NOT required when
  • A Quoting for the supply of goods
  • B goods are sent on approval
  • C Dealing regularly with a customer
  • D Final prices are uncertain
View Answer & Explanation
Question 17:
Which of the following statements is TRUE about sea transport?
  • A All ships have specific routes to ply
  • B All ships must be insured at every journey
  • C All ships are insured separately from the crew
  • D All ships normally arrive at their destination with goods
View Answer & Explanation
Question 18:
The postal organization which preceded the Nigerian Postal Service is
  • A Post and Telecommunication
  • B Post and Telephone
  • C Post and Teleprinter
  • D Post and Telegraph
View Answer & Explanation
Question 19:
Goods discharged from ships on which import duties have not been paid are kept in the
  • A Ordinary warehouse
  • B Public warehouse
  • C Private warehouse
  • D Bonded warehouse
View Answer & Explanation
Question 20:
A sole proprietor insured his goods worth N200,000 for half the value. There was a fire accident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is
  • A N40,000
  • B N80,000
  • C N100,000
  • D N200,000
View Answer & Explanation