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Commerce Past Questions and Answers

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Commerce Questions

Question 2041:

All activities involved in the distribution and exchange of goods and services are referred to as?

SchoolNGR Classroom

A Trade
B Market survey
C Advertising
D Commerce
E Sales promotion

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Question 2042:

Land as a factor of production comprises?

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A All resources provided by nature
B The earth surface only
C Land surface and vegetation
D Efforts to exploit the earth
E The oceans and rivers only

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Question 2043:

Goods are usually classified into?

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A Saleable and nonisaleable good
B Inferior and superior goods
C Luxurious and essential goods
D Producer and consumer goods
E Home made and foreign made goods

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Question 2044:

Del-credere commission is an?

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A Allowance paid to a supplier
B Extra allowance paid for guaranteeing recovery of debts
C Allowance paid to all commission agents
D 'allowance paid bythe agent
E Allowances to ensure delivery of goods by commission agent

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Question 2045:

Which of the following is classified as invisible item in_the balance of payments?

SchoolNGR Classroom

A . Export of goods
B Import of machinery
C 1 Gifts
D . Sale of assets
E Salaries of expatriates

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