Search SchoolNGR

Tuesday, 14 April 2026
Register . Login

Commerce Past Questions and Answers

Commerce Questions

Question 2131:
Which of the following may be used to restrict imports?<br/>i. Bill of lading ii. Specific Licenses iii.Foreign exchange rationing iv. Letters of credit v.Customs duties and tariffs
  • A I, ii and v only
  • B Ii, iii and v only
  • C Iii, iv and v only
  • D I, ii and iv only
  • E Ii, iii and iv only
View Answer & Explanation
Question 2132:
Which of the following is not a reason for dishonoring a cheque?
  • A Insufficient funds
  • B Different amounts in words and figures
  • C Uninitiated alteration
  • D Wrong signature
  • E Special crossing
View Answer & Explanation
Question 2133:
Which of the following is not true of a private limited company?
  • A The minimum number of shareholders is two
  • B Its shares are freely transferable
  • C There is a limit to the number of shareholders
  • D It is following separate legal entity
  • E It is a registered business
View Answer & Explanation
Question 2134:
A retail co-operative society aims at
  • A Encouraging members to save money
  • B Buying seeds and fertilizers
  • C Manufacturing goods as cheaply
  • D Lending money to members at low rate of interest
  • E Cutting off the profits of middlemen
View Answer & Explanation
Question 2135:
The value of a product expressed in monetary terms is known as
  • A Utility
  • B Price
  • C Premium
  • D Commission
  • E Interest
View Answer & Explanation