Search SchoolNGR

Commerce Past Questions and Answers

Classroom

Commerce Questions

Question 211:

Stevedores as a term in foreign trade means men who

SchoolNGR Classroom

A Inspect goods in ships
B Import goods by ships
C Collect duties in ships
D Load and unload ships

View Answer & Explanation

Question 212:

A close indent is an instrument to an agent to

SchoolNGR Classroom

A Order goods from a particular manufacturer
B Order goods from any manufacturer
C Sell gods to any firm
D Sell goods to a certain firm

View Answer & Explanation

Question 213:

The basic distinction between cash discount and trade discount is that while trade discount is

SchoolNGR Classroom

A For a period of 30 days, cash discount is for a period of 3 months
B Given by a wholesaler, cash discount is given by a bank
C A reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
D A reduction in the value of sales, cash discount is a reduction in price of goods

View Answer & Explanation

Question 214:

The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as

SchoolNGR Classroom

A Excess charges
B Demurrage charges
C Permium charges
D Trade charges

View Answer & Explanation

Question 215:

Bank giro is a system where?

SchoolNGR Classroom

A Commercial banks can give loan to all customers
B A central bank opens account for commercial banks
C A customer uses cheque to pay serveral bills
D A customer closes his account by writting cheque

View Answer & Explanation

Stay Updated

Follow us on:

Subjects